Bacanora still in discussions with Oman fund for Sonora investment

Aim-listed Bacanora Lithium’s share price was dented on Monday by the news that it has not yet concluded a previously announced investment agreement with the sovereign wealth fund of Oman. The company stated that the agreement with the State General Reserve Fund of Oman, which entails a proposed $65-million strategic investment and offtake for the Sonora project, had expired, but stressed that it was in “active discussions” to conclude the agreement.