Other NewsInteresting to see Bacanora sign an agreement wiht Ganfeng. Their Sonora mine is set to produce 17500 tonnes of Li per year.
Indicated resources of 5million of Li carbonate equivalent and 3.7M inferred.
They will need to raise $300million for the plant which costs $420Million with a production start date of early 2022.
They have the option of buying 50% of produced lithium at market price.
Ganfeng also has a deal in place with LAC.
Pretty interesting and exciting to see this type of agreement. They are paying big money, just to secure the rights to buy lithium at market. Could we expect similar scenarios with CYP?
https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/bacanora-lithium-jumps-ganfeng-strategic-deal/?mqsc=E4093854
cheers,
NB