Bacanora announces that the TSX Venture Exchange has approved the previously announced (see Bacanora's press release of January 10, 2013) proposed issuance of an aggregate of 192,000 common shares at a price of $0.25 per share to James Leahy, a director of the Corporation. Accordingly, such shares have been issued in payment of services rendered under a consulting agreement pursuant to which Mr. Leahy has provided various [...]
Bacanora today reported that the Company is proposing a revised private placement financing for aggregate gross proceeds of up to $3,500,000 of units of the Company at a price of $0.30 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant being exercisable into one common share at a price of $0.45 for a period of five (5) years. Pursuant to press [...]
Bacanora is pleased to announce the terms of a proposed private placement financing for aggregate gross proceeds of up to $3,500,000 of units of the Corporation at a price of $0.30 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant being exercisable into one common share at a price of $0.45 for a period of four (4) years.
Bacanora is pleased to announce it has executed a farm-in agreement with Rare Earth Minerals, a London Stock Exchange listed company, to participate in drilling and project evaluation of the El Sauz and Fleur Lithium concessions in northern Mexico. El Sauz and Fleur are adjacent to and along strike from the La Ventana concession. The Company's latest inferred lithium resource estimate for Ventana (see Bacanora's [...]
Bacanora is pleased to announce the results of a positive Preliminary Economic Assessment on the Company's La Ventana Lithium Deposit in Sonora, Mexico. In addition, Company announces the disclosure of new inferred lithium resources, which are estimated at 16,829,000 tonnes averaging 2,557 ppm Li (1.3% Lithium Carbonate Equivalent, "LCE"(1)), bringing the total for estimated inferred resources for the Project to 60 [...]
Bacanora announces the issuance of an aggregate of 192,000 common shares at a price of $0.25 per share to James Leahy, a director of the Corporation. The foregoing shares are being issued in payment of services rendered under a consulting agreement pursuant to which Mr. Leahy has provided various corporate financial advisory services to Bacanora. The foregoing consulting services have been recorded and disclosed in the [...]
Bacanora is pleased to announce the completion and filing of its previously announced PEA on the Company's Cajon Borate deposit in Sonora. The PEA has been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects and is entitled, Preliminary Economic Assessment for the El Cajon Borate Deposit, Magdalena Basin Project, Sonora, Mexico (Pursuant to National Instrument 43-101 of [...]
Bacanora announces a correction to the Internal Rate of Return calculation reported in connection with its announcement of the results of its PEA on the Company's Cajon Borate deposit in Sonora, Mexico. On Friday, January 4, 2013, Bacanora issued a press release announcing the PEA with a Net Present Value ("NPV") for the Cajon project of $US113 million, discounted at 8%. In that announcement, the Company erroneously [...]
Bacanora is pleased to announce the results of a PEA on the Company's Cajon Borate deposit in Sonora, Mexico. Highlights of the PEA for a potential colemanite mine and production facility with a mining rate of 231,100 tonnes averaging 10.5% B2O3 per annum to yield 50,000 tonnes of 40-42% colemanite concentrate per year over a 25 year mine life suggest annual revenue of $US25 million for an IRR of 248.5% with a 4 year pay [...]
Bacanora announces that it has made application to the TSX Venture Exchange to extend the term of all outstanding share purchase warrants from eighteen (18) months to thirty (30) months from the date of issuance in accordance with Exchange policies. The Warrants that are the subject of the extension application consist of an aggregate of 7,056,880 Warrants, each with an exercise price of $0.80 per Warrant, which were [...]
Bacanora announces the grant of an aggregate of 150,000 options to acquire common shares in the capital of Bacanora at a price of $0.25 to three employees of the Corporation. Such options (and the common shares exercisable upon exercise) are exercisable for a period of 5 years from the date of grant and will be subject to applicable securities law hold periods.
Bacanora is pleased to announce the completion and filing of an NI 43-101 Technical Report in respect of its Sonora Lithium Project in Sonora, Mexico with a total inferred resource of 43,324,000 tonnes bearing an average grade of 3,005 Li ppm or 1.6% Lithium Carbonate Equivalent ("LCE") for 712,000 tonnes of LCE(1). Paul Conroy, President and CEO of Bacanora, states: "We are extremely pleased with the initial lithium [...]
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