Subsidiaries

12 Months Ended

Jun. 30, 2025

26.	Subsidiaries

Subsidiaries are entities controlled by the Company. Control exists where the Company is exposed or has rights to variable returns from its involvement with the subsidiary and has the ability to affect those returns through its power over the subsidiary. The Company has power over the subsidiary when it has existing rights to direct the relevant activities of the subsidiary which are those which significantly affect the subsidiary’s returns. The financial statements of subsidiaries are included in the consolidated financial statements for the period they are controlled.

The subsidiaries of the Group at the reporting date are as follows:

			Ownership interest
Subsidiaries	Country of incorporation	Principal activity	2025 %		2024 %		2023 %
9474-9454 Québec Inc.	Canada	Exploration		100		100		100
North American Lithium Inc. ⁽¹⁾	Canada	Lithium mining and processing		75		75		75
Sayona East Kimberley Pty Ltd	Australia	Exploration		100		100		100
Sayona Inc.	Canada	Administrative services		100		100		100
Sayona International Pty Ltd	Australia	Investment holding company		100		100		100
Sayona Lithium Pty Ltd	Australia	Exploration		100		100		100
Sayona North Inc.	Canada	Exploration		100		100		100
Sayona Québec Inc. ⁽¹⁾	Canada	Investment holding company		75		75		75
Shock MergeCo Inc.⁽²⁾	United States	Investment holding company		100		—		—

(1)	Non-controlling ownership interest of 25 per cent is held by Piedmont Lithium Québec Holdings Inc.

(2)	Shock MergeCo Inc. was incorporated on 14 November 2024.