https://www.miningweekly.com
Energy|LG|PROJECT|Refining
Energy|LG|PROJECT|Refining
energy|LG|project|refining

Sigma Lithium to explore alternatives after proposals for miner, Brazil unit

14th September 2023

By: Reuters

  

Font size: - +

Miner Sigma Lithium said on Wednesday it is evaluating strategic alternatives for the whole company, including its Brazilian unit, sending the company's US-listed shares up 14.8% in premarket trading.

The company said it has received multiple proposals for its Grota do Cirilo project in Brazil, Sigma Brazil and parent company Sigma Lithium.

The proposals were from "global industry leaders in the energy, auto, batteries and lithium refining industries", according to Sigma Lithium.

Last month, the company sued its former co-CEO Calvyn Gardner accusing him of stealing trade secrets to undermine the company's effort to sell itself.

The company, which is based in Vancouver, British Columbia, but operates mainly in Brazil, said it plans to conclude the evaluation this year and a decision would be made at a shareholders' meeting.

Sigma Lithium CEO Ana Cabral-Gardner said in July that Bank of America was coordinating talks with parties interested in acquiring it.

The company had started production at the Grota do Cirilo project earlier this year to supply roughly a fourth of its output to LG Energy Solution, with the rest slated for sale on the spot market.

Edited by Reuters

Comments

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024
Resources Watch
Resources Watch
2nd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.145 0.184s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: