Pilbara Minerals to acquire Latin Resources [Yahoo! Finance]
Sigma Lithium Corporation (SGML)
Company Research
Source: Yahoo! Finance
Australia based Latin Resources has mining assets in its homeland and South America. Its shareholders have unanimously accepted the all share deal which valued their shares at US$0.20, a 57% premium on the 10 day volume weighted average price (VWAP). The deal came amid a prolonged slump in global lithium prices reflecting the recent sharp slowdown in global EV sales growth. Pilbara is mainly focused on acquiring Latin Resources' Salinas hard rock lithium project, the company's key asset located in Minas Gerais in Brazil's so called Lithium Valley next to Sigma Lithium's operations. The acquisition would be Pilbara's first foray into the South American mining sector and was aimed at improving the company's access to North American battery producers. The Salinas project was expected to increase Pilbara's existing lithium resources by between 20% and 30%, adding high quality low cost production assets. Pilbara said: “The Salinas Lithium Project has the potential to become a top
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SGML
News
- Sigma Lithium Corporation (SGML) Stock Dips While Market Gains: Key Facts [Yahoo! Finance]Yahoo! Finance
- Analysts Estimate Sigma Lithium Corporation (SGML) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- Sigma Lithium Corporation (SGML) Surpasses Market Returns: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- FII Convenes Dialogues on Global Growth and Sustainable Innovation [Yahoo! Finance]Yahoo! Finance
- SIGMA LITHIUM SHIPPING 22,000t TO ABU DHABI's IRH IN COMMERCIAL ALLIANCE FOR SUSTAINABLY AND ETHICALLY PRODUCED LITHIUM MATERIALS; SURPASSES 3Q 2024 PRODUCTION TARGET OF 60,000tPR Newswire
SGML
Sec Filings
- 11/8/24 - Form SC
- 10/25/24 - Form 6-K
- 10/24/24 - Form SC
- SGML's page on the SEC website