Lucas Dow was appointed Managing Director and Chief Executive Officer

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MONTREAL, July 02, 2024 (GLOBE NEWSWIRE) — North American lithium producer Sayona Mining Limited (“Sayona”) (ASX:SYA; OTCQB:SYAXF) is pleased to announce that Mr. Lucas Dow has been appointed as Managing Director and Chief Executive Officer (MD & CEO) effective July 3, 2024.

Lucas first joined the Board as a Non-Executive Director on 14 February 2024 and will now take over as MD & CEO from Interim CEO, James Brown. It is expected that James will remain an Executive Director until 31 January 2025 to facilitate the handover and business continuity after which he will return to the role of Non-Executive Director.

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Lucas is an experienced mining executive with an outstanding track record of performance across multiple businesses, commodities and geographies, skills that will facilitate Sayona’s continued development as a leading North American lithium producer.

Lucas has led resource organizations at Chief Executive Officer level and held Executive and Non-Executive Director roles in listed and unlisted entities. As a mining engineer with extensive operational experience in the mining resources and renewable energy sectors, he is well versed in global resource trends and growth markets.

Commenting on the appointment, Lucas said: “I am excited to lead a company with tremendous potential. Sayona is fortunate to have several growing tier one assets including North American Lithium (NAL) and Moblan that will support the future success of the business.”

“I would like to thank and acknowledge James for his significant efforts as Interim CEO over the last ten months where he has overseen a very successful ramp up of NAL. The operation is now producing industry leading results for plant utilization and recovery which are both proof of his commitment and James’ leadership and operational team in Quebec.

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Sayona’s Interim CEO, James Brown said, “The Board is happy to appoint Lucas as MD & CEO to lead Sayona in the next phase of the Company’s development. We are lucky to have secured a person with such extensive technical and company experience.

“I am confident that under the leadership of Lucas, Sayona will improve its market position with a dynamic future and a firm commitment to excellence in the lithium sector.

“I would also like to take the opportunity to thank Canadian President Sylvain Collard and the entire Sayona team in Quebec and Australia for their unwavering support and commitment during my tenure as Interim CEO.”

Appointment of President and Chief Operating Officer (COO) of Canada

Sylvain Collard has been appointed President and COO of Canadian operations after joining Sayona in October 2022. Sylvain is responsible for the Company’s projects in the Abitibi-Témiscamingue hub including NAL operations, and the Eeyou Itchee James Bay hub in northern Québec, including Moblan Lithium exploration and development Project.

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Sylvain is a specialist in mine project management, continuous process improvement and has extensive experience in operations management for open pit and underground mines.

During his career, Sylvain has worked on several IAMGOLD mining projects, most notably as the main capital project manager at the Essakane mine in Burkina Faso, where 3,500 workers are under his direction. He has also managed copper and gold mines and projects in Québec, Ontario and the United States.

Interim CEO, James Brown said, “The appointment of Sylvain as President and COO of our Canadian operations underscores his strong leadership and deep operational insight since joining Sayona in 2022.

“With extensive experience in mine project management and operations in a variety of environments, including key roles at IAMGOLD and various mining projects in Canada and abroad, Sylvain is well-positioned to lead our strategic initiatives in Quebec and drive continued growth and excellence.”

Issued on behalf of the Council.

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About Sayona Mining

Sayona Mining Limited is a North American lithium producer (ASX:SYA; OTCQB:SYAXF), with projects in Québec, Canada and Western Australia.

In Québec, Sayona’s assets include North American Lithium along with the Authier Lithium Project and the Tansim Lithium Project, supported by a strategic partnership with American lithium developer Piedmont Lithium Inc. Sayona also holds a 60% stake in the Moblan Lithium Project in northern Québec.

In Western Australia, the Company has a large tenement portfolio in the Pilbara region that is prospective for gold and lithium. Sayona is exploring Hemi-style gold targets in the world-class Pilbara region, while lithium projects include leases owned by the Company and which are subject to joint ventures with Morella Corporation.

For more information, visit us at https://www.sayona.ca/

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