Sayona Mining Balance Sheet Health

Financial Health criteria checks 5/6

Sayona Mining has a total shareholder equity of A$795.6M and total debt of A$25.2M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are A$952.5M and A$156.9M respectively.

Key information

3.2%

Debt to equity ratio

AU$25.21m

Debt

Interest coverage ratio	n/a
Cash	AU$109.15m
Equity	AU$795.63m
Total liabilities	AU$156.88m
Total assets	AU$952.51m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: SYA's short term assets (A$217.7M) exceed its short term liabilities (A$88.4M).

Long Term Liabilities: SYA's short term assets (A$217.7M) exceed its long term liabilities (A$68.5M).

Debt to Equity History and Analysis

Debt Level: SYA has more cash than its total debt.

Reducing Debt: SYA's debt to equity ratio has increased from 0% to 3.2% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SYA has sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: SYA is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.

Sayona Mining Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Recent updates

Sayona Mining Limited (ASX:SYA) entered into an Agreement and Plan of Merger to acquire Piedmont Lithium Inc. (ASX:PLL) for approximately $260 million.

Sayona Mining Limited Appoints Laurie Lefcourt as Non-Executive Director

Sayona Mining Limited, Annual General Meeting, Nov 28, 2024

New minor risk - Financial position

Sayona Mining Limited Announces Executive Changes

Sayona Mining Limited Announces Executive Changes

Sayona Mining Limited Announces Further High-Grade Drilling Results at North American Lithium

Sayona Mining Limited Provides an Update on Moblan Lithium Project

Sayona Mining Limited Announces the Discovery and Expansion of New Mineralised Zones at the Company's North American Lithium Operation

Sayona Mining Limited Announces Feasibility Study Demonstrates the Value of Its Moblan Lithium Project

Sayona Mining Limited Announces the Establishment of Nomination and Remuneration Committee and Audit and Risk Committee

Sayona Mining Limited, Annual General Meeting, Nov 30, 2023

Sayona Mining Limited Appoints James Brown as Interim CEO

Sayona Mining Limited Announces Board Changes

Key Executive recently sold AU$1.7m worth of stock

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 200 million.

CEO, MD & Director recently sold AU$893k worth of stock

Sayona Mining Limited Further Advances the Restart of Lithium Production At Its Flagship North American Lithium Operation in Québec, Canada

Petrolympic Ltd. (TSXV:PCQ) acquired 52 mining claims covering about 6,981 acres adjacent to the eastern edge of the Moblan Deposit from Sayona Mining Limited (ASX:SYA).

Sayona Mining Limited Achieves Milestone in Restart of Lithium Production At Its North American Lithium Operation in Québec, Canada

Sayona Mining Limited Is on Target for the Recommencement of Production At Its North American Lithium

Piedmont Lithium Inc. Announces Award of Final Permit for NAL Restart

CEO, MD & Director recently sold AU$92k worth of stock

No independent directors

Sayona Mining Limited, Annual General Meeting, Nov 16, 2022

Sayona Mining Limited Launches Prefeasibility Study for NAL Lithium Carbonate Production

Full year 2022 earnings released: EPS: AU$0.009 (vs AU$0.001 loss in FY 2021)

Non-Executive Director recently sold AU$2.5m worth of stock

NAL Restart on Track Permitting Procurement Near Completion by Sayona Mining Limited

Sayona Mining Limited Announces its Planned Restart of Spodumene (Lithium) Production at the North American Lithium Operation in Québec

Sayona Mining Limited Announces Plans to Commence North American Spodumene (Lithium) Production in 2023

Sayona Mining Limited Announces New Lithium Discoveries Strengthen Moblan Potential

Company Secretary & Executive Director recently bought AU$609k worth of stock

Company Secretary & Executive Director recently sold AU$585k worth of stock

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 189.793142 million.

Sayona Mining Limited Completes AUD 190 Million Institutional Placement to Fund the Restart of Spodumene Concentrate Production at its North American Lithium Operation in Québec, Canada

Sayona Mining Limited announced that it expects to receive AUD 189.793142 million in funding

Sayona Mining Limited Announces A Positive Prefeasibility Study (PFS) for its Flagship North American Lithium (NAL) Project in Québec, Canada

No independent directors

Sayona Mining Limited Receives Positive Drilling Results from its Moblan Lithium Project in Northern Québec

Non-Executive Director recently sold AU$292k worth of stock

Sayona Mining Limited Receives Further Confirmation of the Quality of Its Authier Spodumene Product

Sayona Mining Limited Doubles Quebec Lithium Resource Base

Sayona Mining Limited (ASX:SYA) acquired Lac Albert Project.

CEO, MD & Director recently sold AU$1.0m worth of stock

Sayona Mining Limited Launches Major New Drilling Program in Partnership with SOQUEM Inc

Sayona Mining Limited Announces Drilling Results of Authier Lithium Project

Key Executive recently sold AU$400k worth of stock

CEO, MD & Director recently sold AU$450k worth of stock

Full year 2021 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in FY 2020)

Piedmont Lithium Inc. (ASX:PLL) completed the acquisition of 25% stake in Sayona Quebec Inc from Sayona Mining Limited (ASX:SYA).

Sayona Mining Limited Announces Drilling Underway At Authier Project

CEO, MD & Director recently sold AU$420k worth of stock

Sayona Mining Limited Reaffirms Confidence in the Lithium Potential of Its Emerging Tansim Lithium Project

Sayona Mining Limited (ASX:SYA) acquired 90 additional Claims in Tansim Lithium Project.

Sayona Mining Limited, Annual General Meeting, Mar 10, 2021

Non-Executive Director has left the company

Sayona Mining Limited Announces Drilling Program to Expand Quebec Lithium Resources

Sayona Mining Limited Announces the Resignation of Dan O’Neill as Non- Executive Director

Non-Executive Director recently sold AU$2.0m worth of stock

Sayona Mining Limited announced that it expects to receive AUD 9.046153 million in funding from Piedmont Lithium Limited

Piedmont Limited (ASX:PLL) entered into an agreement to acquire 25% stake in Sayona Quebec Inc from Sayona Mining Limited (ASX:SYA) for $5 million

Sayona Mining Limited (ASX:SYA) acquired remaining 50% stake in Tansim Lithium Project from Quebec Precious Metals Corporation (TSXV:QPM) for CAD 0.25 million.

Full year earnings released - AU$0.0026 loss per share

Sayona Mining Limited announced that it expects to receive AUD 2.73 million in funding from Battery Metals Capital Group, LLC

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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