Peter talks about the last RNS update on the Sonora Lithium Project in Mexico ('Sonora' or the 'Project') as it prepares to commence construction of a fully integrated lithium carbonate operation, beginning with Stage 1 construction of a 17,500 tpa plant before upgrading to 35,000 tpa via a planned Stage 2 expansion project.
Hanwa Corporation ('Hanwa') of Japan has agreed in principle to extend their initial lithium off-take partnership for a further 5 years at a rate of 17,500 tpa of lithium carbonate, on the same commercial terms as the initial 5 year off-take
We ask about Hanwa of Japan agreed in principle to extend the initial Lithium off-take partnership for a further 5 years and ask if BCN is looking to expansion strategy stage 2 to increase Lithium production?
What future growth will the company see giving the expansion of Lithium demand from Asia and China?
What message would you send to shareholders as the company moves forward in 2018?
Bacanora Lithium is a London listed lithium exploration and development company (AIM: BCN). The Company is exploring for, and developing a pipeline of international lithium projects, with a primary focus on its Sonora Lithium Project. The Company's operations are based in Hermosillo in northern Mexico. The Company is led by a team with lithium expertise and proven mine development, construction and operations experience.