Hanwa Co., LTD.

News Release : 2017

News

Announcement of investment into Battery grade lithium carbonate manufacturer

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

1st Stage – 17,500MT Lithium Carbonate (※ LCE) per annum

2nd 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

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