The acquisition by Solis this week of that Brazilian Lithium project looks to be a stroke of absolute genius (and perhaps a little luck thrown in)
Last night, Telsa's news broke that they're weighing up a bid for Sigma Lithium (who is the big dog in Brazil) !!
https://www.bloomberg.com/news/articles/2023-02-17/tesla-said-to-weigh-bid-for-battery-metals-miner-sigma-lithium
Needless to say how big this is for the other players in the country.
Our big brother, Latin Resources, which is often described as a mini-sigma will certainly love the news also. They're also a major shareholder in Solis. Chris Gale is the common director for both Latin & Solis.
SLM is currently around a 6m EV and with this incredible tailwind via uncle Elon & Tesla, it could really start to put in a big move and Brazilian Lithium plays could begin to rival those of James Bay Canada!
After a long time in the wilderness, Solis now looks ready for some fun.
Elon Musk's Calling - Brazilian Lithium
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