Sayona Mining (ASX: SYA)

About Sayona Mining (ASX: SYA)

Sayona Mining Limited is an Australian company that focuses on lithium production, with multiple projects across Quebec, Canada, and Western Australia. The company is involved in several projects, such as Authier Lithium, Tansim Lithium, Moblan Lithium, and Lac Albert Lithium in Quebec, as well as projects related to gold, lithium, and graphite in Western Australia.

The Authier Lithium project is near Val d’Or in Quebec and covers 19 mineral claims over 653 hectares. The Tansim Lithium project, also in Quebec, is not too far from Authier, includes 355 claims over 20,546 hectares, and is considered a prospect for lithium, tantalum, and beryllium. The Moblan Lithium project is in northern Quebec’s Eeyou-Istchee James Bay region, while the Lac Albert Project is near the Moblan site.

Despite an increase in revenue over the last year, Sayona Mining reported a net loss. The revenue for the trailing twelve months (TTM) was approximately AUD 118.64 million, while the net income was a loss of AUD 27.45 million. The loss was partly due to a significant rise in administrative costs, even as the revenue surged by 217.97%, from AUD 345,000 to AUD 1.10 million.

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Sayona Mining was incorporated in the year 2000 and does not currently list any employees. The company’s headquarters are in Brisbane, Australia, and it can be contacted via phone, fax, and through its website.