Bacanora Lithium (BCN LN) announced late on Friday that it had signed an Investment Agreement and Offtake Agreement with Ganfeng Lithium in line with the terms previously announced. The agreement remains subject to final government approval in China, however, we believe that given Ganfeng’s previous track record in executing overseas transactions that there is only limited risk that this would now not be approved. Timing for completion is guided to the end of July 2019 and will mark a m

01 Jul 2019
VSA Morning Miner

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
VSA Morning Miner
- Published:
01 Jul 2019 -
Author:
Oliver O’Donnell -
Pages:
3 -
Bacanora Lithium (BCN LN) announced late on Friday that it had signed an Investment Agreement and Offtake Agreement with Ganfeng Lithium in line with the terms previously announced. The agreement remains subject to final government approval in China, however, we believe that given Ganfeng’s previous track record in executing overseas transactions that there is only limited risk that this would now not be approved. Timing for completion is guided to the end of July 2019 and will mark a m