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Bacanora Minerals boss targets switch from explorer to developer

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.

Quick facts: Bacanora Lithium Ltd

Price: 21.25 GBX

AIM:BCN
Market: AIM
Market Cap: £47.38 m
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Bacanora CEO: Lithium becoming an everyday commodity

Peter Secker, chief executive of Bacanora Minerals Ltd's (LON:BCN, CVE:BCN) says the market for lithium could double over the next decade, in tandem with the rise of renewable energy. Lithium batteries store energy from renewable energy sources, such as solar and wind, and Secker says...

on 05/31/2016

2 min read