Bacanora Lithium Shares Rise on Reports Southern Copper May Invest in Sonora Project
14 Março 2019 - 8:57AM
Dow Jones News
By Oliver Griffin
Bacanora Lithium PLC (BCN.LN) shares leapt Thursday after a
press report suggested that Southern Copper Corp. (SCCO.VL) was
considering an investment in a Mexican lithium project.
A story published by Reuters reported that Southern Copper CEO
Oscar Gonzalez said his company had visited a lithium project in
the Mexican state of Sonora, which is where Bacanora Lithium owns a
number of concessions.
Reuters reported that Mr. Gonzalez couldn't remember the name of
the company in Sonora.
The London-listed company didn't comment on the reports. It said
it remains focused on securing the full funding of $460 million for
the Sonora lithium project in Mexico in the second quarter of 2019
and is in discussions with a number of potential cornerstone
investors as part of that process.
Shares at 1118 GMT were up 33% at 23.25 pence.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
March 14, 2019 07:42 ET (11:42 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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