Bacanora Announces Acquisition of 50% Interest in Strategic German Lithium Asset

February 21, 2017

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CALGARY, ALBERTA–(Marketwired – Feb. 21, 2017) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX VENTURE:BCN)(AIM:BCN), the Canadian and London listed resource developer focused on building an international lithium company, is pleased to announce that it has entered into a definitive agreement (dated February 17, 2017) to acquire a 50% interest in, and joint operational control of, the Zinnwald Lithium Project (“Zinnwald” or the “Project”) in southern Saxony, Germany from SolarWorld AG (“SolarWorld”), the largest solar panel producer in Europe. This is in line with management’s vision to become a global lithium operator focused on projects with significant value accretion potential and defined markets at both the product and geographic levels.

Category: General