Bacanora Energy has secured an exploration licence for the previously mined Falkenhain uranium deposit , in the German state of Saxony . The deposit is located about 5 km from Bacanora ’s Zinnwald project , which it shares 50 - 50 with SolarWorld . In 2015, the firm and its joint-venture partner Rare Earth Minerals (LON:REM) signed a conditional agreement with Tesla Motors (NASDAQ: TSLA) to supply the electric cars and energy storage products company with lithium hydroxide from the Sonora project. Bacanora ’s largest asset is the Sonora Solar project in Mexico , which has a present value of $ 1.25bn and an internal rate of return of 50 % .
Bacanora Energy has secured an exploration licence for the previously mined Falkenhain uranium deposit , in the German state of Saxony . The deposit is located about 5 km from Bacanora ’s Zinnwald project , which it shares 50 - 50 with SolarWorld . Bacanora ’s largest asset is the Sonora Solar project in Mexico , which has a present value of $ 1.25bn and an internal rate of return of 50 % .