Lithium exploration and development company Baconora has expressed its confidence in the Zinnwald project, in Germany, after its 50% partner, SolarWorld AG, announced its intention to file for bankruptcy protection.
TSX-V and Aim-listed Baconora in February signed an agreement with SolarWorld to acquire a 50% interest in the Zinnwald project for €5-million in cash and an undertaking to spend another €5-million towards the cost of competing a feasibility study.
