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Home»Tech World»Elon Musk is now a miner!

Elon Musk is now a miner!

By Samuel Lamba20/02/20232 Mins Read
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With the rapidly increasing demand for metals used in electric vehicle batteries, sources with knowledge on the subject, Tesla’s a battery-metal mine Sigma Lithium Corp. He says he is considering buying.

According to people who do not want their names to be disclosed under the confidentiality agreement, Elon Musk’s Tesla, discussing a proposal with potential consultants. Sigma Lithium is among several mining options considering its own refining process.

The company’s largest investor is Brazilian private equity fund A10 Investimentos, which holds 46%. Ana, co-CEO of Sigma Cabral-Gardner Founded by the company, the fund is the largest shareholder of the company. Partner CEO Calvyn Gardner also owns part of the miner. The company’s US shares rose more than 25% in aftermarket trading.

Tesla wants to make things bigger: Elon Musk is now a miner!

Sources state that the talks are in the early stages and there is no guarantee that a transaction will take place. Shares have tripled in the past 12 months and owners’ high price expectations may cause potential buyers to avoid bidding. Also, according to sources, of Sigma owners further their main project before looking for an outlet. to develop it can wait.

Elon Musk or Tesla representatives have not yet commented. Cabral-Gardner of Sigma Lithium He declined to comment on the “rumors”.

The company is in Brazil Grota do Cirilo It is developing a large deposit of lithium rock known as The company announced in December last year that it is considering almost tripling the project’s lithium production, after a survey found that mineral reserves were 63% higher than the previous estimate.

what will be the result, Elon Musk It is not known whether he will actually buy this company. But even these attempts of Elon Musk Tesla’s It shows that it will continue to be one of the leading names in the electric car industry in the coming years, just as it is now.

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