Ganfeng Lithium to increase stake in Bacanora lithium project in Mexico
Published: Friday, 05 February 2021
Junior miner Bacanora Lithium has signed a new joint venture agreement with offtake partner Ganfeng Lithium after the latter exercised the option to increase its stake in the Sonora lithium project to 50%, it said on February 1.
Chinese lithium producer Ganfeng Lithium
previously owned a 22.5% stake in Bacanora’s
Sonora lithium project in the Sonora state of Mexico.
The completion of Ganfeng Lithium's investment in the Sonora
lithium project remains subject to regulatory approval in
The final outstanding approval is needed from the