Sigma Lithium on Friday challenged a Reuters report that a Brazilian court had imposed an 'injunction' on its ability to sell or mine two plots where it planned open pits, and reiterated that it saw no hurdle to its expansion plans. In a press release, Sigma said 'recent media reports' had 'incorrectly denominated as an 'injunction'' a Brazilian judge's ruling in a lawsuit between the company's former co-CEOs. Sigma's spokesperson and lawyers have repeatedly referred to the ruling as an 'injunction' in recent weeks.
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In a press release, Sigma said "recent media reports" had "incorrectly denominated as an 'injunction'" a Brazilian judge's ruling in a lawsuit between the company's former co-CEOs. Sigma's spokesperson and lawyers have repeatedly referred to the ruling as an "injunction" in recent weeks. While the judge did not reverse the transfer, the injunction froze Sigma's ability to sell, mine or use the two plots as collateral, Reuters reported, citing the court documents.
In subsequent comments later on Tuesday and on Wednesday, Sigma again referred to the judge's ruling as an "injunction." Asked on Friday why it had changed its characterization of the court decision, a Sigma press representative said the question would be referred to the company's legal counsel.
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