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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 Feb 2019 08:26

Bacanora Lithium closes in on Sonora funding as loss deepens

(Sharecast News) - Bacanora Lithium said on Wednesday its interim losses had widened, but it expected to finalise its financing package for the Sonora project in the second half of the year.

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17 Jan 2019 16:00

Cadence Minerals Acquires 5.9% Holding In Bacanora Lithium (ALLISS)

LONDON (Alliance News) - Bacanora Lithium PLC said on Thursday that mining-focused investment company Cadence Minerals PLC now holds a 5.9% stake in the company with effect on in the lithium were

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11 Dec 2018 12:16

Bacanora Lithium Reiterates Cadence Not Involved In Funding Matters

LONDON (Alliance News) - Bacanora Lithium PLC said Tuesday its "significant" shareholder Cadence Minerals PLC does not have insider information of a potential Bacanora Lithium equity to

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26 Oct 2018 14:26

Bacanora Lithium makes good progress at Sonora

(Sharecast News) - Lithium exploration and development company Bacanora Lithium updated the market on its activities at its two projects in Sonora, Mexico and at Zinnwald, Germany on Friday, reporting that a number of recent milestones in the front-end engineering design had been completed at Sonora.

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15 Oct 2018 16:54

Bacanora Lithium Annual Loss Narrows On Decreased Impairments

LONDON (Alliance News) - Bacanora Lithium PLC on Monday reported a narrowed annual loss on decreased impairments of exploration & evaluation assets in the period.For the year ended a of

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9 Oct 2018 11:12

UPDATE: Cadence Notes Upgraded Estimate At Bacanora Lithium Project

LONDON (Alliance News) - Bacanora Lithium PLC on Tuesday said the total resource estimate for its Zinnwald project in Germany has been upgraded.Cadence Minerals PLC, which holds 7.5% of it

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9 Oct 2018 10:17

Resource Estimate At Bacanora Lithium's Zinnwald Project Gets Upgraded

LONDON (Alliance News) - Bacanora Lithium PLC on Tuesday said the total resource estimate for its Zinnwald project in Germany has been upgraded.Shares in Bacanora Minerals were up 6.6% at a

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28 Sep 2018 13:47

Cadence Minerals Swings To Loss As Bacanora Investment Value Falls

LONDON (Alliance News) - Cadence Minerals PLC said Friday it swung to a loss from a profit in the first half of the year due to a drop in the market price of its investments in Bacanora Lithium a

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19 Jul 2018 12:09

Bacanora Lithium Decides Against Placing To Raise Funds For Sonora (ALLISS)

LONDON (Alliance News) - Bacanora Lithium PLC said Thursday it will not go ahead with its proposed placing to raise funds for the development of its Sonora lithium project in Mexico due to in was

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5 Jul 2018 12:52

Bacanora Lithium Secures Debt Funding For Sonora Lithium Project

LONDON (Alliance News) - Bacanora Lithium PLC said Thursday it has entered into a USD150 million senior debt facility with RK Mine Finance for the development of stage 1 of its Sonora Lithium in a

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2 Jul 2018 11:20

Bacanora Lithium In Discussions With Potential Financiers For Sonora

LONDON (Alliance News) - Bacanora Lithium PLC said on Monday it is currently in the final stages of talks with several financing and offtake partners, over funding for construction of stage one of

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24 May 2018 14:34

Bacanora Quarterly Loss Slumps As It Proceeds On Lithium Projects

LONDON (Alliance News) - Bacanora Lithium PLC on Thursday said its quarterly loss widened sharply as it progresses on lithium projects in Mexico and Germany.The lithium exploration company

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20 Dec 2016 08:03

Bacanora Minerals In Asian Offtake Talks For Sonora Lithium

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18 Nov 2016 12:31

Bacanora Minerals makes solid progress in first quarter

(ShareCast News) - Mexico lithium and borates-focused company Bacanora Minerals posted an update for the first quarter 30 September on Friday - a period in which the infill drilling programme to upgrade the resource classifications was completed. The AIM-traded firm said a total of 3,896 metres in 3

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11 Nov 2016 12:54

Upgrade work at Bacanora Minerals' lithium project ongoing

(ShareCast News) - Bacanora Minerals reported that work to upgrade the lithium resource is ongoing at its Sonora project in Mexico As part of the AIM-listed company's feasibility study, which is due to finish by the end of first quarter of 2017, a production plan for a 35,000 tonnes per annum lit

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