ELEVRA LITHIUM LIMITED — Capital/Financing Update 2024

Nov 27, 2024

ASX ANNOUNCEMENT 28 November 2024

Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

This notice is given by Sayona Mining Limited (ACN 091 951 978) (ASX: SYA) ( Company ) under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ).

The Company has today issued 1,250,000,000 new fully paid ordinary shares ( Placement Shares ) at an issue price of A$0.032 per Placement Share to certain sophisticated and professional investors under the institutional placement announced by the Company on 19 November 2024 ( Placement ).

In relation to the Placement, the Company advises that:

• a. the Placement Shares the subject of this notice were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• b. this notice is being given under section 708A(5)(e) of the Corporations Act;

• c. as at the date of this notice, the Company has complied with:

  • i. the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

  • ii. sections 674 and 674A of the Corporations Act; and

• d. as at the date of this notice, there is no information that is “excluded information” within the meanings of sections 708A(7) or 708A(8) of the Corporations Act.

This notice has been authorised for release to ASX by the Company's Board of Directors.

Yours sincerely, Sayona Mining Limited

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Dylan Roberts Company Secretary

Level 28, 10 Eagle St Brisbane Q 4000 | +61 7 3369 7058 ir@sayonamining.com.au[|] ASX: SYA[|] ACN 091 951 978

sayonamining.com.au