Bacanora Provides Sonora Lithium Project Update

BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX-V: BCN and AIM: BCN), the Canadian and London listed lithium exploration and development company, is pleased to provide an update on its flagship Sonora Project (“Sonora”) in Mexico, one of the world’s larger lithium resources, where the Feasibility Study (“FS”) for a 35,000 tpa lithium carbonate (“Li2CO3”) operation is scheduled for completion in late 2017.  Li2CO3 is a key component of battery technology used in rapidly-growing industries such as electric vehicles and energy storage.  Bacanora is focused on its continuing objective of becoming a significant large-scale supplier to these emerging industries and is targeting first production at Sonora in 2019/2020.
As quoted in the press release:

Bacanora CEO Peter Secker said, “The FS at Sonora is scheduled for completion by the end of the year.  In anticipation of this and assisted by our strategic partner Hanwa, discussions are already underway with long term debt providers with regards to funding the construction of what we believe will be a world class lithium operation in Sonora.  This is to allow us to commence the estimated 18 month build programme, subject to final Board approval, as we look to capitalise on the anticipated need for new battery grade supplies of lithium carbonate to come on stream to satisfy an expected step-up in demand from fast growing industries, such as electric vehicles and energy storage.”

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