SÃO PAULO, Dec. 3, 2024
/PRNewswire/ -- Sigma Lithium Corporation (TSXV/NASDAQ: SGML,
BVMF: S2GM34) ("Sigma Lithium" or the
"Company"), a leading global lithium producer dedicated to
powering the next generation of electric vehicles with
carbon-neutral, socially and environmentally sustainable lithium
concentrate, announces that it is in the process of loading 27,500
tonnes of its already produced Quintuple Zero Green Lithium for
shipment from the Port of Vitoria to IRH Global Trading LTD in
Abu Dhabi, demonstrating its
increased operational excellence and its ability to meet both
operational and sales targets.
The provisional price (6% Li2O, CIF China) for this
shipment is set at 8.25% of the battery-grade lithium carbonate
price quoted on the Guangzhou Futures Exchange (GFEX) as of the
shipment date.
Sigma Lithium's operational and shipping consistency highlights
the Company's robust production capabilities following the
successful implementation of several efficiency initiatives at the
Greentech Industrial Plant during the four-day annual maintenance
shutdown in November. During this month we achieved continuous
production of over 850 tonnes per day of lithium oxide for several
consecutive days, reaching peak days of 900 tonnes per day,
demonstrating the enhanced production capabilities of the Greentech
Industrial Plant. As a result, the annualized production run rate
reached full capacity of 270,000 tonnes and the Company expects to
maintain this annualized production level going forward.
"Our ability to maintain a consistent monthly shipment
cadence is a clear reflection of our operational excellence, and
reliability as a mature producer. It also highlights the stability
we have achieved in the use of our proprietary dense media
separation technology to produce lithium oxide at our Greentech
Industrial Plant," said Ana
Cabral, CEO of Sigma Lithium. "We are delighted with
ongoing partnership with IRH in Abu
Dhabi which enhances our commercial flexibility to
effectively navigate lithium demand seasonality. This collaboration
enables us to capitalize on every opportunity to maximize business
performance and secure better lithium pricing, even in the current
market environment. With Phase 1 now operating at full capacity, we
are working relentlessly to replicate this industrial success as we
move forward with the construction of our second Greentech
Industrial Production Plant."
ABOUT SIGMA LITHIUM
Sigma Lithium (TSXV/NASDAQ: SGML,
BVMF: S2GM34) 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 is one of the world's largest lithium producers.
The Company operates at the forefront of environmental and social
sustainability in the electric vehicle battery materials supply
chain at its Grota do Cirilo Operation in Brazil. Here, Sigma produces Quintuple Zero
Green Lithium at its state-of-the-art Greentech lithium
beneficiation plant, delivering net zero carbon lithium, produced
with zero carbon intensive energy, zero potable water, zero toxic
chemicals and zero tailings dams.
Phase 1 of the Company's operations entered commercial
production in the second quarter of 2023. The Company has issued a
Final Investment Decision, formally approving construction to
double capacity to 520,000 tonnes of lithium concentrate through
the addition of a Phase 2 expansion of its Greentech Plant.
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.
FOR ADDITIONAL INFORMATION PLEASE
CONTACT
Matthew
DeYoe, EVP Corporate Affairs &
Strategic
Development
matthew.deyoe@sigmalithium.com.br
Irina
Axenova, Vice President Investor
Relations
irina.axenova@sigmalithium.com.br
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SOURCE Sigma Lithium Corporation