Ganfeng Lithium to increase stake in Bacanora lithium project in Mexico

By Dalila Ouerghi
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 China.

The final outstanding approval is needed from the Chinese...

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