Bacanora Lithium PLC shares jump after 5 year contract extension announcement

Bacanora Lithium PLC

Bacanore Lithium PLC saw a jump in share prices after announcing a 5 year contract extension with Japanese company Hanwa Corporation.

The company said: “This additional 5-year agreement will underpin the Company’s expansion strategy to bring on a Stage 2 expansion of the project to increase lithium production to 35,000 tpa.”

 

Bacanora Lithium shares jump as it announces five-year off-take contract extension with Japan’s Hanwa

http://www.proactiveinvestors.co.uk/companies/news/198173/bacanora-lithium-shares-jump-as-it-announces-five-year-off-take-contract-extension-with-japan-s-hanwa-198173.html

The AIM-listed firm said Hanwa has agreed to extend their initial lithium off-take partnership for a further 5 years at a rate of 17,500 tonnes per annum (tpa) of lithium carbonate, on the same commercial terms as the initial 5-year off-take.

read more at proactiveinvestors.co.uk

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https://stocknewstimes.com/2018/05/30/bacanora-lithium-bcn-rating-reiterated-by-canaccord-genuity.html Bacanora Lithium (LON:BCN) Stock Rating Reaffirmed by Canaccord Genuity

Canaccord Genuity restated their speculative buy rating on shares of Bacanora Lithium (LON:BCN) in a report published on Monday, May 14th. They currently have a GBX 165 ($2.21) target price on the stock.


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