Sigma Lithium CEO says in talks with potential buyers

by DailyBriefers July 28, 2023

July 28, 2023 10 comments

Business & FinanceDeals

28 July 2023, 7:20 pm 1 minute

Reuters exclusively reported that Sigma Lithium (SGML.V) is working with Bank of America (BAC.N) to coordinate talks with parties interested in acquiring it, the chief executive of the miner, which produces the metal used to make electric vehicle batteries.

Market Impact

Sigma has projected the mine will reach annual free cash flow of $455 million for its first phase of production. Eight analysts recommend buying Sigma’s stock and believe it should be trading 28% higher than current levels, according to Refinitiv Eikon data.

Article Tags

Topics of Interest: Business & FinanceDeals

Type: Reuters Best

Sectors: Business & Finance

Regions: Americas

Countries: Brazil

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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