Bacanora continues talks with potential Sonora partners
Bacanora Lithium
67.00p
16:55 25/01/22
-0.37%
-0.25p
London-listed lithium company Bacanora has progressed to the final stages of talks with a number of financing and potential offtake partners for its Sonora project in Mexico.
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Bacanora noted that while negotiations were ongoing, the company intends to provide shareholders with an updated plan for the project's full funding as soon as possible.
The Sonora lithium project consists of seven mining concession areas covering approximately 100,000 hectares in the northeast of Sonora State
As of 1200 BST, Bacanora shares had collected 7.63% to 83.95p.