Today s Market View - Bacanora Lithium, Lucara Diamonds, Pasofino Gold and more.
Bacanora Lithium (LON:BCN) – Potential offer from Ganfeng
Lucara Diamonds (CVE:LUC) – Reports healthiest diamond market for 5 years
Pasofino Gold (CVE:VEIN) – C$9m equity raise
Power Metal Resources (LON:POW) – New corporate presentation
SP Angel . Morning View . Friday 07 05 21
Copper prices make new high
Good Chinese PMI data point to strengthening growth momentum
MiFID II exempt information – see disclaimer below - FCA looks to scrap MiFID research rules on small-caps in UK competitiveness drive (Investment Week)
Lucara Diamonds (CVE:LUC) – Reports healthiest diamond market for 5 years
Pasofino Gold (CVE:VEIN) – C$9m equity raise
+44 (0) 77 8855 4035 Notes to editors Bacanora Lithium Plc is an AIM-listed (ticker BCN ) lithium development company. The Company is focused on building, in collaboration with its major shareholder and offtake partner, Ganfeng Lithium (the world s largest lithium metals producer), a 35,000 tonne per annum open pit lithium carbonate operation at its flagship asset, the Sonora Lithium Project in Mexico. The Sonora Lithium Project has 8.8 million tonnes of lithium carbonate (Li
2CO
3) equivalent resources, with an approximate 250-year resource life, as detailed in its December 2017 Feasibility Study. Sonora Lithium Ltd ( SLL ) is the operational holding company for the Sonora Lithium Project and owns 100% of the La Ventana concession. The La Ventana concession accounts for 88% of the mined ore feed in the Sonora Feasibility Study which covers the initial 19 years of the project mine life. On completion of this option exercise, SLL will be
Proposed fundraise of approximately US$60 million to fully-fund the construction of Stage 1 of the Sonora Lithium Project in Mexico Bacanora Lithium plc (AIM:BCN), a lithium development company, is pleased to announce a proposed issuance of new ordinary shares in the Company ( New Ordinary Shares ) at a price of 45p per New Ordinary Share (the Placing Price ) to raise gross proceeds of approximately US$60 million, comprising (i) a placing (the Placing ) of New Ordinary Shares to eligible institutional and professional investors (the Placing Shares ), (ii) concurrent private placements of New Ordinary Shares in certain other jurisdictions and (iii) the Retail Offer (as defined below) (together the Fundraising ).
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, SINGAPORE OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT HAS NOT BEEN APPROVED BY THE LONDON STOCK EXCHANGE, NOR IS IT INTENDED THAT IT WILL BE SO APPROVED. THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION. THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 ( FSMA ) AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 779021)