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Bullboard - Stock Discussion Forum Sigma Lithium Corp V.SGML

Alternate Symbol(s):  SGML

Sigma Lithium Corporation is a Canada-based global lithium producer engaged in powering electric vehicle batteries with environmentally sustainable and high-purity lithium. The Company is producing Triple Zero Green Lithium from its Grota do Cirilo Project in Brazil. The Company holds a 100% interest in four mineral properties: Grota do Cirilo, Sao Jose, Santa Clara, and Genipapo, located in... see more

TSXV:SGML - Post Discussion

Sigma Lithium Corp > Isn't Sigma incorporated in Canada?
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Post by templetooth2 on Nov 02, 2023 4:08pm

Isn't Sigma incorporated in Canada?

Exactly a year ago, Canada ordered 3 Chinese companies to divest holdings in 3 Cdn. lithium explorers.

In November, three Canadian miners listed on the TSX Venture exchange — Power Metals Corp., Lithium Chile Inc. and Ultra Lithium Inc. — were told by the government that their Chinese investors Sinomine Rare Metals Resources Co., Chengze Lithium International Ltd. and Zangge Mining Investment Co., respectively, needed to sell their stakes in the companies.

As far as I can see, 2 of the 3 Cdn. companies had assets outside of Canada, yet all 3 got rid of their Chinese shareholders. So wouldn't Sigma have to re-incorporate outside Canada if they wanted to swing a deal with a Chinese company?
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