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Bacanora Lithium PLC

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Market:
Unlisted (UK)
Price
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Market Cap:
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52 weeks high
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52 weeks low
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In brief

Bacanora Lithium PLC is focused on building a 35,000 tonnes per annum battery-grade lithium operation in Sonora, Mexico in partnership with its cornerstone investor Ganfeng Lithium.

The Sonora Lithium Project has 8.8 Mt of LCE (lithium carbonate equivalent) resources and open-pit mining potential with ~250-year resource life.

Bacanora has completed a feasibility study for Sonora which has highlighted an NPV of US$1.25B and 26% IRR.

Snapshot

  • Bacanora to hand out Zinnwald shares after takeover goes unconditional
  • Bacanora Lithium 'fully financed and ready to develop the Sonora mine project' following fundraise