Bacanora Lithium (BCN LN) has announced that a new JV partnership with Ganfeng Lithium has now been signed following the earlier exercise of the option and the announcement is in line with previous statements. It takes Ganfeng’s project level interest from 22.5% to 50% along with the injection of £21.88m into the topco for 73.96m shares. The funds will advance project development and the new structure as we previously have written at the time of the option exercise substantially reduces BCN’s ob ....
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VSA Morning Miner 02/02/21
Bacanora Lithium (BCN LN) has announced that a new JV partnership with Ganfeng Lithium has now been signed following the earlier exercise of the option and the announcement is in line with previous statements. It takes Ganfeng’s project level interest from 22.5% to 50% along with the injection of £21.88m into the topco for 73.96m shares. The funds will advance project development and the new structure as we previously have written at the time of the option exercise substantially reduces BCN’s ob ....