Seems Like a lost opportunity to get things right World-Class Team to Support SYA North American Lithium Bid
binding bids were required to be lodged by 5pm (Montreal time) on 21 January, 2020.
How naive is tsfa funds really .
of course you need a world class team to start something.and a government who knows what it is doing .
you cant go it alone .
but if you read into the news carefully you will admit
that this represents a missed opportunity to bring together all lithium ressources of quebec
and we are witnessing what amounts to a new wasteful duplication of efforts .sayona wants to do exactly the same thing as nmx but nmx could do it much better.
sayona is a foreign company and nmx is qc .we dont want spodumene enrichment we want lithium .we dont want to export it we want to use it here .
sayona doesnt have a cent to show for just like we do but they have a world class team just like we had with gb.you dont mind them borrowing i guess .
i had hoped for something more ambitious .world class my foot .
Sayona Quebec CEO, Guy Laliberte, said the Company's proposal would help deliver on the province's goals of developing a complete lithium value chain, from mining to downstream processing and manufacturing.
"Sayona's approach offers the first concrete steps towards the creation of a true lithium hub, with a single concentrator for two lithium mining sites. This paves the way for Abitibi and Quebec to become a major part of this fast-growing industry of the 21st century," Mr Laliberte said.
NAL has a lithium mine and concentrator located in Abitibi near the mining district of Val d'Or, Quebec.
Spodumene production was halted in February 2019 and the company obtained protection from creditors in May. Subsequently, on 16 September, the Quebec Superior Court ended creditor protection and invited bids for the company's assets.
On 7 October, Sayona received documentation from Raymond Chabot Inc, the court-appointed monitor of NAL, confirming that binding bids are required to be lodged by 5pm (Montreal time) on 21 January, 2020.