Ganfeng Lithium reaches offtake agreement with Bacanora Lithium

By Martim Facada
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...

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