Bacanora Lithium plc (AIM: BCN), the London traded lithium company, is pleased to announce the signing of a non-binding Heads of Terms for a strategic investment in both Bacanora and its flagship Sonora Lithium Project (“Sonora” or “Sonora Project”) in Mexico (“the Strategic Investment”) by Ganfeng, the world’s largest lithium metals producer in terms of production capacity and the world’s third largest lithium compounds producer. Completion of the Strategic Investment would form a major part of the Company’s finance package for the construction of an initial 17,500 tonnes per annum (“tpa”) lithium carbonate (“Li2CO3“) operation at the large scale, high grade Sonora Project. The Company will be hosting a shareholder conference call on Tuesday 21 May 2019 at 11am (GMT) to discuss the proposed Strategic Investment. Details of the call can be found below.