Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Bacanora Lithium starts early site works at Sonora Lithium Project

% of readers think this story is Fact. Add your two cents.


Bacanora Lithium plc (LON:BCN) announced it has commenced initial site activities at the Sonora Lithium Project in Mexico.

The lithium development company said the milestone comes after last week’s US$65mln fundraise which, in combination with existing cash and the undrawn portions of its debt financing facility, will finance Bacanora’s 50% share of the capital cost required for Stage 1 of the project.

WATCH: Bacanora Lithium ‘fully financed and ready to develop the Sonora mine project’ following fundraise

The AIM-listed firm is working with partner Ganfeng Lithium, the world’s largest lithium metals producer, with scheduled production of battery grade lithium products in 2023.

It said that it has engaged a local specialist ecological services company based in Sonora to begin initial site works.

These activities will involve the rescue and removal of surface vegetation and topsoil in the area required for the construction of the lithium processing plant.

The excavated material will be stockpiled at a location adjacent to the plant site and will be stored in an approved manner in order that it can be incorporated into the future project rehabilitation schedule.

A team of 15 personnel has been deployed to site, including two ecologists, a biologist, and a forestry engineer most of whom reside locally, Bacanora said.

In addition, the Bacanora construction team has commenced the preparatory work required to upgrade the main access road to the site in preparation for providing access for heavy equipment to commence the bulk site earthworks later in the year.

The tender process for this work has commenced and is focusing on using local construction and engineering groups from the surrounding Sonora region.

Work is also currently underway to commence the tender process for the site accommodation and ancillary facilities, scheduled to be commissioned by the end of the second quarter.

The miner admitted it “has not been immune to impacts of the COVID-19 pandemic” so the timetable for the project was “slightly impacted” during 2020.

Shares rose 1% to 46.1p on Wednesday morning.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/940906/bacanora-lithium-starts-early-site-works-at-sonora-lithium-project-940906.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST


Order by Phone at 888-809-8385 or online at https://www.herbanomic.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.