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0 0 7.77006814347951E-06 -0.0139783525901522 -0.00620828444665462 0.0334190630851832 0.017878926798188 0.00700083139729132
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Spark Energy Minerals Closes on Expanded Exploration Purchase in Brazil's "Lithium Valley" [Yahoo! Finance]

Sigma Lithium Corporation (SGML) 
Company Research Source: Yahoo! Finance
the "Company") announces it has closed its previously announced (March 6, 2024) purchase agreement dated February 29, 2024 (the "Purchase Agreement") with Tristar Energy Corp. ("Tristar"), pursuant to which it acquired Tristar's option (the "Option") to acquire the Minas Gerais mining permits (the "Property"), located in the state of Minas Gerais, Brazil, in the area known as Brazil's Lithium Valley. Under the terms of the Purchase Agreement, the Company purchased an option to acquire 100% of the Property by issuing 15,000,000 common shares units to Tristar shareholders at a deemed price of $0.15 per unit, each unit consisting of one common share and one common share purchase warrant entitling the holder to acquire one further common share for 2 years at a price of $0.15. The terms of the Option require Spark to make one $400,000 payment on or before May 26, 2024 (the "Acquisition Payment"). The securities comprising the units are subject to a hold period of four months and one Show less Read more
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