HANWA : Announcement of investment into Battery grade lithium carbonate manufacturer
April 28, 2017 at 02:09 am EDT
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Apr. 13, 2017
Hanwa Co., Ltd. (Registered Head Office: Osaka, Japan ; President: Hironari Furukawa; henceforth 'Hanwa') is hereby delighted to announce its decision on partial capital participation in Bacanora Minerals Ltd. (- TSX-V : BCN & AIM: BCN - the Canadian and London listed; Executive Chairman: Mr. Mark Hohnen; henceforth 'BCN'). Hanwa shall acquire off-take up to 100% of the battery grade lithium carbonate produced at Sonora Lithium Project and aim to market it to meet the expected growing demand from Japan and other countries around the world.
<Bacanora Minerals Ltd.>
Location
Calgary, Alberta, Canada
Executive Chairman
Mr. Mark Hohnen
Capital
Approx. CAD 61 million
<Sonora Lithium Project>
Location
Sonora, Mexico
Product
High Purity Lithium Carbonate in Battery grade
Production
1 Stage - 17,500MT Lithium Carbonate (※ LCE) per annum
2 Stage - 17,500MT LCE per annum
(Totally maximum 35,000MT LCE per annum)
Production schedule
End of 2018 ~ Early 2019 Production commencement
With an eye towards the rapidly accelerated demand growth in lithium-ion battery market, Hanwa has built up a solid platform with battery-related customers over the past years through supplying a broad spectrum of feedstock for rechargeable battery products, and this time decided to participate in this project in the view of securing essential lithium resources to meet customers' growing demand. Under BCN, Sonora Lithium project holds outstanding lithium deposits with significantly low amount of impurities, consisting of unique type of ore, so-called, clay, and with the full use of it, Hanwa seeks to establish itself as a new lithium supplier in this fast-growing market and fulfill a stable supply obligation towards our existing and new customers.
※ LCE : Lithium Carbonate Equivalent
➢ For further information, please contact :
Hanwa Co., Ltd. Tokyo Headquarters
Speciality Metals & Alloys Dept.
'Primary Ni, Co, & Metals section'
Junichi Tomono +81-3-3544-2451
Tetsuya Sasaki +81-3-3544-2455
Hanwa Co. Ltd. published this content on 13 April 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 April 2017 06:09:20 UTC.
Original documenthttp://www.hanwa.co.jp/en/news/201704132735/
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HANWA CO., LTD. is a Japan-based company mainly engaged in the sale of steel metal raw materials, non-ferrous metals, foods, petroleum and chemical products, wood and machinery. The Company operates through six business segments. The Steel business is engaged in the provision of steel bars, construction works, steel plates, special steels, wires, steel pipes, and scrap iron. It is also engaged in the metal processing and storage. The Metal Raw Materials business is engaged in the provision of nickel, chromium, silicon, manganese, and ferroalloys. The Overseas Sales Subsidiary business is engaged in the sale of products at major overseas bases. The Petroleum and Chemicals business is engaged in the sale of petroleum products, industrial chemicals, chemicals and waste fuels. The Food business provides seafood and livestock products. The Nonferrous Metals business supplies aluminum, copper and zinc, and conducts recycling business. It also manages and operates amusement facilities.