http://www.juniorminingnetwork.com/junior-miner-news/press-releases/924-tsx-venture/bcn/14504-bacanora-provides-offtaker-update.html
CALGARY, ALBERTA–(Marketwired – Dec. 8, 2015) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX VENTURE:BCN)(AIM:BCN), the Canadian and London listed company that is developing the Sonora Lithium Project (“Sonora”) in northern Mexico, advises that it is continuing to develop a number of strategic relationships with international lithium trading companies and mining companies for the sale of its lithium products, in addition to the conditional supply agreement previously announced.
The recent £8.8 million (US$13.4 million / CAD $17.8 million) private placement undertaken by the Company significantly boosted the Company’s cash reserves and ensures that more than sufficient funding is available to upgrade its pilot plant in order to allow for continuous metallurgical operations, which are scheduled to commence in January 2016. The treatment of bulk lithium samples from the Sonora mine at the Hermosillo pilot plant will produce off-take samples for potential end users in Europe, Asia and North America.