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Bacanora-NextView deal on shaky ground

Bacanora Minerals (LN:BCN) shares dropped 8% on Wednesday morning after the lithium explorer and developer implied a £31.2 million (US$43.4 million) equity and offtake deal with China’s NextView Capital was unlikely to go through.

Bacanora-NextView deal on shaky ground Bacanora-NextView deal on shaky ground Bacanora-NextView deal on shaky ground Bacanora-NextView deal on shaky ground Bacanora-NextView deal on shaky ground

Waiting to go: Bacanora was hoping NextView would take some of the Sonora lithium offtake

The company signed the agreement with NextView on December 14, shortly after the release of a feasibility study on its flagship Sonora lithium project in Mexico. This study showed a two-stage ...