Sayona to acquire a 60% stake in Moblan lithium project from SOQUEM and Lithium Royalty for $86.5m.

Sayona, an emerging lithium producer, agreed to acquire a 60% stake in Moblan lithium project from SOQUEM, a mineral exploration company owned by Investissement Quebec, and Lithium Royalty, a global investor in high-grade, low-production-cost, ultra-pure battery-grade energy transition materials, for $86.5m. “We are delighted to be extending our relationship with Investissement Québec, which has invested billions of dollars in lithium and other resources projects across Québec, including North American Lithium, Moblan and Nemaska Lithium," Brett Lynch, Sayona Managing Director.