: In May 2024, Ganfeng and Bacanora initiated ICSID arbitration against Mexico, seeking either the return of the properties or significant damages.
: The project holds an estimated 8.8 million tonnes of lithium carbonate equivalent (LCE). Bacanora Lithium accepts Ganfeng’s $391 million...
In August 2021, accepted a sweetened $391 million (£284.8 million) cash takeover offer from Ganfeng Lithium , China's largest lithium producer . The deal solidified Ganfeng's control over the Sonora Lithium Project in Mexico, one of the world's largest lithium clay deposits. 1. Financial Transaction Details : In May 2024, Ganfeng and Bacanora initiated
While the corporate takeover was successful, the project has faced significant geopolitical hurdles: The deal solidified Ganfeng's control over the Sonora
: Following nationalization, the Mexican government cancelled several of Bacanora’s mining concessions, claiming the company had not met minimum investment requirements.
: The offer valued Bacanora at approximately $391 million (£284.8 million).