Day: June 28, 2019

Canasil CEO, Bahman Yamini, commented: ‘We are pleased to have concluded the sale of Canasil’s interest in Sandra-Escobar to Pan American. This arrangement provides significant non-dilutive funding to maintain and advance our project portfolio, which includes drill ready high grade silver-gold-base metal projects in Mexico and prospective gold-copper exploration projects in British Columbia, Canada. In addition to the cash payment Canasil will retain exposure to the upside potential of the Sandra-Escobar project through the retained NSR Interest.’

Peter Secker, CEO, of Bacanora Lithium, commented: ‘The signature of these agreements with Ganfeng is another significant milestone in the development of the Sonora project. Ganfeng’s operational expertise and industrial credibility is a strong endorsement of the Sonora Project’s potential to break the lithium industry’s current supply duopoly of hard-rock and brine, and combine the speed of production of the first with the low operational cost per tonne of the second.’