Sayona Mining Ltd (SYAXF)

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PLL News this morning. https://ca.finance.yahoo.com/news/begins-lithium-bulk-sample-130000933.html READ Paragraph 4 and 5....

Work Begins on Lithium Bulk Sample
Jourdan Resources Inc.
Thu, January 21, 2021, 7:00 AM
Initial Field Work Update

TORONTO, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Jourdan Resources Inc. (TSX-V: JOR) (“Jourdan” or the “Company”) is pleased to announce that it has instructed Process Research Ortech Inc. (“Ortech”) to commence the analysis of the bulk sample retrieved from its high-grade lithium project north of Val d’Or, Quebec. Ortech, a Mississauga based laboratory, will begin work on 30 tonnes of the bulk sample that Jourdan provided. The results received from the bulk sample, in conjunction with the exploration work currently underway on Jourdan’s property, are expected to provide a clear direction for immediate steps forward towards becoming a producer in the high growth energy metal space.

Rene Bharti, CEO of Jourdan states, “Having a world class laboratory such as Ortech in our backyard, that was able to receive and can quickly begin working on the bulk sample, is an invaluable resource for Jourdan.”

Jourdan has assembled an excellent ground team that is currently at site doing soil sampling, geophysical surveys & geological mapping. The team has already performed an 18 km scintillometer survey and was successful in recognizing several anomalies corresponding to known spodumene occurrences. Jourdan hopes to publish the results of the report within the next two weeks.

Mr. Bharti goes on to say, “With the strong global forecast for lithium prices, we feel this is an opportune time for Jourdan to move forward with our lithium asset. We were excited to see Sayona Mining Limited, a company with properties closely neighbouring Jourdan’s assets, receive a sizeable investment from Piedmont Lithium Limited. It is very clear to us that we are in an extremely prolific mining district for battery grade lithium for implementation in batteries for electronic vehicles (“EV”) and similar applications.”

Dr. Andreas Rompel, Chairman of Jourdan, states, “The fact that companies such as Piedmont Lithium, who recently signed a supply agreement with Tesla who invested into Sayona Mining, which has properties located close to Jourdan’s, shows the importance of the Val d’Or region for lithium supply to the world’s largest EV companies. As part of the global initiative to focus on EVs and clean energy, Jourdan is strategically accelerating its work on its lithium project in Northern Quebec and has already initiated bulk sampling and will be seeking partners in the EV space going forward.”

In addition, the Company has granted 7,844,811 stock options to certain directors, officers and consultants of the Company pursuant to the Company’s stock option plan. The stock options vest immediately and may be exercised at a price of $0.075 per option for a period of five years from the date of grant. This grant of options is subject to the approval of the TSX Venture Exchange (“TSX-V”).

About Jourdan Resources

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol “JOR” on the TSX-V and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s main properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine. This mine is part of Contemporary Amperex Technology Co. Limited (CATL), China’s largest automotive battery manufacturer.

For more information:

Rene Bharti, Chief Executive Officer and President
Email: [e-mail]
Phone: [phone]