Brazil’s Minas Gerais state will present its lithium potential to investors in a roadshow on May 9 on the Nasdaq exchange, a spokesperson for the state’s economic development department told BNamericas.
The state government sees potential to attract around 5bn reais (US$1bn) in investments in lithium projects and its value chain.
During the roadshow, the government plans to announce financing mechanisms to support lithium projects, the spokesperson added.
Minas Gerais state is known globally for its large iron ore reserves and production. Now, with major resources and a business-friendly environment, the southeast state is attracting the interest of several lithium-focused firms.
The flagship project in the state is Grota do Cirilo, in which Canada’s Sigma Lithium is investing 3bn reais. In the Vale do Jequitinhonha region, the project is planned to be developed in three phases and production from the first phase began this month.
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