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bacanora minerals ltd (BCN) Snapshot

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07/28/14 - C$1.61
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bacanora minerals ltd (BCN) Details

Bacanora Minerals Ltd., a development stage company, engages in the identification, acquisition, exploration, and development of industrial mineral properties in Mexico. It has 100% interests in the Magdalena Borate Project that consists of 2 concession blocks covering a total of 15,508 hectares and is located in Sonora State; and the Sonora Lithium project, which comprises four separate concession blocks covering an area of 4,050 hectares and is located in Sonora State. The company is headquartered in Calgary, Canada.

bacanora minerals ltd (BCN) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: --
President and Director
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Chief Financial Officer, Corporate Secretary,...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

bacanora minerals ltd (BCN) Key Developments

Bacanora Minerals Limited to Appoint David Lenigas to Board

Rare Earth Minerals Plc reported that, on 11 February 2015, it served notice on the board of Bacanora Minerals Limited to requisition a meeting of Bacanora's shareholders to consider and vote on a single resolution to appoint REM's Chairman David Lenigas to the Bacanora board. Additional information, including information regarding Mr. David Lenigas, the nominee of REM to the Bacanora board of directors, will be contained in an information circular prepared by on or behalf of REM and mailed to Bacanora shareholders in advance of the requisitioned meeting or as otherwise permitted by law.

Bacanora Minerals Ltd. Receives Drilling Results from All of 24 Reverse Circulation Drill Holes Completed on Southern Half of Buenavista Concession

Bacanora Minerals Ltd. announced that it has received drilling results from all of the 24 reverse circulation drill holes that were completed on the southern half of the Buenavista concession in December. The Buenavista concession forms part of the lands held by Megalit S.A. de C.V. which is 70% owned by Bacanora and 30% owned by Rare Earth Minerals PLC. Megalit is part of the Sonora lithium project. Highlights of the drill program are as follows: three kilometres of strike length of the lithium-bearing clays on the southern half of the concession were tested. The three kilometres on the northern half of the concession, as well as portions of the strata that continue onto the adjoining Megalit concession, remain untested; significant lithium values (i.e. greater than 1,000 ppm Li) were found in 13 of the 24 holes; of those 13 holes, 11 reported significant thicknesses and grades of lithium-bearing clays, as tabulated below; lithium values of individual 1.0 metre samples, within the significant intervals, range from 336 to 2,210 ppm Li; and the lithium-bearing clays crop out at surface and dip gently to the east, providing a target for potential low strip ratio, open pit mining of the clays.

Bacanora Minerals Ltd. Reports Earnings Results for the First Quarter Ended September 30, 2014

Bacanora Minerals Ltd. reported earnings results for the first quarter ended September 30, 2014. The company has reported CAD 0.01 loss per share, for the first quarter ended September 30, 2014, compared to CAD 0.01 loss per share, for the same quarter ended September 30, 2013. Revenue for the first quarter ended September 30, 2014 was CAD 489,000 compared to CAD 429,000 for the same quarter ended September 30, 2013. Loss before tax for the first quarter ended September 30, 2014 was CAD 537,000 compared to a loss before tax of CAD 438,000 for the same quarter ended September 30, 2013.


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