BCN.L

Bacanora Lithium
Bacanora Lithium PLC - Zinnwald Lithium fundraise
14th December 2021, 09:39
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 5891V
Bacanora Lithium PLC
14 December 2021
 

14 December 2021

Bacanora Lithium plc

("Bacanora" or the "Company")

 

Zinnwald Lithium fundraise

 

Bacanora Lithium plc (AIM: BCN), a lithium development company, is pleased to note that today Zinnwald Lithium Plc (AIM: ZNWD) ("Zinnwald") announced that it has completed a fundraise of approximately £5.8m to enable it to advance further its wholly-owned Zinnwald Lithium Project.

The announcement can be viewed in full at the link below:

https://www.londonstockexchange.com/news-article/ZNWD/result-of-placing-and-retail-offer/15249776 

Peter Secker, CEO of Bacanora, commented:

"Zinnwald has made excellent progress in 2021, including consolidating full ownership of the project, and these new funds will allow them to advance their goal of becoming a strategic supplier of lithium to the European markets."

For further information please visit www.bacanoralithium.com or contact:

Bacanora Lithium plc

Peter Secker, CEO

Janet Blas, CFO

 

info@bacanoralithium.com

Cairn Financial Advisers LLP, Nomad

Sandy Jamieson / Liam Murray

 

+44 (0) 20 7213 0880

Citigroup Global Markets, Joint Broker

Patrick Evans / Matthew Kenney /

Andrew Miller-Jones

 

+44 (0) 20 7986 4000

Canaccord Genuity, Joint Broker

James Asensio / Sam Lucas / Thomas Diehl

 

 

+44 (0) 20 7523 8000

Tavistock, Financial PR Adviser

Jos Simson / Nick Elwes / Oliver Lamb

Bacanora@tavistock.co.uk

+44 (0) 20 7920 3150

+44 (0) 77 8855 4035

 

Notes to editors

Bacanora Lithium Plc is an AIM-listed (ticker 'BCN') lithium development company. The Company is focused on building, in collaboration with its major shareholder and offtake partner, Ganfeng Lithium (the world's largest lithium metals producer), a 35,000 tonne per annum open pit lithium carbonate operation at its flagship asset, the Sonora Lithium Project in Mexico. The Sonora Lithium Project has 8.8 million tonnes of lithium carbonate (Li2CO3) equivalent resources, with an approximate 250-year resource life, as detailed in its December 2017 Feasibility Study.

Sonora Lithium Ltd ("SLL") is the operational holding company for the Sonora Lithium Project and owns 100% of the La Ventana concession. The La Ventana concession accounts for 88% of the mined ore feed in the Sonora Feasibility Study which covers the initial 19 years of the project mine life. On completion of this option exercise, SLL will be owned 50% by Bacanora and 50% by Ganfeng Lithium Co., Ltd. SLL also owns 70% of the El Sauz and Fleur concessions. 

Bacanora also owns 30.9% of Zinnwald Lithium Plc (AIM: ZNWD), which in turn owns a 100% interest in the Zinnwald Lithium Project and the Falkenhain, Altenberg and Sadisdorf Licences in southern Saxony, Germany.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCGCBDDSXBDGBS ]]>
TwitterFacebookLinkedIn