Aim-listed Bacanora Lithium has signed a non-binding heads of terms with China lithium producer Ganfeng for a strategic investment in both the company and its flagship Sonora lithium project, in Mexico. Completion of the strategic investment would form a major part of Bacanora’s finance package for the construction of an initial 17 500 t/y lithium carbonate operation at Sonora, the company announced on Monday.
