JOHANNESBURG (miningweekly.com) – The Sonara lithium project, in northern Mexico, is receiving “significant” interest from major lithium trading companies in Asia and Europe, Bacanora CEO Peter Secker reported on Tuesday.
He said that the TSX-V- and Aim-listed company had completed a number of detailed site and plant visits with potential offtake partners to facilitate and expedite lithium sample optimisation.
The company would produce offtake samples for potential end-users at the Hermosillo pilot plant. Bacanora reported that it had sufficient cash to fund a plant upgrade, which would allow for continuous operations metallurgical operations to start in January.
Secker said that Bacanora was in the process of negotiating a number of letters of intent, memoranda of understanding, draft agreements and nondisclosure agreements with potential partners.
“Discussions and negotiations with lithium off-takers and major mining companies with a lithium focus are expected to continue over the next six months, subsequent to the planned release of the NI-43-101 pre-feasibility study in the first quarter of 2016,” he stated.