Ganfeng Lithium reaches offtake agreement with Bacanora Lithium
Published: Monday, 20 May 2019
Chinese producer Ganfeng Lithium will invest in Bacanora Lithium in exchange for an offtake deal to buy 50% of the Sonora project’s total stage 1 production.
Chinese producer Ganfeng Lithium reached a non-binding heads
of terms deal with Bacanora Lithium on Monday May 20, under
which it will purchase 29.99% of Bacanora’s equity
at a cost of £14.4 million ($18.31 million) and will have
the chance to acquire 22.5% of Bacanora subsidiary Sonora
Lithium for a...