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Tesla Considering a Takeover Bid for Vancouver-based Battery Metals Miner Sigma Lithium, Stock Rises 16% Today on the News
Tuesday, February 21, 2023
Vancouver, BC, February 21, 2023--Vancouver-based Sigma Lithium Corp. soared in trading today on news that Tesla has been weighing a takeover of the battery-metals miner amid rampant demand for the materials needed to power electric vehicles.
The company's shares rose as much as 22%, and closed up 16%, giving the company a market value of C$4.8 billion.
Tesla, the EV maker run by Elon Musk, has been speaking with potential advisers about a bid for Sigma Lithium, Bloomberg News reported late Friday.
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