After hitting heavy resistance last year in its search to raise capital, junior miner Bacanora Lithium Plc believes the time is right to resume its hunt.
In July, the London-based company pulled a $100-million share sale designed to finance construction of Mexico’s first lithium mine. Now Bacanora’s chief executive officer says investor appetite is back following months of uncertainty over prices as well as fears of oversupply for the mineral essential to power electric vehicle batteries.