Bacanora Lithium (BCN LN) has provided an update in relation to the previously announced investment by Ganfeng Lithium. Following the receipt of the first of three approvals the company has now confirmed that the second has been processed by the National Development and Reform Commission (NDRC) and received by Ganfeng. The final approval from the State Administration of Foreign Exchange (SAFE) is expected to be received following a Ganfeng Board Meeting due to be held in the coming weeks.
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VSA Morning Miner
- Published:
20 Aug 2019 -
Author:
Oliver O’Donnell -
Pages:
3
Bacanora Lithium (BCN LN) has provided an update in relation to the previously announced investment by Ganfeng Lithium. Following the receipt of the first of three approvals the company has now confirmed that the second has been processed by the National Development and Reform Commission (NDRC) and received by Ganfeng. The final approval from the State Administration of Foreign Exchange (SAFE) is expected to be received following a Ganfeng Board Meeting due to be held in the coming weeks.