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Bacanora's Peter Secker discusses Ganfeng investment and lithium outlook

Bacanora Lithium PLC's (LON:BCN) Peter Secker updates on developments for investment by Chinese firm Ganfeng.

The agreement will see Ganfeng acquire 29.99% of Bacanora for £14.4mln and 22.5% of the Sonora project for a further £7.6mln.

Bacanora will use the money from the investment on the phase stage of the initial 17,500 tonnes per annum lithium carbonate operation at Sonora in Mexico. 

Quick facts: Bacanora Lithium Ltd

Price: 31.5 GBX

AIM:BCN
Market: AIM
Market Cap: £70.24 m
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Bacanora Lithium advancing Sonora debt and equity financing

Peter Secker, chief executive of Bacanora Minerals Ltd (LON:BCN) caught up with Proactive's Andrew Scott to update on financing discussions for the Sonora lithium mine in Mexico. Secker says they're still on track to begin production in the first quarter of 2020 and is expecting...

on 13/4/18

2 min read