Sigma Lithium questions reporting on Brazil mineral rights 'injunction'

RIO DE JANEIRO, Sept 29 - 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.

Reuters reported on Thursday that a Sao Paulo state judge issued an injunction in late June over a May transfer in which Sigma received, at no cost, the mineral rights to the plots from a subsidiary of a company called RI-X Mineracao e Consultoria. Gardner's lawyers argued the transfer would grant Sigma mineral rights to valuable lithium deposits and hurt RI-X's ability to develop its own mining project.

"The injunction has no impact on our operations," a company spokesperson said on Tuesday in an initial statement to Reuters. "The maintenance of the injunction ... affects the free development of Sigma Mineracao's business," they wrote in a Aug. 28 petition asking the judge to reverse his decision.

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