Sigma Lithium COO steps down in new leadership shakeup, shares dive
Brian Talbot left the company at the end of last month, he told Reuters on Thursday, sending shares of the Vancouver-based miner tumbling.
Brian Talbot left the company at the end of last month, he told Reuters on Thursday, sending shares of the Vancouver-based miner tumbling.
Ganfeng Lithium and Tianqi Lithium have plunged 51% and 32% respectively since January.
The new Lithium Americas is focused on advancing the Thacker Pass lithium project in Nevada to production.
Hancock Prospecting now owns 14.67% of the lithium producer, according to an ASX filing late Tuesday.
The company said it remains on track to achieve annual 2023 production guidance of 130,000 tonnes of lithium concentrate.
Lithium Royalty made an unsolicited offer to acquire TNR Gold for 8 Canadian cents per share on Friday.
Lithium prices are spiraling down toward the lowest level in two years on concerns over the strength of Chinese demand.
The governors of the country's lithium-producing provinces are drawing up plans for lithium miners to make a "special contribution" so state coffers can benefit from extraordinary profits.
In Friday's public statement, Sigma reiterated its previous position that the injunction would not hurt its expansion.
Provincial and federal officials want to tap the profits of lithium companies with an annual tax that would be put toward building infrastructure.