02
Feb
16:54
LITHIUM: Ganfeng increases stake in Mexico’s Sonora project
UK-based lithium exploration company Bacanora Lithium has agreed to a new joint venture deal with China’s Ganfeng Lithium, under which they will develop the Sonora Lithium Project on an equal basis.
The London-listed firm said its cornerstone investor and offtake partner Ganfeng will increase its stake in Sonora Lithium Ltd (SLL) – the operational holding company for the lithium project in Mexico. Ganfeng will pay SLL £21.88 million ($29.85m) to…
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