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Settlement of Debt Facility

10 Jan 2022 07:00

RNS Number : 9014X
Bacanora Lithium PLC
10 January 2022
 

10 January 2022

Bacanora Lithium plc

("Bacanora" or the "Company")

 

Settlement of Debt Facility

 

Bacanora Lithium plc (AIM: BCN), a lithium development company, provides an update to its announcement on 22 June 2021 regarding its debt facility with RK Mine Finance. The Company has now fully repaid all amounts due under the June 2018 first tranche drawdown of US$25 million, as well as settled the 6 million warrants issued at the time. Accordingly, all securities registered under this facility will now be removed.

For further information please visit www.bacanoralithium.com or contact:

Bacanora Lithium plc

Peter Secker, CEO

Janet Blas, CFO

 

info@bacanoralithium.com

Cairn Financial Advisers LLP, Nomad

Sandy Jamieson / Liam Murray

 

+44 (0) 20 7213 0880

Citigroup Global Markets, Joint Broker

Patrick Evans / Matthew Kenney /

Andrew Miller-Jones

 

+44 (0) 20 7986 4000

Canaccord Genuity, Joint Broker

James Asensio / Sam Lucas / Thomas Diehl

 

 

+44 (0) 20 7523 8000

Tavistock, Financial PR Adviser

Jos Simson / Nick Elwes / Oliver Lamb

Bacanora@tavistock.co.uk

+44 (0) 20 7920 3150

+44 (0) 77 8855 4035

 

Notes to editors

Bacanora Lithium Plc is an AIM-listed (ticker 'BCN') lithium development company. The Company is focused on building, in collaboration with its major shareholder and offtake partner, Ganfeng Lithium (the world's largest lithium metals producer), a 35,000 tonne per annum open pit lithium carbonate operation at its flagship asset, the Sonora Lithium Project in Mexico. The Sonora Lithium Project has 8.8 million tonnes of lithium carbonate (Li2CO3) equivalent resources, with an approximate 250-year resource life, as detailed in its December 2017 Feasibility Study.

Sonora Lithium Ltd ("SLL") is the operational holding company for the Sonora Lithium Project and owns 100% of the La Ventana concession. The La Ventana concession accounts for 88% of the mined ore feed in the Sonora Feasibility Study which covers the initial 19 years of the project mine life. On completion of this option exercise, SLL will be owned 50% by Bacanora and 50% by Ganfeng Lithium Co., Ltd. SLL also owns 70% of the El Sauz and Fleur concessions. 

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Date   Source Headline
21st Jan 202212:58 pmRNSUpdate on Ganfeng Offer Acceptances
14th Jan 20225:13 pmRNSHolding(s) in Company
10th Jan 20227:00 amRNSSettlement of Debt Facility
29th Dec 202111:29 amRNSAdmission and PDMR dealing
24th Dec 20218:34 amRNSHolding(s) in Company
23rd Dec 202112:09 pmRNSCancellation of Admission
22nd Dec 202110:49 amRNSHolding(s) in Company
17th Dec 20215:30 pmRNSBacanora Lithium
17th Dec 20212:30 pmRNSForm 8.3 - Bacanora Lithium PLC
17th Dec 202112:22 pmRNSForm 8.5 (EPT/RI) - Bacanora Lithium Plc
17th Dec 20219:47 amRNSForm 8.5 (EPT/RI)
17th Dec 20218:05 amRNSZinnwald Distribution, Share Issue & Board Changes
17th Dec 20217:00 amRNSOffer becomes unconditional
16th Dec 20213:09 pmRNSForm 8.3 - Bacanora Lithium PLC
16th Dec 202112:00 pmRNSForm 8.5 (EPT/RI) - Bacanora Lithium Plc
15th Dec 20213:08 pmRNSForm 8.3 - Bacanora Lithium PLC
15th Dec 202112:00 pmRNSForm 8.5 (EPT/RI) - Bacanora Lithium Plc
14th Dec 20219:56 amRNSForm 8.5 (EPT/RI) - Bacanora Lithium Plc
14th Dec 20219:39 amRNSZinnwald Lithium fundraise
13th Dec 202111:14 amRNSForm 8.5 (EPT/RI)
13th Dec 20218:38 amRNSForm 8.5 (EPT/RI) - Bacanora Lithium Plc
10th Dec 20213:10 pmRNSForm 8.3 - Bacanora Lithium PLC
10th Dec 202112:00 pmRNSForm 8.5 (EPT/RI) - Bacanora Lithium Plc
10th Dec 20219:27 amRNSForm 8.5 (EPT/RI)
9th Dec 202112:00 pmRNSForm 8.5 (EPT/RI) - Bacanora Lithium Plc
9th Dec 202110:48 amRNSForm 8.5 (EPT/RI)
8th Dec 202112:05 pmRNSForm 8.5 (EPT/RI)
8th Dec 202112:00 pmRNSForm 8.5 (EPT/RI) - Bacanora Lithium Plc
7th Dec 20212:26 pmRNSForm 8.3 - Bacanora Lithium PLC
7th Dec 20212:06 pmBUSForm 8.3 - BACANORA LITHIUM PLC
7th Dec 202112:00 pmRNSForm 8.5 (EPT/RI) - Bacanora Lithium Plc
7th Dec 20219:25 amRNSForm 8.5 (EPT/RI)
6th Dec 20212:41 pmRNSForm 8.3 - Bacanora Lithium PLC
6th Dec 202112:00 pmRNSForm 8.5 (EPT/RI) - Bacanora Lithium Plc
6th Dec 20219:43 amRNSForm 8.5 (EPT/RI)
6th Dec 20217:00 amRNSAcceptance level update
3rd Dec 20213:00 pmBUSForm 8.3 - Bacanora Lithium Plc
3rd Dec 20212:18 pmRNSForm 8.3 - Bacanora Lithium PLC
3rd Dec 202112:00 pmRNSForm 8.5 (EPT/RI) - Bacanora Lithium Plc
2nd Dec 202112:00 pmRNSForm 8.5 (EPT/RI) - Bacanora Lithium Plc
1st Dec 20212:50 pmRNSForm 8.3 - Bacanora Lithium PLC
1st Dec 20212:38 pmBUSFORM 8.3 - BACANORA LITHIUM PLC - AMENDMENT
1st Dec 202112:00 pmRNSForm 8.5 (EPT/RI) - Bacanora Lithium Plc
30th Nov 20213:11 pmRNSForm 8.3 - Bacanora Lithium PLC
30th Nov 20212:34 pmBUSForm 8.3 - BACANORA LITHIUM PLC Amendment
30th Nov 202112:00 pmRNSForm 8.5 (EPT/RI) - Bacanora Lithium Plc
29th Nov 20212:54 pmRNSForm 8.3 - Bacanora Lithium PLC
29th Nov 202112:00 pmRNSForm 8.5 (EPT/RI) - Bacanora Lithium Plc
26th Nov 202112:00 pmRNSForm 8.5 (EPT/RI) - Bacanora Lithium Plc
26th Nov 20219:23 amRNSForm 8.5 (EPT/RI)

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