Bacanora Files Technical Report, Enters Agreement

Bacanora Minerals Ltd. (TSXV:BCN) announced yesterday that it has filed a technical report regarding its Ventana and Fleur and El Sauz concessions, which make up part of the Mexico-based Sonora lithium project.

As quoted in the press release:

The Report summarizes increases to the resources tonnage and classification that were announced by the Company in its press release dated June 3, 2014. For a summary of those increases, readers are encouraged to refer to the prior press release or directly to the Report, which has been filed on SEDAR and is also available for download on the Company’s website.

Bacanora is also pleased to announce that it has entered into an agreement with Rare Earth Minerals Plc (LSE:REM)(AIM:REM), pursuant to which it has granted REM a new option to negotiate an increase in its ownership interest in Mexilit S.A. de C.V. (‘Mexilit’) (which holds the Sauz, Sauz 1, Sauz 2, Fleur and Fleur 1 concessions), from its current 30% interest to 49.9%.

Click here to read the full Bacanora Minerals Ltd. (TSXV:BCN) press release.