Company History

M&G increased its shareholding to 19.9%

Ganfeng Lithium became a 29.9% shareholder in Bacanora, a 22.5% shareholder at the Sonora project level, and signed a 50% lithium off-take agreement

Publication of the Zinnwald Project Bankable Feasibility Study

Citibank appointed as joint company broker

Signed a $150M debt financing with RK Mine Finance

Redomicile to the UK via creation of Bacanora Lithium plc and sole listing on AIM

Publication of the Sonora Project Bankable Feasibility Study

Hanwa Corporation became 10% shareholder and completed off-take agreement

Acquired 50% of Deutsche Lithium, owner of Zinnwald Project in Germany

Blackrock became a significant shareholder

Publication of the Sonora Project Pre-Feasibility Study

M&G became the first major institutional shareholder

Completion of dual listing on the London AIM exchange

Preliminary Economic Assessment completed on the La Ventana deposit

Acquisition of the Group’s initial 4 lithium licenses, including La Ventana

Bacanora completed the Qualifying Transaction and became a Tier 2 issuer on the TSX-V

Bacanora Minerals Ltd listed on TSX-V as shell company and in July 2009 announced terms of its Qualifying Transaction to acquire various Borates licenses