HIGHLIGHTS
- Sigma Lithium announces that it is completing the loading of
22,000 tonnes of Quintuple Zero Green Lithium to Glencore at
the Port of Vitoria tonight.
- Glencore has prepaid 50% for the shipment of Sigma's
Quintuple Zero Green Lithium concentrate at a provisional premium
price of 7.5% of the quoted LME/Fastmarkets lithium hydroxide price
(average China, Japan, South
Korea).
- This shipment demonstrates the consistent performance of
Sigma Lithium's Greentech Plant achieving annualized nameplate
capacity of 270,000 tonnes of Quintuple Zero Green
Lithium.
- Sigma Lithium has been producing Quintuple Zero Green
Lithium as a result of having effectively lowered its carbon
footprint with a series of pioneering initiatives, paving the way
forward for the battery materials sector, as follows:
- Zero Net Carbon (neutrality achieved through Amazon
Rainforest VERRA Carbon Credits)
- Zero Use of Coal Based Power
- Zero Tailings Dams
- Zero Utilization of Potable Water
- Zero Use of Hazardous Chemicals
SÃO PAULO, Feb. 5, 2024
/PRNewswire/ -- Sigma Lithium Corporation ("Sigma
Lithium" or the "Company") (NASDAQ: SGML, BVMF:
S2GM34, TSXV: SGML), a leading global lithium producer
dedicated to powering the next generation of electric vehicles with
carbon neutral, socially and environmentally sustainable lithium
concentrate, announces it has completed loading its sixth shipment
of concentrate, totalling 22,000 tonnes, at the Port of
Vitoria.
Glencore AG has prepaid 50% of the sixth shipment's value. This
prepayment reflects premium pricing at a 7.5% provisional price of
lithium hydroxide at LME (average China, Japan,
South Korea) for the Company's
unique Quintuple Zero Green Lithium concentrate ("Quintuple Zero
Green Lithium"). The shipment is part of a commercial distribution
and marketing agreement with Glencore that aims to build a low
carbon, environmentally and socially sustainable global lithium
supply chain for electric vehicles.
Keith Prentice, Co-General
Manager commented: "Our Greentech Plant reached 270,000
tonnes of annualized nameplate capacity just a few months ago and
has already managed to achieve the production consistency and
cadence delivered only by large scale producers."
Catarina Noci, Commerical
Director commented: "Sigma Lithium is the newest entrant in
a highly competitive global lithium market. Our significant
commercial success is a result of the unique technical properties
of our lithium concentrate including high purity and
coarseness."
Sigma Lithium has managed to industrialize a unique Quintuple
Zero Green Lithium, recognized at COP28 as the most sustainable lithium in the
world:
- Zero Net Carbon: First large-scale producer in the
lithium industry to achieve carbon neutrality.
- Zero Coal Power at Greentech Plant: 100% renewable
power.
- Zero Tailings Dams: 100% dry stacked tailings.
- Zero Utilization of Potable Water: Sewage treatment for
solid fecal residues for Greentech plant inbound water.
- Zero Use of Hazardous Chemicals in manufacturing
process of lithium concentrate.
ABOUT SIGMA LITHIUM
Sigma Lithium (NASDAQ: SGML, BVMF:
S2GM34, TSXV: SGML) is a leading global lithium producer dedicated
to powering the next generation of electric vehicle batteries with
carbon neutral, socially and environmentally sustainable
chemical-grade lithium concentrate.
Sigma Lithium has been at the forefront of environmental and
social sustainability in the EV battery materials supply chain for
six years and it is currently producing Quintuple Zero Green
Lithium from its Grota do Cirilo Project in Brazil. Phase 1 of the project is expected to
produce 270,000 tonnes of Quintuple Zero Green Lithium annually
(36,700 LCE annually). If it is determined to proceed after
completion of an ongoing feasibility study, Phase 2 & 3 of the
project are expected to increase production to 766,000 tonnes
annually (or 104,200 LCE annually). The project produces Quintuple
Zero Green Lithium in its state-of-the-art Greentech lithium plant
that uses 100% renewable energy, 100% recycled water and 100%
dry-stacked tailings.
Please refer to the Company's National Instrument 43-101
technical report titled "Grota do Cirilo Lithium Project Araçuaí
and Itinga Regions, Minas Gerais, Brazil, Amended and Restated Technical Report"
updated January 18, 2024, which was
prepared for Sigma Lithium by Marc-Antoine
Laporte, P.Geo, SGS Canada Inc; and Iran Zan, MAIG, Sigma
Lithium.The Updated Technical Report is filed on SEDAR and is also
available on the Company's website.
The Amended and Restated Technical Report from January 18,
2024 shows a Consolidated Mineral Resource on the Grota do
Cirilo property of 94.3Mt of Measured and Indicated Resources at a
grade of 1.40% Li2O and Inferred Resources of 14.6Mt also at a
grade of 1.37% Li2O.
For more information about Sigma Lithium, visit
https://www.sigmalithiumresources.com/
Sigma Lithium
LinkedIn: Sigma Lithium
Instagram: @sigmalithium
Twitter: @SigmaLithium
FORWARD-LOOKING STATEMENTS
This news release includes certain "forward-looking
information" under applicable Canadian and U.S. securities
legislation, including but not limited to statements relating to
timing and costs related to the general business and operational
outlook of the Company, the environmental footprint of tailings and
positive ecosystem impact relating thereto, donation and upcycling
of tailings, timing and quantities relating to tailings and Green
Lithium, achievements and projections relating to the Zero Tailings
strategy, achievement of ramp-up volumes, production estimates and
the operational status of the Groto do Cirilo Project, and other
forward-looking information. All statements that address future
plans, activities, events, estimates, expectations or developments
that the Company believes, expects or anticipates will or may occur
is forward-looking information, including statements regarding the
potential development of mineral resources and mineral reserves
which may or may not occur. Forward-looking information contained
herein is based on certain assumptions regarding, among other
things: general economic and political conditions; the stable and
supportive legislative, regulatory and community environment in
Brazil; demand for lithium,
including that such demand is supported by growth in the electric
vehicle market; the Company's market position and future financial
and operating performance; the Company's estimates of mineral
resources and mineral reserves, including whether mineral resources
will ever be developed into mineral reserves; and the Company's
ability to operate its mineral projects including that the Company
will not experience any materials or equipment shortages, any
labour or service provider outages or delays or any technical
issues. Although management believes that the assumptions and
expectations reflected in the forward-looking information are
reasonable, there can be no assurance that these assumptions and
expectations will prove to be correct. Forward-looking information
inherently involves and is subject to risks and uncertainties,
including but not limited to that the market prices for lithium may
not remain at current levels; and the market for electric vehicles
and other large format batteries currently has limited market share
and no assurances can be given for the rate at which this market
will develop, if at all, which could affect the success of the
Company and its ability to develop lithium operations. There can be
no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
disclaims any intention or obligation to update or revise any
forward-looking information, whether because of new information,
future events or otherwise, except as required by law. For more
information on the risks, uncertainties and assumptions that could
cause our actual results to differ from current expectations,
please refer to the current annual information form of the Company
and other public filings available under the Company's profile at
www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
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SOURCE Sigma Lithium