08:19 AM EDT, 06/27/2024 (MT Newswires) -- Sigma Lithium ( SGML ) told Brazilian regulators last year that it had found likely mineral reserves on two pieces of land locked in a dispute between the current chief executive officer and a predecessor, Reuters reported Thursday, citing regulatory documents.

The disclosure came a month after the company claimed there were no lithium or other mineral reserves at the sites, the report said.

The lands, in a lithium rich region of Brazil, are under dispute between CEO Ana Cabral and her ex-husband Calvyn Gardner, a former co-chief executive, the report added.

The possible presence of lithium strengthens Gardner's claim to maintain an injunction that limits Sigma's control over the land, the report said.

Sigma did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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