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.
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.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.
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