KDNC Post1 Jul 2018 08:27
Posted on KDNC ajinbali
Article in today's Sunday Times business section:
:Gulf investor joins scramble for lithium miner Bacanora Minerals....
A secretive fund from Oman is in talks to buy a £50m stake in a London-listed lithium miner amid an escalating land grab for the mineral — a crucial component in electric car batteries."
"The Gulf nation’s State General Reserve Fund (SGRF) wants to buy a chunk of Bacanora Minerals, an AIM-quoted company looking to raise £400m in debt and shares to develop a Mexican lithium mine, say City sources. SGRF is also aiming to strike an “off-take” agreement with Bacanora, securing supplies of lithium once production has begun."