Bacanora Lithium PLC's () 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.
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