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Ganfeng considers Bacanora take out

Bacanora Lithium says it has entered into an agreement with Ganfeng Lithium regarding a possible cash offer by the China-based player for all the shares of Bacanora it does not already own.

Paul Harris
Bacanora Lithium's Sonora project in Mexico

Bacanora Lithium's Sonora project in Mexico

The offer price is at 67.5 pence per share, a 50% premium to Bacanora's closing price on May 5. Ganfeng must make a firm offer by June 3. Bacanora and Ganfeng each hold 50% of Sonora Lithium, the...

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