Report
Aequitas Research
Clarence Chu
EUR 92.09 For Business Accounts Only

Sayona Mining Placement

Sayona Mining is looking to raise A$190m (approx US$135m) to restart its North American Lithium (NAL) mine.

On Monday (23rd May 2022), Sayona Mining had published a positive pre-feasibility study on the NAL mine, where shares have since corrected 26.8%. The NAL mine is co-owned with US-based Lithium explorer, Piedmont Lithium, where Sayona Mining owns 75% interest, with the remainder 25% owned by Piedmont Lithium.
30/05/2022 1 EN
Underlying
Sayona Mining
Sayona Mining

Sayona Mining is engaged in the identification, acquisition and evaluation of mineral exploration assets, focusing on lithium and graphite. Co. focuses on sourcing and developing projects capable of supplying the raw materials required to construct lithium-ion batteries for use in the green technology sectors.

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AU000000SYA5 Australian Securities Exchange Australia
Provider
Aequitas Research
Aequitas Research

Aequitas Research is a leading ECM research firm with a focus on IPOs and placements/follow-on offerings across the Asia Pacific with deal size of over USD100m. 

Since 2015, we have covered 400+ IPOs and 450+ placements with a hit rate of 73% and 65%, respectively. We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic analysis.
 
Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis. We also provide a more quant driven analysis on placement/follow-on offerings.
 
Markets that we cover include:
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.

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Analysts
Clarence Chu

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