World > Central-south-america

Bacanora dips

Investors were unenthused as Japanese battery chemicals trader Hanwa Co confirmed it would buy up to 100% of the lithium carbonate produced from Bacanora Minerals’ (LN:BCN) planned Sonora project in Mexico.

World > Central-south-america

Bacanora dips

Investors were unenthused as Japanese battery chemicals trader Hanwa Co confirmed it would buy up to 100% of the lithium carbonate produced from Bacanora Minerals’ (LN:BCN) planned Sonora project in Mexico.

Bacanora dips

Bacanora hopes the Hanwa deal will turn the funding tap on

Hanwa has taken a 10% stake in Bacanora through a private placement of 12.3 million shares at 82.5p, worth £10.2 million (US$13.2 million).