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Bacanora Lithium Focused On Securing Funding For Mexico Project

Thu, 14th Mar 2019 11:51

LONDON (Alliance News) - Bacanora Lithium PLC on Thursday said it continue to focus on securing USD460 million on funding for the Sonora lithium project in Mexico in the second quarter of 2019.

The mining company made these remarks noting recent media reports and the 26% rise in its share price on Thursday. Bacanora shares jumped on Thursday, trading at 22.99 pence each.

The company said it is in discussions with a number of potential cornerstone investors as part of the fundraising process.

"These discussions are ongoing and the company will provide an update to the market as appropriate," it added.

More News
13 Sep 2019 12:32

Bacanora Lithium Non-Executive Director Batorowski Resigns

(Alliance News) - Bacanora Lithium PLC said Friday Non-Executive Director Derek Batorowski has resigned from his role with immediate effect.Batorowski has been part of the lithium company a

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20 Aug 2019 14:23

Ganfeng investment in Bacanora Lithium inches closer to full approval in China

(Sharecast News) - Bacanora Lithium updated the market on its investment agreement and offtake agreement with global lithium company Ganfeng Lithium Company on Tuesday.

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20 Aug 2019 10:16

China Approval Puts Investment In Bacanora Lithium Near Finishing Line

(Alliance News) - Bacanora Lithium PLC on Tuesday said an investment from China has been approved for a second time, leaving just one more hurdle.Bacanora shares were 9.8% higher on Tuesday

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1 Aug 2019 15:46

Bacanora Says Chinese Commerce Ministry Approves Gangfeng Investment

(Alliance News) - Bacanora Lithium PLC said on Thursday that it has received the first of three approvals in China to sign an offtake agreement and receive investment from Gangfeng Lithium Company

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28 Jun 2019 16:23

Bacanora Lithium Surges As It Finalises Ganfeng Investment, Offtake

(Alliance News) - Bacanora Lithium PLC on Friday announced the signing of an investment and offtake agreement with Chinese lithium producer Ganfeng Lithium Co Ltd.Shares were 27% higher on

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5 Jun 2019 12:49

Bacanora Lithium Says Zinnwald Study Confirms Significant Potential

LONDON (Alliance News) - Bacanora Lithium PLC on Wednesday said a feasibility study has confirmed that the German lithium project has the potential to "generate significant value for in were

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30 May 2019 13:54

Softening In Lithium Market Hurts Cadence Minerals' 2018 Earnings

LONDON (Alliance News) - Cadence Minerals PLC on Thursday said it swung to loss in 2018 due to a poor performance of lithium company shares prices, hurt by long-term softening in the lithium said

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20 May 2019 15:06

Ganfeng makes strategic investment in Bacanora Lithium

(Sharecast News) - Bacanora Lithium announced the signing of a non-binding heads of terms for a strategic investment in both Bacanora and its flagship Sonora Lithium Project in Mexico by Ganfeng on Monday.

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20 May 2019 09:46

Bacanora Lithium Agrees Provisional Investment With China's Ganfeng (ALLISS)

LONDON (Alliance News) - Bacanora Lithium PLC on Monday announced a major new investment from a Chinese lithium producer.Bacanora, which is looking to develop its flagship Sonora lithium in

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4 Apr 2019 13:32

Thursday broker round-up

(Sharecast News) - Stagecoach: Liberum downgrades to hold with a target price of 165p.

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20 Mar 2019 12:02

Bacanora Lithium Extends Zinnwald Potential With New Licence

LONDON (Alliance News) - Shares in Bacanora Lithium PLC on Wednesday climbed as it was awarded further licensing in Germany near its existing Zinnwald project.The stock was 12% higher early

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14 Mar 2019 13:06

Bacanora Lithium confirms talks with investors about Sonora funding

(Sharecast News) - Bacanora Lithium confirmed on Thursday that it is in talks with a number of potential cornerstone investors as it looks to secure $460m funding for the Sonora Lithium project in Mexico in the second quarter.

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12 Mar 2019 10:43

Bacanora Lithium Not Aware Of Reason Behind Recent Share Price Rise

LONDON (Alliance News) - Bacanora Lithium PLC said it is not aware of any unpublished information which could have led to the rise in its share price on Tuesday.Bacanora shares were trading

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13 Feb 2019 09:38

Bacanora Lithium Confident On Progress At Development Projects

LONDON (Alliance News) - Bacanora Lithium PLC on Wednesday reported a wider interim loss as it continued to work on its German and Mexican lithium projects.Bacanora's pretax loss for to

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