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Sayona Mining completes acquisition of Authier lithium project

Sayona MiningLtd. has completed the Authier lithium project in Quebec from for C$4 million, the company said July 21.

The company will now complete metallurgical testing toupdate the prefeasibility study for the project; convert inferred resources tomeasured and indicated, and mineral resources to reserves; explore forextensions to existing resources; and look for options for improving theproject economics.

Sayona also plans to complete an environmental impactstatement and bankable feasibility study, negotiate production offtakeagreements, and look for finance for construction of the project.