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Bacanora's Peter Secker discusses Ganfeng investment and lithium outlook

Bacanora Lithium PLC's (LON:BCN) Peter Secker updates on developments for investment by Chinese firm Ganfeng.

The agreement will see Ganfeng acquire 29.99% of Bacanora for £14.4mln and 22.5% of the Sonora project for a further £7.6mln.

Bacanora will use the money from the investment on the phase stage of the initial 17,500 tonnes per annum lithium carbonate operation at Sonora in Mexico. 

Quick facts: Bacanora Lithium Ltd

Price: 32 GBX

Market: AIM
Market Cap: £70.77 m

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