- Bacanora Minerals has issued an update on the activities being undertaken at the Sonora lithium project in Mexico as part of the company's upcoming definitive feasibility study.

The FS will be aimed at delivering the most economically robust production plan possible for an initial 17,500 tonne per annum of lithium carbonate operation at the project (increasing to 35,000 tpa in later years).

The Company's strategy is to position itself to satisfy ongoing strong growth for lithium carbonate in the fast growing sectors of electric vehicles and energy storage.

The FS is targeted for completion in Q1, 2017 and the Company is fully financed through to the initial project development and the start of the construction stages.

At 8:19am: [LON:BCN] Bacanora Minerals Ltd Ord Npv di share price was +0.5p at 94p

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