London-listed lithium exploration and development company Bacanora Lithium CEO Peter Secker said on Wednesday that the company is in for a busy six months, as it works to finalise the funding package for its Sonora project, in Mexico, and complete a feasibility study for the Zinnwald project, in Germany.
The lithium carbonate operation at Sonora will require nearly $800-million for a phased project. Stage 1 will cost about $420-million and will produce 17 500 t/y, followed by Stage 2 that will cost $380-million, doubling capacity to 35 000 t/y of lithium carbonate.