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Lithium Miner Says Market Fears Waning as Funding Hunt Resumes

  • Bacanora Lithium rose 47% on news it was looking for financing
  • Company wants to build Mexico’s first lithium mine in Sonora
Updated on

After hitting heavy resistance last year in its search to raise capital, junior miner Bacanora Lithium Plc believes the time is right to resume its hunt.

In July, the London-based company pulled a $100 million share sale designed to finance construction of Mexico’s first lithium mine. Now Bacanora’s chief executive officer says investor appetite is back following months of uncertainty over prices as well as fears of oversupply for the mineral essential to power electric vehicle batteries.