Bacanora Lithium (BCN LN) # released interim results for 2019 which highlight a prudent year in terms of spending given the focus on securing the landmark deal announced with Ganfeng Lithium. The agreement was executed in October 2019 following approval from the relevant Chinese authorities. Given this focus corporate spending was significantly reduced in 2019 with an operating loss of US$3.2m versus US$7.99m in 2018. With the drawdown on the Red Kite facility having commenced interest cost w
10 Mar 2020
Interim Results
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Interim Results
- Published:
10 Mar 2020 -
Author:
Oliver O’Donnell -
Pages:
14
Bacanora Lithium (BCN LN) # released interim results for 2019 which highlight a prudent year in terms of spending given the focus on securing the landmark deal announced with Ganfeng Lithium. The agreement was executed in October 2019 following approval from the relevant Chinese authorities. Given this focus corporate spending was significantly reduced in 2019 with an operating loss of US$3.2m versus US$7.99m in 2018. With the drawdown on the Red Kite facility having commenced interest cost w