The Sonora Lithium Project will have production capacity of 35,000tpa. Credit: Dnn87/Wikipedia.

Bacanora Lithium, together with its partner Ganfeng Lithium, has commenced initial site activities at the Sonora Lithium Project located in Mexico.

Located approximately 11km from the town of Bacadehuachi and 170km from the US-Mexico border, the Sonora open-pit strip mine is planned to be developed in two stages.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The company plans to use its $65m recent fundraise as well as the existing cash and the undrawn portions of its debt financing facility to finance its 50% share of the development cost for stage 1 of the Sonora Lithium Project.

With the production of battery-grade lithium products planned to start in 2023, Stage 1 of the project will have an annual production capacity of approximately 17,500t of lithium carbonate.

Stage 2 will increase the production capacity of the mine to 35,000tpa.

Bacanora CEO Peter Secker said: “This milestone cements Bacanora’s transition into a mine-development company as it looks to fulfil its ambition of becoming a lithium producer in 2023.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“I look forward to updating the market with further positive progress reports as we build the Sonora Lithium Project in conjunction with our strategic investor and project partner, Ganfeng.”

Bacanora said its construction team has started preparatory work required to upgrade the main access road to the mining site.

The company is also planning to undertake a tender process to deliver the site accommodation and ancillary facilities with commissioning planned by the end of the second quarter of this year.

Recently, Ganfeng Lithium exercised its option to increase its stake in Sonora Lithium project from current 22.5% to 50%.