Bacanora Lithium plc (“Bacanora” or the “Company”) Corporate Update


Bacanora Lithium plc (AIM: BCN), the London traded lithium company, announces that it remains in active discussions with the State General Reserve Fund of Oman (“SGRF”), the sovereign wealth fund of the Sultanate of Oman, to conclude the proposed US$65M Strategic Investment Agreement and Offtake Agreement for Bacanora’s flagship Sonora Lithium Project in Mexico (“Sonora”).  This follows the expiry of the original strategic investment agreement with SGRF announced on 16 July 2018, which was conditional and has reached the end of its term.

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