The commodity has attracted increasing interest from investors, not only in Latin America, where the world’s largest deposits are located, but also in other places such as the UK. Bacanora Minerals has secured an exploration licence for the previously mined Falkenhain lithium deposit, in the German state of Saxony. The site is located about 5 km from Bacanora’s Zinnwald project, which it owns 50-50 with SolarWorld. In a statement, the company said that its new venture will be able to produce up to 100 MW of electricity and generate around €1 million per year in revenue. largest asset is the Sonora lithium project in Mexico, which has anet present value of $1.25bn and an internal rate of return of 26%.
Bacanora Minerals has secured an exploration licence for the previously mined Falkenhain lithium deposit, in the German state of Saxony. The site is located about 5 km from Bacanora’s Zinnwald project, which it owns 50-50 with SolarWorld. In a statement, the company said that its new venture will be able to produce up to 100 MW of electricity and generate around €1 million per year in revenue. largest asset is the Sonora lithium project in Mexico, which has anet present value of $1.25bn and an internal rate of return of 26%.