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Bacanora Lithium said its investment and sales agreement with Ganfeng Lithium was close to getting final regulatory approval in China.
The first of the required approvals, from the PRC Ministry of Commerce, was received by Ganfeng at the end of July.
The company said the second approval had been processed by the National Development and Reform Commission and received by Ganfeng.
The final approval, from the State Administration of Foreign Exchange, would be received following a Ganfeng board meeting to be held in the coming weeks.
Bacanora said it would provide further updates once final approval was received.
At 2:11pm: (LON:BCN) Bacanora Minerals Ltd Ord Npv di share price was +3.25p at 35.75p