Bacanora Establishes Strategic Long-Term Partnership with Hanwa

CALGARY, ALBERTA–(Marketwired – April 10, 2017) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX VENTURE:BCN)(AIM:BCN), the Canadian and London listed lithium exploration and development company focused on building an international lithium group, is delighted to announce that it has entered into a strategic partnership (the “Agreement”) with Hanwa Co., LTD. (“Hanwa”), a leading Japan-based global trading company and one of the larger traders of battery chemicals in the Asian region, with reported net sales of more than ¥1,500 billion in 2016.

The Agreement is comprised of both an initial 10% equity investment in Bacanora and an Off-take Agreement for up to 100% of the battery grade lithium carbonate (“Li2CO3“) produced at the Sonora Lithium Project (“Sonora” or the “Project”). The Company is targeting to produce 17,500 tonnes of Li2CO3 per annum (“Stage 1”), commencing in 2019. After two years of producing at this level, the Company plans to lift production to 35,000 tonnes per annum (“Stage 2”)1.

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