http://web.tmxmoney.com/quote.php?qm_symbol=BCN PFS Due this month sometime. http://www.bacanoraminerals.com/projects/sonora-lithium-project/ Bacanora Minerals is an AIM and TSX listed company focused on becoming a large scale supplier to the fast growing global lithium-ion battery market. Thanks to soaring demand from cutting edge industries such as electric vehicles and energy storage, demand for battery grade lithium is forecast to grow strongly in the short to medium term which is expected to drive the market up from $17.5 billion to $70 billion by 2020. With this in mind, the Company is rapidly commercialising the world class Sonora Lithium Project in Mexico which benefits from a large, scalable and high grade lithium resource NI 43-101 Indicated Resource. A PFS has been completed which highlight the attractive economics of producing up to 35,000 tonnes per annum of battery grade Li2CO3 at Sonora and estimates a pre-tax Internal Rate of Return ('IRR') of 29% (post tax 25%) and an associated Net Present Value ('NPV') of US$776M, (8% discount rate). CAD$13.7 million has been invested to date both on exploration and on the development of a pilot plant in nearby Hermosillo. The Company owns the Magdalena Borate Project, also in Mexico, which has the potential to provide near term cash flow to the Company as it advances its lithium asset.
Peter Secker, CEO of Bacanora, commented, "With a Pre-Tax NPV of US$776M and an IRR of 29%, the PFS supports that Sonora is well placed to become one of the next major lithium producers, supplying fast growing industries, such as electric vehicles, smartphones, and energy storage. The next key step in the development of Sonora is a Feasibility Study, which is fully funded and expected to be completed in Q1 2017." "In tandem with the FS, we will be seeking additional offtake partners for Sonora's lithium carbonate, which will represent a major milestone as we focus on commercialising the project. With recent lithium price increases in the Asian market we believe that Sonora is a highly compelling project with which to generate value for shareholders. I look forward to providing further updates on our progress as we focus on transforming Bacanora from an exploration and development company into the next significant producer of lithium carbonate."
Tesla (TSLA) Enters Lithium Supply Deal With Bacanora Minerals and Rare Earth Minerals By Madeleine JohnsonAug 28, 2015 1:04 PM Announced Friday, Tesla Motors Inc (TSLA) and the “Sonora Lithium Project Partners,” a joint venture between mining company Bacanora Minerals Ltd and investment company Rare Earth Minerals Plc, ( REMMY ONTHE OTC MARKET-SEE REMMY IN PENNY STOCKS) have secured a conditional long-term lithium hydroxide supply agreement. Bacanora Minerals and REM have coveted rights to land in northern Mexico, where lithium is found in mineral-rich clay. With Tesla’s “Gigafactory” (its $5 billion battery factory) under construction near Reno, Nevada, this deal gives the electric car maker an important base ingredient used in the production of the lithium-ion batteries in its vehicles. And, the agreement allows Tesla access to below-market-rate lithium I exchange for minimum purchase quantities over a five year period. Rare Earth Minerals’ executive chairman, David Lenigas, said that "the selection of the Sonora Lithium Project as one of the lithium suppliers to the Tesla Gigafactory is a landmark transaction that will support the development and commercialization of the Sonora Lithium Project. This key supply agreement with Tesla will hopefully be the first of a number of potential lithium off-take partners for the Sonora Lithium Project as we move towards the next stages of project development." Combined, the mine and processing facility has an initial expected capacity of 35,000 tons of lithium, with potential expansion to 50,000 tons.
http://www.investorx.ca/search/00027876/bacanora-minerals-ltd http://www.investorx.ca/Doc/6DKDB04WVBB/2016/04/15/bacanora-minerals-ltd/news-release-english REMMY's Investment BACANORA release update on Sonora
REMMY's Investment Bacanora press release http://www.investorx.ca/Doc/6DKDB04WVBB/2016/04/15/bacanora-minerals-ltd/news-release-english Overview o Discussions are continuing with various Asian offtake partners, banks, debt providers and strategic investors. Bacanora is focused on developing a project financing strategy as well as producing further battery grade lithium carbonate samples for distribution to potential partners in Asia, in Q3 2016 o Extensive trenching of the deposit undertaken - over 80 tonnes of mineralized material extracted for processing at Bacanora's pilot plant in Hermosillo and at external facilities o Bacanora plans to have offtake and project financing strategies finalized as part of the completion of the Feasibility Study ("FS") in Q1 2017 FS, for which Bacanora is fully funded, has commenced with the following activities undertaken: o Drilling contractor is being mobilized to undertake infill reserve drilling - scheduled for Q2 2016 and intended for completion in Q3 2016 o Process commenced to appoint international engineering and technical consultants to undertake the geological resource modelling, metallurgical testwork, mine designs and process engineering o Process commenced to recruit additional technical personnel with lithium development and operating expertise Amended MRE incorporates results from metallurgical testwork conducted in Q1 2016 which highlighted that a potassium product can be recovered as a by-product o Following this testwork, SRK Consulting (UK) Limited ("SRK") interpolated grades of potassium ("K") into the block model o Amended MRE being reported using a cut-off grade of 1,000 ppm lithium (previously 450 ppm), which is confined to a resource pit shell based on updated reasonable optimisation parameters and lithium selling prices, reflecting economic parameters contained within the PFS o Amended MRE comprises an Indicated Mineral Resource estimated at 259 Mt averaging 3,200 ppm Li for 4.5 Mt of LCE2 , in addition to an Inferred Mineral Resource estimated at 160 Mt averaging 3,200 ppm Li for 2.7 Mt of LCE o Amended MRE does not impact the attractive economics highlighted in the PFS, which are based on unchanged Probable Mineral Reserves estimates
http://finance.yahoo.com/news/bacanora-minerals-announces-sonora-lithium-204012095.html Good summary of news release from Bacanora
http://www.juniorminingnetwork.com/...dy-and-amended-mineral-resource-estimate.html More detailed info on PFS
http://www.newsmovingmarkets.com/20...hium-market-could-triple-in-size-by-2025.html Lithium Market Could Triple In Size By 2025: Goldman Sachs Demand for lithium—the hottest commodity on the planet and the only commodity to show positive price movement in 2015—is poised to continue on its upward trajectory, becoming the world's new gasoline and earning the moniker of "White Petroleum". And the battle for market share in and around this commodity has everyone from major tech players to trend-setting investor gurus vying for a foothold.
http://www.smallcapnetwork.com/Curr...es-EV/s/via/45752/article/view/p/mid/1/id/52/ Currently in talks to mine more lithium material for CEO Elon Musk’s fleet of electric vehicles (EV).
RNS out from Bacanora http://www.lse.co.uk/share-regulato...cleHeadline=Filing_of_PFS_and_Project_Updates
http://www.proactiveinvestors.com/c...ico-project-making-rapid-progress-124882.html Bacanora Sonora project
http://www.4-traders.com/ALIX-RESOU...EMENT-WORK-PROGRAM-COMMENCING-ON-TH-22194211/ Next door to Bacanora
http://cleantechnica.com/2016/03/15/worlds-first-100-renewable-grid/ This is where the demand for lithium is going to explode. No more nuclear, coal, gas powered stations. Solar, wind, PV's And Bacanora is sitting on the world's largest lithium clay reserve, in production 17/18
http://www.oyetimes.com/technology/93560-lithium-war-heats-up-after-epic-launch-of-tesla-model-3 Lithium war heats up
http://www.cnbc.com/2016/04/20/this-new-gasoline-could-burn-eager-investors.html The world is changing faster than you think. Bacanora's Sonora can supply the world's lithium in about 12 months and is fully funded to bfs
Sonora now compared to Shell https://uk.finance.yahoo.com/news/rare-earth-minerals-plc-superior-101431456.html
