Sigma Lithium sales process said to be going well - report
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Sigma Lithium's (NASDAQ:SGML) sales process is going well, and the lithium producer is expected to see a full price. 
The sales process is going "amazingly well," according to a CTFN report, which cited a source familiar with the matter. All expected indicative bids are in, and the parties don't have a deadline to make formal offers.
The update comes as Sigma Lithium (SGML) shares dropped 7% on Thursday amid a Reuters report that COO Brian Talbot left the company at the end of last month in the company's latest leadership shakeup. Talbot, who became COO last year, was in charge of operations at the company's flagship Grota do Cirilo mine in Brazil.
Sigma Lithium (SGML) is unlikely to suffer a "Brazil Discount'' as the government has signaled support for the country's mining sector, the source familiar told CTFN.
The CTFN report comes after Sigma Lithium (SGML) last month said it's evaluating strategic alternatives after receiving multiple proposals. The company said it received proposals for its Grota do Cirilo project in Brazil, Sigma Brazil, and the entire firm.
Bloomberg reported in February that Tesla (TSLA) had been considering a takeover of Sigma Lithium (SGML).

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