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Bacanora Minerals boss targets switch from explorer to developer

Published: 07:22 09 Dec 2015 EST

Bacanora Minerals (CVE:BCN) chief Peter Secker says the company is focused on transitioning from an explorer to a developer of industrial minerals in Mexico with a primary focus on borates and lithium.

The Canadian-listed firm has £10mln in the bank and is working to advance its primary project, Magdalena Borate, where two blocks of concessions are host to colemanite borate mineralisation.

Meanwhile the Sonora Lithium Project consists of a series of high priority lithium clay targets that Bacanora Minerals is focused on developing.

Boron and Lithium are in high demand for new and cutting-edge technologies.

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Bacanora Lithium's (LON:BCN) Peter Secker catches up with Proactive London's Katie Pilbeam about their latest US$65m financing with Ganfeng Lithium exercising its pre-emptive rights.  The chinese giant has increased its position to 28.8% meaning that it remains BCN’s largest...

on 02/09/2021