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. Bacanora’s 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%.