SIGMA LITHIUM PROVIDES UPDATE ON FINAL STAGE OF STRATEGIC REVIEW: INITIATES PRIMARY LISTING OF SIGMA BRAZIL ON NASDAQ AND SINGAPORE
SAO PAULO, Dec. 18, 2023 /PRNewswire/ -- Sigma Lithium Corporation ("Sigma Lithium" or the "Company") (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34), a leading lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, Triple Zero Green lithium concentrate is continuing its Strategic Review Process ("Process") into the new year.
- Such listings can help maximize shareholder value, should the selected alternative in its strategic review process involve only Sigma Brazil.
- Sigma Lithium's high ESG standards, specifically Governance, as well as minority shareholder led composition of Board of Directors, should be mirrored at Sigma Brazil.
- All shareholders, whether holding shares of Sigma Lithium or Sigma Brazil, would ultimately be taken out in the event of an acquisition.
- The Singaporean listing of Sigma Brazil aims to maximize value for all shareholders of Sigma Lithium by leveling the playing field across negotiating parties."