Bullboard - Stock Discussion Forum Sayona Mining Ord Shs SYAXF

Sayona Mining Limited is an Australia-based lithium producer with projects in Quebec, Canada and Western Australia. The Company's projects include Authier Lithium Project, Tansim Lithium Project, Moblan Lithium Project, Lac Albert Lithium Project, Western Australia Lithium Projects, Western Australia Gold Projects, and Western Australia Graphite Projects. The Authier Lithium project is situated... see more

Add To Watchlist

OTCQB:SYAXF - Post Discussion

Sayona Mining Ord Shs > Possible new backup source

View:

Post by MaterialsMan on Jan 18, 2023 11:27pm

Possible new backup source

The NAL Division of SYA has an earn in agreement with V.JOR for up to 50%. JOR is a very small company with a prospective Lithium discovery in NAL's neck of the woods. Looks like JOR is drilling with the first 4m that NAL provided as the first part of the earn in. JOR annouced the first of the drill results today. I do not know didley about drill results when it comes to Lithium, but I do know that JOR's SP did not move much on the news. Maybe nobody saw the news or the results are not that great.
It seems interesting that SYA would put out up to 10m to earn in half of a property that a Co. with a 15m MC owns. Seems like a lot of money.

196