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Sayona Mining negotiates option over Itabela graphite project

Sayona Mining Ltd.said July 7 that it is negotiating its option-to-purchase agreement with BrasilGraphite SA over the latter's Itabelagraphite project in Brazil.

The companies' deal has expired and Sayona is now looking toextend and restructure the option agreement, which was amended in December 2015 to reflect more favorable termsfor Sayona.