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BCN Bacanora Lithium Plc

67.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bacanora Lithium Plc LSE:BCN London Ordinary Share GB00BD20C246 ORDS 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 67.00 67.00 67.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Bacanora Lithium Shares Rise on Reports Southern Copper May Invest in Sonora Project

14/03/2019 11:57am

Dow Jones News


Bacanora Lithium (LSE:BCN)
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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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