NORTH AMERICAN LITHIUM
North America’s Largest Producing Lithium Mine.
Our jointly owned North American Lithium (NAL) is North America’s largest-producing lithium mine and one of the world’s few active hard rock spodumene operations supplying the market today. Piedmont holds an offtake agreement to purchase the greater of 113,000 metric tons or 50% of North American Lithium’s spodumene concentrate production per year at a market-based price subject to a ceiling of $900 per metric ton and a floor price of $500 per metric ton (SC-6.0%) on a life-of-mine basis.
NAL is a revitalized brownfield operation with an open pit mine and spodumene concentrator located in Quebec. The project is owned by Sayona Quebec, a joint venture of Piedmont Lithium (25%) and Sayona Mining (75%).
Steady-State Production.
NAL achieved steady-state production in June 2024, marking the completion of the restart capital program required for the project. Full run-rate production is expected in H2’24.
Prior to commencing production in March 2023, Sayona Quebec invested US$80 million to improve lithium capture and operational efficiency at the past-producing site. Additional investments have been made as part of the ramp-up to steady-state operations, including a new crushed ore dome and crushed ore re-feed system, which are expected to further improve operational efficiency.
Sayona Mining is targeting 226,000 tons per year of spodumene concentrate production in years one through four of steady-state operations and approximately 186,000 tons per year beginning in year five and for the remainder of the 20-year mine life.
NAL’s crushed ore dome in the final stages of construction.
The high-grade results of the 2023-2024 drill program underscore the long-term potential of this important asset and the likelihood of a significant upgrade to the mineral resource estimate in the near term.
Favorable Mining Jurisdiction. Excellent Infrastructure.
North American Lithium is located in the Abitibi region of Quebec near the mining service center of Val-d’Or – a favorable mining jurisdiction with a skilled local workforce, sustainable hydropower, and close proximity to rail, port, and the U.S. market. The region provides access to excellent infrastructure and is geopolitically advantageous. North American Lithium also has a partially completed lithium carbonate facility on site, which was developed by a previous operator.
