Bacanora Provides Sonora Lithium Project Update

http://www.stockhouse.com/news/press-releases/2016/11/10/bacanora-provides-sonora-lithium-project-update

CALGARY, ALBERTA–(Marketwired – Nov. 10, 2016) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX VENTURE:BCN)(AIM:BCN), the Canadian and London listed lithium company developing the Sonora Lithium Project1 (“Project”) in northern state of Sonora, Mexico, is pleased to provide an update on activities being undertaken as part of the Company’s upcoming definitive Feasibility Study (“FS”).

The FS is aimed at establishing the Company’s production plan for a 35,000 (“tpa”) lithium carbonate operation at the Project (production is contemplated to ramp up following an initial phase of producing 17,500 tpa). The Company’s strategy is to position itself to satisfy continued growth for lithium carbonate in the fast growing sectors of electric vehicles and energy storage. The FS is targeted for completion in late Q1, 2017 and the Company is fully financed through this process.

 

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