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Half of our equity is now held by two strong, sophisticated investors says Bacanora's Secker

Peter Secker, Bacanora Lithium PLC’s chief executive (LON:BCN) explains why M&G taking its stake in the company up to 19.9% is so important to the lithium miner.

“It means almost half of our equity is now held by two strong, sophisticated investors,” he told Proactive’s Andrew Scott.

Chinese lithium giant Ganfeng took a 29.9% stake earlier in the year and fund manager M&G wanted to rebuild its position after being diluted by that transaction, he said.

People are also beginning to understand where we are going said Secker.

“We want to be a fully integrated downstream company, not just a concentrate producer.

“Now with the support of Ganfeng and M&G we are gaining momentum.”

Quick facts: Bacanora Lithium Ltd

Price: 22 GBX

AIM:BCN
Market: AIM
Market Cap: £49.06 m
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Bacanora Lithium continuing to make good progress at Sonora despite coronavirus

Bacanora Lithium PLC's (LON:BCN) Peter Secker tells Proactive London's Andrew Scott they're continuing to make good progress on all its workstreams, in spite of the coronavirus crisis. A particular focus remains on the completion of the project engineering work. The timetable for this...

on 25/3/20

2 min read