Who we are

Bacanora Minerals is an AIM and TSX listed company focused on becoming a large scale producer of battery grade lithium carbonate

With the global lithium-ion battery market expected to soar from $17.5 billion to $70 billion by 2020, the demand for lithium is set to increase dramatically in the short to medium term. This is predominantly being driven by the automotive industry although renewable battery storage technology will also play a significant part in this growth. To this end, the Company is rapidly commercialising the world class Sonora Lithium Project in Mexico which benefits from a large, scalable and high grade lithium resource NI 43-101 Indicated Resource. A PFS has been completed, highlights the attractive economics of producing up to 35,000 tonnes per annum of battery grade Li2CO3 at Sonora and estimates a pre-tax Internal Rate of Return (‘IRR’) of 29% (post tax 25%) and an associated Net Present Value (‘NPV’) of US$776M, (8% discount rate).

IMG 5355

CAD$17 million has been invested to date both on exploration and on the development of a pilot plant near Hermosillo, which has produced high quality lithium carbonate during ongoing testwork conducted over 24 months. This is a key differentiator and positions the Company favourably in comparison to its peers ahead of off-take discussions. The Company also owns the Magdalena Borate Project, also in Mexico, which has the potential to provide near term cash flow to the Company as itadvances its lithium asset.

Bacanora boasts a highly experienced Board and management team, strengthened by the appointment of Peter Secker who negotiated the first large scale, long term lithium off-take with a Chinese SOE.