Bacanora Lithium confirmed on Thursday that it is in talks with a number of potential cornerstone investors as it looks to secure $460m funding for the Sonora Lithium project in Mexico in the second quarter.
The statement follows a report on Wednesday that copper producer Southern Copper Corp is considering investing in Bacanora.
Southern Copper’s chief executive, Oscar Gonzalez, told Reutersthat company officials visited the lithium project in Sonora, although he could not remember the name of the Canadian miner he said was “trying to sell it”.
Bacanora also put out a statement on Tuesday noting the recent movement in its share price. It said at the time that were was “no unpublished price sensitive information and that unsubstantiated social media speculation should be treated as such”
Original Article: https://www.sharecast.com/news/aim-bulletin/bacanora-lithium-confirms-talks-with-investors-about-sonora-funding–3792213.html
