Blue Orca announced a short position in Sigma Lithium (SGML), saying “Brazilian court records reveal material undisclosed litigation and regulatory enforcement actions by state and federal prosecutors.” According to the short seller, these include “millions of dollars of undisclosed creditor lawsuits, and a bombshell technical report alleging that safety is so compromised as to risk impairing the future operation and economic viability of the mine.” Shares of Sigma are down 13% to $14.25 in midday trading.
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