Currently viewing Global edition

Bacanora drops $100M equity raise

Bacanora Lithium has pulled an unpopular US$100 million private placement just days after announcing it.

Bacanora drops $100M equity raise Bacanora drops $100M equity raise Bacanora drops $100M equity raise Bacanora drops $100M equity raise Bacanora drops $100M equity raise

Bacanora's pilot plant at Sonora in Mexico

The funds raised would have gone to the Sonora clay lithium project in Mexico.

The company said "current volatility in global commodities markets" had caused it to call off the placement, which was