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Company History

Key milestones
that have helped shape
Bacanora Lithium



  • 2021
    • March

      Completion of increased investment in Sonora Lithium Ltd to 50% by Ganfeng

    • February

      Commencement of early site works at the Sonora Project

      Ganfeng exercises its pre-emptive right to increase its holding in Bacanora Lithium

      Bacanora completes placing and retail offer

      Ganfeng signs new joint venture agreement with Bacanora in connection with the Sonora Project

  • 2020
    • November

      Ganfeng exercises option to increase investment in Sonora Lithium Ltd to 50%

    • October

      Bacanora sold its 50%
      interest in the Zinnwald
      Lithium Project in exchange for a 44% shareholding in Zinnwald Lithium plc (formerly Erris
      Resources plc) and a net profit royalty

  • 2019
    • November

      M&G increased its shareholding to 19.9%

    • October

      Ganfeng Lithium
      became a 29.9% shareholder in Bacanora, a 22.5% shareholder at the Sonora project level, and signed a 50% lithium
      off-take agreement

    • June

      Publication of the Zinnwald Project Bankable Feasibility Study

  • 2018
    • November

      Citibank appointed as
      joint company broker

    • July

      Signed a $150M debt financing with RK Mine Finance

    • March

      Redomicile to the UK via creation of Bacanora Lithium plc and sole listing on AIM

    • January

      Publication of the Sonora Project Bankable Feasibility Study

  • 2017
    • May

      Hanwa Corporation became 10% shareholder and completed off-take agreement

    • February

      Acquired 50% of Deutsche Lithium, owner of Zinnwald Project in Germany

  • 2016
    • May

      Blackrock became a significant shareholder

    • April

      Publication of the
      Sonora Project
      Pre-Feasibility Study

  • 2015
    • November

      M&G became the first major institutional shareholder

  • 2014
    • July

      Completion of dual listing on the London AIM exchange

  • 2013
    • January

      Preliminary Economic
      Assessment completed
      on the La Ventana deposit

  • 2010
    • August

      Acquisition of the Group’s initial 4 lithium licenses, including La Ventana deposit

    • April

      Bacanora completed the
      Qualifying Transaction and became a Tier 2 issuer on the TSX-V

  • 2009
    • May

      Bacanora Minerals Ltd listed on TSX-V as shell company and in July 2009 announced terms of its Qualifying Transaction to acquire various Borates licenses