Flash note: Sonora resource increases
REM’s majority partner Bacanora Minerals has reported a significant increase in tonnage, grade and resource confidence for the Sonora Lithium Project in Mexico. The overall improvement has seen a large proportion of the inferred fraction converted to indicated, which is pivotal for the completion of feasibility studies and advancing the project to production. With an offtaker for future Sonora lithium production in place, it is down to Bacanora and REM to push forward with the rapid advance of Sonora to meet the required timeframes given in its offtake agreement.Cadence Minerals is engaged in identification, investment and development of Lithium and rare earth assets. Co. is also exploring other mining related opportunities.
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