Sigma Lithium is considering other options following proposals for its mining operations in Brazil.

(Reuters) – Miner Sigma Lithium is exploring exciting opportunities for the future of​ the company,⁢ including its Brazilian unit. This news has caused a surge in the company’s U.S.-listed‍ shares, rising by 14.8% in premarket trading.

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

The ⁢proposals have come from “global industry leaders in the energy, auto, batteries, and lithium ​refining industries,” according to Sigma Lithium.

In a recent legal battle, the company sued its former co-CEO Calvyn Gardner, accusing him of stealing trade secrets to undermine⁣ the company’s efforts to sell itself.

Based in Vancouver, British Columbia, but operating mainly in Brazil, Sigma Lithium plans to conclude the⁣ evaluation this year and make a decision at a shareholders’ meeting.

Sigma Lithium CEO Ana Cabral-Gardner revealed in July that Bank of America ‌was coordinating talks with interested parties for potential acquisition.

The company ​had⁣ already begun production at the⁢ Grota do Cirilo project earlier this year, with LG Energy ‌Solution being a major buyer ‌of ​its output.

(Reporting by Sourasis Bose in Bengaluru; ‌Editing by Shounak Dasgupta)

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