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Results of agm
Bacanora Lithium plc (AIM: BCN), the London traded lithium company, announces that at its annual general meeting held earlier today, all resolutions were duly passed with at least 90% votes in favour. A presentation of the AGM Proxy results for each resolution is available to view on the Company's website at https://www.bacanoralithium.com/investor-relations/restricted-aim-rule-26/

For those who are interested News is back , talking' Sonora 'on the other channel Kdnc.pl

Page 2
"Each of the key milestones achieved over the past 12 months demonstrated increased shareholder value and moves us ever closer to production, further distinguishing us from our peers. Indeed, in the 12 months since our last AGM, the Bacanora share price has increased by 25%, compared with our lithium peers who have seen share price declines of between 10% and 74%.



"In order to appreciate the value of our Company, it is important to understand what first attracted Ganfeng and M&G to Bacanora and our world class Sonora Lithium Project in Mexico. I believe this includes Sonora's large scale and high grade resources, proven processing route, robust economics, strong shareholder base, a management team with a proven track record of delivery, a supportive jurisdiction, and access to end markets. Sonora is set to be one of the lowest cost operators in the industry at around US$4,000/t production cost. This low-cost profile is a significant advantage at a time when Australian hard rock producers' higher cost production models are coming under increasing pressure as a result of falling spodumene prices.



"The considerable institutional and industry backing we continue to receive is testament to the robust economics of Sonora. Ganfeng is now the largest shareholder in the Company and is also a joint-venture partner in Sonora. Ganfeng has embarked on a technical review of the hydrometallurgical circuit of the processing plant, with a view to potentially sourcing key sections of the production equipment from Chinese suppliers and is expected to be completed in H1 2020. Both Bacanora and Ganfeng are also developing testwork programmes to evaluate the potential to produce other high value lithium products at Sonora in addition to battery-grade lithium carbonate.



"Our confidence extends to our Zinnwald project in Germany. With a Feasibility Study for a 5,112 tpa (~7,285 tpa LCE) of battery-grade lithium fluoride operation, project NPV of €428 million, an IRR of 27.4%, and a resource of 124,974 tonnes of contained lithium, Zinnwald's potential to supply the European market with high value lithium products is clear. Discussions with strategic partners with a view to funding the €159 million capital cost of the project are ongoing.



"With major institutions and industry players on our shareholder register and a strong retail investor following, we are well-placed to complete the finance package for Sonora in H1 2020. Before then, thanks to the progress made over the last twelve months, Bacanora has a cash rich balance sheet which enables us to invest in long lead items and commence bulk earthworks. Our focus remains to start production at Sonora at the earliest opportunity, as we look to realise the Project's potential and, in the process, generate value for all our shareholders."

AGM Update
Thu, 12th Dec 2019 07:00

RNS Number : 5806W
Bacanora Lithium PLC
12 December 2019

Bacanora Lithium plc / Index: AIM / Epic: BCN / Sector: Natural Resources



Bacanora Lithium plc ("Bacanora" or the "Company")

AGM Update



Bacanora Lithium plc (AIM: BCN), the London traded lithium company, is holding its Annual General Meeting ('AGM') later today. During the AGM, Bacanora Chairman, Mark Hohnen will update shareholders on key milestones achieved over the past 12 months, specifically with regards to the Company's flagship lithium project in Sonora, Mexico ('Sonora' or the 'Project').



Highlights for the year 2019



2019 has been a critical year for Bacanora and is one that has resulted in a number of significant developments that have continued to add incremental shareholder value over the past 12 months. These developments include:

· Securing one of the world's biggest lithium producers, Ganfeng Lithium Co., Ltd. ('Ganfeng'), as a 29.9% cornerstone investor

· Securing Ganfeng as our joint-venture development partner with a 22.5% direct investment in Sonora

· Securing 100% of Stage 1 production at Sonora under two guaranteed offtake agreements with Ganfeng and Hanwa and 75% of Stage 2 production with Ganfeng

· Continued longstanding support from our earliest institutional investor M&G Plc ('M&G') who increased their investment in Bacanora to 19.9%

· Completion of a Feasibility Study for the Zinnwald Lithium Project in Germany



"Each of the key milestones achieved over the past 12 months demonstrated increased shareholder value and moves us ever closer to production, further distinguishing us from our peers. Indeed, in the 12 months since our last AGM, the Bacanora share price has increased by 25%, compared with our lithium peers who have seen share price declines of between 10% and 74%.



"In order to appreciate the value of our Company, it is important to understand what first attracted Ganfeng and M&G to Bacanora and our world class Sonora Lithium Project in Mexico. I believe this includes Sonora's large scale and high grade resources, proven processing route, robust economics, strong shareholder base, a management team with a proven track record of delivery, a supportive jurisdiction, and access to end markets. Sonora is set to be one of the lowest cost operators in the industry at around US$4,000/t production cost. This low-cost profile is a significant advantage at a time when Australian hard rock producers' higher cost production models are coming under increasing pressure as a result of falling spodumene prices.



"The considerable institutional and industry backing we continue to receive is testament to the robust economics of Sonora. Ganfeng is now the largest shareholder in the Company and is also a joint-venture partner in Sonora. Ganfeng has embarked on a technical review of the hydrometallurgical circuit of the processing plant,

Bigger point is Bolivia’s too risky. World’s most innovative #Lithium processor, #Ganfeng = big $ #Argentina & now big $ in Mexico w/ @BacanoraL.

Full funding of this 300+yr #SoftRock project will be a top #Lithium development story in 1H 2020.

$BCN

Not advice. DYOR

https://m.youtube.com/watch?feature=youtu.be&v=wrmj7l8GqvA

Very interesting

from Wolfie on bcn board
https://www.marketscreener.com/BMW-AG-56358353/news/BMW-Signs-Supply-Contract-With-Ganfeng-for-Sustainable-Lithium-29711340/

COPENHAGEN (Reuters) - Denmark is moving forward with plans to build an artificial island tying in power from offshore wind farms of up to 10 gigawatts (GW) of capacity, more than enough to supply all households, as part of efforts to meet ambitious climate change targets.

Denmark is home to wind turbine giant Vestas (VWS.CO) and the world's largest developer of offshore wind, (ORSTED.CO), and recently approved a law which targets reducing greenhouse gas emissions by 70% by 2030.

The energy ministry is looking for the right location to build one or more islands surrounded by offshore wind farms with a total capacity of at least 10 GW - equivalent to 10 million European households' electricity consumption.

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Denmark covered 41% of its electricity demand from wind energy in 2018, the highest level in Europe.

The project is crucial to meet Denmark's legally binding climate act, one of the world's most ambitious, which was passed by a broad majority in parliament on Friday.

But the plans could cost as much as 200-300 billion Danish crowns (£22.99-34.49 billion), the vast majority of which will be financed by private investors, according to the ministry.

Denmark, which has a population of around 6 million, has set aside 65 million crowns to research how the energy coming into the hub can be stored or converted into renewable hydrogen as all the power generated will not just be used by domestic customers.

It hopes that new technology will make it possible to replace fossil fuels with renewable energy in sectors such as transport and industry.

"If we really are to realise the enormous potential of offshore wind we must develop technologies of the future to convert the green power into fuel for aircraft, ships and industry," said climate and energy minister Dan Jorgensen on Tuesday.

https://www.lse.co.uk/rns/KDNC/macarthur-minerals-intersects-high-grade-magnetite-k3p9hxiuzwc4ewy.html

Hi Degs, I found the info here
https://web.tmxmoney.com/getquote.php?symbols%5B%5D=MMS

Change Volume Chart (3 months)
MMS Macarthur Minerals Limited 0.26 0.09 (52.94%) 306,764

https://www.sedar.com/GetFile.do?lang=EN&docClass=9&issuerNo=00047405&issuerType=03&projectNo=02998922&docId=4639486
Weren't we connected to Cindringo ?

https://www.reuters.com/article/us-usa-trade-mexico-idUSKBN1YE1RO?taid=5df0308186d8c600013d518e&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

A battery factory financed with Chinese capital could be established in Sonora, where the existence of lithium deposits was confirmed.

Last week, Francisco Quiroga, deputy secretary of mining of the federal government announced that in Bacadéhuachi, Sonora, there are deposits of the mineral, necessary for the generation of renewable energies and the manufacture of batteries, whose extraction will begin in 2022.

In addition to protests, Bolivia, Chile and Argentina have in common the largest lithium reserve

Jorge Vidal, Secretary of Economy in that entity, said that on his trip through Asia he met with investors from Ganfeng Lithium, one of the main companies of mineral compounds, and owner of more than 20 percent of Bacanora Minerals.

Ganfeng participates in all critical stages of the value chain, including lithium extraction, metal processing, as well as the production and recycling of batteries, which makes it the largest mineral company in China.

In addition, the company has investments in the so-called Lithium Triangle, the largest mineral reserve in the world that Argentina, Bolivia and Chile share.

"They have more than seven thousand employees and are very interested in coming in January, they come on a commercial mission to Sonora, because they are interested in being here seeing the possibility of installing to set up a battery factory," explained Jorge Vidal.

The interest derives from the announcement that the largest lithium deposit in the world is in Sonora, on the borders with Chihuahua.

There is still no estimate of jobs that this could generate. “The production of lithium in the case of Sonora is very special, it is on the surface, so it is a process that seems very innovative, they have already invested between 20 and 25 million dollars, but right now what they are doing is developing the projection plan ”.

The calculations indicate that in the deposits there are reserves for 243 million tons, still uncertified, that exceed 21 million tons of Uyuni, in Bolivia, already certified.

https://www.elsoldemexico.com.mx/finanzas/empresa-china-por-litio-de-sonora-4561281.html
:)))

Or lowered it......

Looks like someone raised the closing price last night .

Kdnc 84.21% up. Lol

https://m.youtube.com/watch?v=m5p9rGaoOes&feature=youtu.be

Very encouraging

Off for Christmas shopping for the day, so I'm sure this will bounce up and down all day :) Good luck to the long term patient holders ..Our day will come.....feel a song coming on.

Hello news, I thought you had disappeared with Greenland ;) nice to hear from you.