Sigma Lithium, a major Brazilian-based lithium corporation, is in talks with potential buyers, the Reuters news agency reports.

Sigma promises to deliver lithium product that is “environmentally sustainable and carbon neutral battery-grade lithium” for stakeholder and recently shipped their first “battery-grade, carbon neutral, zero chemicals and zero tailings sustainable lithium (“Triple Zero Green Lithium“).

Earlier, Brazil’s Valor Economico news reported Bank of America has been conducting talks with funds and multinational firms interested in buying the mining company.

Reuters reports sources at the company have since confirmed the reports.

Tesla had been named as a possible buyer of the lithium giant, as car makers scramble to meet ambitious EV manufacturing targets.

Among those interested in the company created, controlled and managed by the businesswoman and former banker Ana Cabral; are the Chinese company Cmoc and the sovereign wealth fund of Saudi Arabia PIF, the sources speaking to Globo News publication ‘Pipeline’ on condition of anonymity said.

More to come.