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Bacanora Lithium - Proactive Mining Capital conference

Bacanora Lithium PLC's (LON:BCN) Peter Secker presents to investors at the Proactive Mining Capital conference in London.

Fund manager M&G has recently taken its stake in Bacanora to just under 20% through a share placing at 25p.

The US$10mln proceeds will support pre-construction works at the Sonora lithium project in Mexico, which will include bulk earthworks and an upgrade to the primary access road. 

Quick facts: Bacanora Lithium Ltd

Price: 34 GBX

AIM:BCN
Market: AIM
Market Cap: £75.81 m
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Half of our equity is now held by two strong, sophisticated investors says...

Peter Secker, Bacanora Lithium PLC’s chief executive (LON:BCN) explains why M&G taking its stake in the company up to 19.9% is so important to the lithium miner. “It means almost half of our equity is now held by two strong, sophisticated investors,” he told Proactive’s Andrew...

on 29/11/19

2 min read