Bacanora Minerals

Discussion in 'Canadian Stocks Message Boards' started by Firemansam, Apr 15, 2016.

  1. Firemansam

    Firemansam Active Member

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  3. Firemansam

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  9. Firemansam

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    Batteries in the Future

    Speaking to the challenges that batteries pose in the overall equation, Elon shared how the brightest minds in history have struggled to increase the capacity and density of batteries but are basically fighting against the laws of thermodynamics … even going so far as to say that improving battery technology is one of the most difficult problems we have been faced with.

    The Tesla approach to cracking the nut of battery price equation is to centralize everything, bringing in loads of raw materials and having finished packs coming out as the products … in short, the Gigafactory. Centralizing everything maximizes economies of scale, while at the same time cutting out non-value-add transportation and warehousing, which, when talking about something as heavy as batteries and raw lithium, can add up quickly.

    You can view the full talk, discussion, and Q&A with Elon … which is one of the best discussions in the last few months … here. There is a brief intro, with Elon coming on around minute 18. It’s worth noting that the video didn’t play for me in Chrome but worked fine in Safari and Firefox (c’mon, Google, what’s up with that?!).


    Tesla’s Elon Musk hints at cheaper, smaller EV after Model 3


    shar.es/1e0VnB via @renew_economy

    NOTE: RAW MATERIALS IN ONE END BATTERIES OUT THE OTHER

    Will Bacanora just ship clay to Elon let them refine to lithium carbonate?

    . This is what we have been saying all along, now Elon says it himself.
     
  10. Firemansam

    Firemansam Active Member

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    28 April 2016

    Bacanora Minerals Ltd.

    ("Bacanora" or the "Company")


    Director Appointment and Option Grant


    BACANORA MINERALS LTD. (AIM and TSX-V: BCN), the London and Canadian listed lithium and borates company focused on Mexico, is pleased to confirm the previously announced appointment of Mark Hohnen as a Director of the Company with immediate effect (see the Company's announcement released on 27 November 2015).


    Mark Ainsworth Hohnen (aged 66) has been involved in the mineral business since the late 1970s. He has had extensive international business experience in a wide range of industries including mining and exploration, property, investment, software and agriculture. He has held a number of directorships in both public and private companies and was founding Chairman of Cape Mentelle and Cloudy Bay wines, as well as the oil and coal company Anglo Pacific Resources Plc. Mr. Hohnen was also a director of Kalahari Minerals and Extract Resources, having successfully negotiated the sale of both companies to Taurus (CGN). He remains on the board of Swakop Uranium, which is developing the world's second largest uranium mine and the largest mine development in southern Africa. He is also a director of ASX-listed Salt Lake Potash Limited.


    Set out below are details of Mr. Hohnen's current directorships and those that he has held within the last five years.

    Current Directorships

    Past Directorships (past 5 years)

    Australian Insurance Exchange Ltd

    Coronet Resources Pty Ltd

    Boss Resources Ltd

    Expendragon Pty Ltd

    Cedarvale Investments Pty Ltd

    Extract Resources Ltd

    Craton Diamonds (Propriety) Ltd

    Gin Gin Land Co Ltd

    Fernan Pty Ltd

    Hisco Pty Ltd

    Gnarabup Beach Pty Ltd

    Hohnen Investments Pty Ltd

    Halsbrook Holdings Pty Ltd

    Kalahari Minerals PLC

    Harley (WA) Pty Ltd

    Mawson West Limited

    Kumla Pty Ltd

    Mtemi Resources

    Peak Coal Pty Ltd

    North River Resources

    Salt Lake Potash Ltd

    Oakhampton Pty Ltd

    Swakop Uranium Pty

    Optimo Investments Pty Ltd

    The Vines (WA) Pty Ltd

    Pretorian Resources Ltd

    Vynben Custodian No. 2 Pty Ltd

    Wellbrook Enterprises Pty Ltd

    Vynben Custodian Pty Ltd

    West African Gold Exploration (Namibia)




    Concurrent with his appointment as a director of the Company, an aggregate of 2,000,000 options to acquire common shares in the capital of the Company have been granted to Mr. Hohnen, each such option being exercisable into one common share at a price of £0.9625 per share for a period of twenty-four months from the vesting date. Of the foregoing options, the first 1,000,000 options shall vest and become exercisable on the date that is the earlier of: (i) 12 months from Mr. Hohnen's appointment as a director of the Company; and (ii) either: (a) the entering into by the Company of an offtaker agreement with a customer that has been procured by Mr. Hohnen OR the participation by a potential offtake partner that has been procured by Mr. Hohnen in an equity financing of the Company that results in such party holding in excess of three percent (3%) of the voting shares of the Company; or (b) the provision by a potential offtake partner that has been procured by Mr. Hohnen of funding for project development as approved by the Board of Directors of the Company. The remaining 1,000,000 options shall vest and become exercisable on the date that is the earlier of: (i) 18 months from Mr. Hohnen's appointment as a director of the Company; and either: (a) the Company commences commercial production of lithium products; and (b) the Company's shares trade on the AIM Market of the London Stock Exchange at a volume weighted average price (VWAP) of not less than £1.25 for five consecutive trading days. In addition to the foregoing, Mr. Hohnen has an interest in a private company that has entered into a consultancy agreement with the Company and has been granted a further 1,000,000 options to acquire common shares in the capital of the Company, such options being exercisable at a price of £0.77 per share (for further details regarding such consultancy agreement and prior option grant, see the Company'sannouncement released on 25 January 2016).


    Mr. Hohnen also has an interest in 606,666 common shares in the capital of the Company.
     
  11. Firemansam

    Firemansam Active Member

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    http://www.lse.co.uk/share-regulato...vpf&ArticleHeadline=DirectorPDMR_Shareholding

    Bacanora, the Canadian and London listed (AIM and TSX-V: BCN) lithium exploration and development company focussed on Sonora, Mexico, announces that the Company has issued 850,000 new common shares in the Company (the "New Shares") pursuant to the exercise of options at CAN$0.50 each (27.3p).


    Application has been made for the 850,000 New Shares to be admitted to trading on AIM. Admission is expected to occur at 8.00 a.m. on 5 May 2016. The New Shares will rank pari passu with the existing Common Shares in issue. Following the issue of the new Common Shares as outlined above, there will be 98,124,353 common shares in issue. This number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.


    Directors of the Company have acquired interests in the following common shares as a result of the exercise of these options:



    common shares acquired

    Resultant interest

    Percentage of enlarged share capital

    Shane Shircliff


    500,000

    510,000

    0.52%

    Martin Vidal Torres


    250,000

    1,000,000

    1.02%
     
  12. Firemansam

    Firemansam Active Member

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