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