Bacanora Lithium plc (AIM: BCN), the London traded lithium company, notes recent press speculation and today’s share price movement.
Bacanora confirms that it remains focused on securing the full funding of US$460 million for the Sonora Lithium Project in Mexico in Q2 2019 and is in discussions with a number of potential cornerstone investors as part of the fundraising process.
These discussions are ongoing and the Company will provide an update to the market as appropriate.
Southern Copper eyes lithium project in Mexico: UpdateÂ
“Junior miner Bacanora Lithium Plc, said earlier this month that it owned 10 lithium concessions in Sonora and was focused on securing funding this year to start production in 2021. The company was headquartered in Canada before it moved to London last year.
Bacanora did not respond to requests for comment outside of working hours in London. A spokesman for Phoenix-based Southern Copper, which is controlled by Grupo Mexico, said he could not confirm if Bacanora was the firm Gonzalez referred to.”
