Aequitas Research - Sayona Mining (SYA) Sayona Mining Placement

Report

Aequitas Research

Clarence Chu

EUR 95.47 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 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 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.

See profile

Analysts

Clarence Chu

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Sayona Mining - Catching up with majors

Sayona Mining is a lithium producer and explorer with projects in Canada, Western Australia and soon in the US and Ghana. A proposed merger of equals with Piedmont Lithium will create a c A$1bn mid-tier lithium player with streamlined asset ownership and significant growth optionality. Sayona and Piedmont’s Canadian and US projects comprise one of the largest advanced hard rock lithium resources in North America and are strategically positioned to supply the region’s growing lithium demand. Following the proposed equity raises, the company will be well capitalised to execute on its growth plan...

16h / 12m 16h / 12m 1 EN

GlobeNewsWire

Quarterly Activities Report June 2024

Quarterly Activities Report June 2024 North American Lithium achieves further concentrate production records MONTREAL, July 25, 2024 (GLOBE NEWSWIRE) -- Ore mined of 233,699 wet metric tonnes (wmt) was 33% lower than the previous quarter as high ROM pad inventories were utilised while in-pit inventory increased by 44%.Process plant utilisation reached a new high of 83% up from 73% in the prior quarter.Lithium recovery for the quarter was also a new high of 68%, up from 67% in the prior quarter.Record production up nearly 23% to a record 49,660 tonnes of spodumene concentrate at an avera...

July 25, 2024 July 25, 2024 1 EN

GlobeNewsWire

Rapport d’activités trimestrielles – Juin 2024

Rapport d’activités trimestrielles – Juin 2024 Le Complexe Lithium Amérique du Nord (LAN) atteint de nouveaux records de production MONTRÉAL, 25 juill. 2024 (GLOBE NEWSWIRE) -- Minerai extrait de 233 699 tonnes métriques humides (TMH), soit une baisse de 33 % par rapport au trimestre précédent, les stocks élevés de la pile ROM ayant été utilisés tandis que les stocks en fosse ont augmenté de 44 %.L'utilisation de l'usine de traitement a atteint un nouveau sommet de 83 %, contre 73 % au trimestre précédent.Le taux de récupération du lithium pour le trimestre a également atteint un ...

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Group Success Investments is looking to raise up to US$133m by trimming its holdings in Xtep International. We can’t say that the deal is expected and short interest on the stock hasn’t been creeping up as well. While the deal won’t be a large one, representing just 5.7 days of three month ADV, the firm’s last deal hasn’t done well.

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Sayona Mining Placement

Sayona Mining - Catching up with majors

Quarterly Activities Report June 2024

Rapport d’activités trimestrielles – Juin 2024

Onewo Space-Tech Pre-IPO

Legend Biotech Follow-on Offering

Xtep International Placement

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