Bacanora Lithium (BCN LN) has announced the receipt of final approval from the Chinese authorities with regard to the strategic investment and partnership with Ganfeng Lithium. The company has also announced that it has now received the £21.96mn in initial funding from Ganfeng which gives the lithium major a 29.99% interest in BCN along with a 22.5% interest at the project level. Whilst we viewed the initial announcement of the planned investment in June as a highly positive event and e
14 Oct 2019
VSA Morning Miner
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VSA Morning Miner
- Published:
14 Oct 2019 -
Author:
Oliver O’Donnell -
Pages:
3
Bacanora Lithium (BCN LN) has announced the receipt of final approval from the Chinese authorities with regard to the strategic investment and partnership with Ganfeng Lithium. The company has also announced that it has now received the £21.96mn in initial funding from Ganfeng which gives the lithium major a 29.99% interest in BCN along with a 22.5% interest at the project level. Whilst we viewed the initial announcement of the planned investment in June as a highly positive event and e