SGML drops as Sigma Lithium disputes Brazilian court ruling
Sigma Lithium’s SGML shares tumbled after a Brazilian court reportedly ordered a suspension of environmental licenses and mining activity at the Grota do Cirilo operation. The company disputed the ruling, saying it has not received formal legal notice.
Sigma Lithium Corp. (SGML) stock fell overnight after a Brazilian court reportedly ordered the suspension of environmental licences and mining activity at its Grota do Cirilo operation. The company disputed the ruling, saying it has not received formal legal notice and that operations remain unaffected at this time.