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$SYAXF -Nice news - 18 October 2022 QUÉBEC RAIL CONTRACT SIGNED FOR NAL SHIPMENTS
Highlights
• Québec company, Solurail Logistique Inc, awarded C$43 million contract to transport spodumene
(lithium) concentrate from North American Lithium (NAL) operation to port
• Agreement strengthens logistics solution for delivery of NAL product to fast-growing markets
• Sayona continuing to advance restart of production at NAL, scheduled for Q1 2023.
Emerging lithium producer Sayona Mining Limited (ASX:SYA; OTCQB:SYAXF) has developed a transport
solution for its North American Lithium (NAL) operation, with a Québec rail operator awarded the contract
to deliver NAL spodumene (lithium) concentrate to port.
Under the agreement, Solurail Logistique Inc., a Val d'Or company specialising in bulk transhipment and rail
logistics, will be responsible for transporting lithium from the NAL operation in La Corne to the Port of
Trois-Rivières for delivery to customers.
The C$43 million (approximately A$48 million) contract includes the rental of 110 rolling stock (railway
vehicles), with the equipment to be made available for the restart of production at NAL in the first quarter
of 2023.
The agreement follows recent progress at NAL towards the recommencement of production, including the
selection of a mining operator, Québec company L. Fournier & Fils, with permitting and procurement
largely completed. Sayona has also launched a pre-feasibility study for the production of lithium carbonate
at NAL, evaluating options for downstream processing including lithium hydroxide.
https://sayonamining.com.au/wp/wp-content/uploads/2022/10/SYA_Rail_18-Oct-22.pdf