RE: Royalty dispute8 Mar 2021 14:51
Did this mess from 2017 get tidied up? I assume this is where the royalty claim stems from?
SONORA LITHIUM PROJECT – MEXICO
The Sonora Lithium Project consists of ten contiguous concessions covering 97,389 hectares. Two of
the concessions (La Ventana, La Ventana 1) are owned 100% by Bacanora through its wholly-owned
subsidiary Minera Sonora Borax S.A de C.V. (“MSB”). El Sauz, El Sauz 1, El Sauz 2, Fleur and Fleur 1
concessions are owned by Bacanora’s subsidiary, Mexilit S.A. de C.V. (“Mexilit”) (which is owned 70%
by Bacanora and 30% by Cadence Minerals Plc (“Cadence”)). These concessions are located
approximately 190 kilometres northeast of the city of Hermosillo, in Sonora State, Mexico. They are
roughly 170 kilometres south of the border with Arizona, USA. The San Gabriel and Buenavista
concessions are owned by Bacanora’s subsidiary, Minera Megalit S.A. de C.V. (“Megalit”) (which is
owned 70% by Bacanora and 30% by Cadence
https://bacanoralithium.com/pdfs/bacanora-md-6-months-to-31-Dec17.pdf