Sayona Mining Ltd (ASX:SYA) Bid for NAL to be Submitted for Court Approval
Bid for NAL to be Submitted for Court ApprovalBrisbane, May 27, 2021 AEST (ABN Newswire) - Emerging lithium producer Sayona Mining Limited ( OTCMKTS:DMNXF) is advancing its Quebec expansion strategy after the monitor (administrator) appointed by the Court overseeing the Companies' Creditors Arrangement Act (Canada) process of North American Lithium Inc. (NAL), further to the support confirmation from both secured creditors of NAL, has confirmed that it will support the filing of a motion with the Court for the approval of Sayona's joint bid for NAL with Piedmont Lithium Inc. (Sayona 75%; Piedmont 25%).