Something to think about.Our clays are NON HECTORITE Meaning they dont have to be heated to 1000 degrees to release the Lithium.
We have a large discovery that drilling could prove we have at least as much tonage as Bacanora. V.BNC
There clays are HECTORITE So have to be heated.
Its expensive. They have almost double our shares outstanding
Our market cap is about $9 million dollars.
Bacanora Minerals
Market cap: $213.79 million
Flagship: Sonora Lithium Project, Mexico
Bacanora Minerals (TSXV:BCN) is developing the Sonora Lithium Project in Mexico which has an NI 43-101 resource estimate and a prefeasibility study done on it. The clay lithium deposit has an indicated resource of 4.5 million tonnes lithium carbonate equivalent (LCE) and an inferred resource of 2.7Mt LCE. Indicated grades are 3,200 ppm and 1.4% potassium. According to the PFS, Sonora would produce up to 35,000 tonnes of battery-grade lithium carbonate over a minelife of 20 years. Up to 100% of production will be sold to Hanwa, an Asian battery chemical trader. According to Bacanora CAD$17 million has been spent thus far on developing a pilot plant near Hermosillo, which has produced lithium carbonate for the past two years. Bacanora also owns a borate project that could provide cash flow as the company advances its lithium assets, which also include a lithium project in Germany. CEO Peter Secker is a mining engineering with 30 years experience including as Chief Executive of Canada Lithium Corporation. Project Manager Eric Carter has over 22 years lithium carbonate production experience with FMC in North America.