Piedmont-Sayona Joint Venture Expands Lithium Resource in Quebec

Piedmont Lithium

Piedmont Lithium, a U.S.-based company, and Canada’s Sayona Mining have announced a significant expansion of their lithium resource base at the North American Lithium (NAL) joint venture in Quebec. The latest estimates reveal that the resource base has more than doubled, highlighting the immense potential for further development at the site.

Resource Expansion and Future Potential

The updated resource estimates show a 51% increase, bringing the measured, indicated, and inferred lithium resource base to nearly 88 million metric tonnes, with a lithium oxide content of 1.13%. This expansion follows additional drilling conducted from 2023 to mid-2024. Sayona Mining emphasized that the expanded resource base would have a "significant influence" on future economic and technical studies for the NAL project.

Increased Lithium Production Goals

Piedmont and Sayona restarted production at NAL in March 2023 and are now targeting an annual output of 226,000 tonnes of spodumene concentrate, a key lithium feedstock. The expansion of resources strengthens the companies’ ability to meet the growing global demand for lithium, a crucial component in electric vehicle batteries.