The NAL project was originally developed by Quebec Lithium (later RB Energy) between 2012 and 2014, but it ran out of funds. The subsequent owner, North American Lithium, actually mined the deposit in 2017, but ran into trouble with its attempt at flotation of the ore.After North American Lithium filed for creditor protection, Sayona paid C$46.7 million for the NAL project and nearby Authier carbonate project. Sayona is also drilling its Tansim and Moblan lithium properties in Quebec. The company announced earlier this week that it has drilled multiple new spodumene pegmatites at Moblan, Moblan South, South East extension, and Moleon. Sayona and Piedmont are engaged in discussions with the Quebec government to create a lithium hub for the Abitibi region.

Source: The North Africa Journal June 29, 2022 00:52 UTC