The world's largest lithium metals producer, Ganfeng Lithium offered to buy the shares it does not already own in Bacanora Lithium for up to $264.5 million. Bacanora Lithium and Ganfeng own the open-pit Sonora Lithium project in Mexico. Ganfeng, which in February announced a plan to raise its stake in Bacanora from 17.41 to 28.88, will acquire the remaining shares in the company for 67.5 pence per share, according to the companies. The increase in Gan-feng's stake to 28.88 is expected to be completed shortly, it added.
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