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Sayona Mining’s (ASX: SYA) position as a key player in the desperate push to create a North American lithium industry has been recognised with the significant support the company received in a $200 million bookbuild for a capital raising.
Sayona and fellow ASX-listed miner Piedmont Lithium (ASX: PLL) created significant headline news earlier this year when they brought the North American Lithium (NAL) project in Quebec back into production.
NAL is considered the most significant source of hard rock lithium production in North America and its re-start has been identified by the Canadian and US governments as a milestone in a major push to develop a domestic battery metals industry.
Across Markets…
The Australian sharemarket slipped 0.x per cent, or x points to xxxx.x in a day when shares swung between gains and losses.
Energy and REIT’s stocks weighed down the benchmark S&P/ASX 200 index. Paladin Energy was the worst performer, its shares tumbled 20 per cent at market close. It was placed into a trading halt as traders fretted over a threat by Namibia to nationalise some natural resources.
Real estate stocks shed 0.9 per cent. The last time the sector lost more than that was over two weeks ago on April 9. Charter Hall shares dropped 2.2 per cent. GPT Group 1.4 per cent, Vicinity Centres 1.6 per cent, Stockland 1.1 per cent and Scentre 1.4 per cent.