RE: Think Big14 Mar 2019 21:45
Thu, 14th Mar 2019 13:06(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.
Responding to recent press speculation, the AIM-listed lithium company said discussions are ongoing and it will provide an update to the market as appropriate.
The statement follows a report on Wednesday that copper producer Southern Copper Corp is considering investing in Bacanora.
Southern Copper's chief executive, Oscar Gonzalez, told Reuters that company officials visited the lithium project in Sonora, although he could not remember the name of the Canadian miner he said was "trying to sell it".