Sigma Lithium Resources Corporation (“Sigma” or the “Company”)
(TSX-V: SGMA) is pleased to announce that it participated in a
public symposium held at the Municipal Chamber of Itinga with
senior Federal, State and Local Brazilian government officials. The
purpose of the symposium was to discuss how to further facilitate
and develop the Lithium Value Chain by creating an industrial zone
dedicated to the development of the lithium chemical processing in
the Jequitinhonha Valley, building on Sigma’s investments in mining
lithium in the region.
The public meeting was organized by Federal, State and Municipal
senior government officials, including congressmen from various
political parties who are representatives in the Jequitinhonha
Valley.
Amongst the key participants were the Brazilian Deputy Minister
of Mines (Secretary of State for Geology, Mining and Mineral
Transformation of the Ministry of Mines and Energy), the Mayors of
17 towns in the Jequitinhonha Valley, key Federal and State
Congressmen as well as representatives from the UmVale association
and the chambers of commerce of the Jequitinhonha Valley
municipalities.
“We are thrilled that our green mining operation has harnessed
such deep support from Federal, State and Local Government as well
as from key political leaders of different parties and with
distinct ideologies”, said Ana Cabral, Sigma’s Chief Strategy
Officer.
“The development of local infrastructure could potentially
attract chemical industrial companies to the region and create the
appropriate business environment for the introduction of the
refined chemical processing step of the lithium mineral. Sigma has
produced on a pilot scale a pre-chemical 6% battery-grade lithium
oxide for use in electric vehicles or energy storage for utilities.
With the right industrial infrastructure, such as a gas pipeline,
an entire new industry could flourish in the Jequitinhonha Valley
to produce the lithium hydroxide chemical, generating significant
economic and social development value”, she added.
Amongst the various initiatives discussed were the construction
of a gas pipeline in a public-private partnership, a railway
network connection and the creation of further business incentives,
in addition to those available under the SUDENE initiative.
“This meeting demonstrated the commitment of the Brazilian
Government in supporting Sigma and the desire to further develop a
new sustainable lithium industrial hub in the Jequitinhonha Valley,
one of the poorest parts of Brazil, and bring to the local
population jobs, opportunities and economic development”, said
Itamar Resende, Sigma’s Director of Sustainability, Institutional
and Community Relations. “These initiatives go to the heart of our
core purpose and mission, as Sigma was founded on key
Environmental, Social and Governance (“ESG”) principles to produce
battery-grade lithium concentrate and contribute to the development
of the impoverished Itinga, Araçuaí and surrounding
municipalities,” he added.
To learn more about the meeting and what the Brazilian Minister
of Mines as well as Mayors have to say about the development
opportunity, click here to watch an in-depth subtitled TV news
report.
In June, Sigma obtained the environmental licenses for both
construction (“LP”) and installation (“LI”) of its Lithium
Commercial Production Plant (“Plant”) from the environmental
authority of the State of Minas Gerais, the Council of
Environmental Policy (“Conselho Estadual de Politica Ambiental –
COPAM”) in Brazil. Based on the design being considered under the
ongoing feasibility study (“DFS”), the Plant will have the capacity
to process 1.8 million metric tonnes of spodumene ore per year from
its Grota do Cirilo property. The lithium process design is
proprietary and includes DMS technology.
“We are very fortunate to be working in such a business-friendly
region and in a country with stable economic, legal and regulatory
frameworks. In addition, the Jequitinhonha Valley is a privileged
resource-rich low-cost location supported by clean energy from
hydroelectric power generation. By fostering the lithium industry,
the government authorities and the political parties with
representation in the area have a unique opportunity to contribute
to a deep transformation of the region, supporting the sustainable
development of the communities. Should the Local, State and
Government authorities move forward with the construction of a gas
pipeline, for example, it would represent a significant advancement
and contribute towards the development of a competitive Lithium
Value Chain in Brazil,” said Ana Cabral.
Sigma is projected to produce 220,000 tonnes per year of
high-quality battery-grade 6% lithium oxide concentrate, or
spodumene, with one of the lowest levels of impurities in the
world, which according to the studies completed so far will likely
be one of the lowest-cost lithium mine operations globally. Once
production is under way, Sigma stands to become one of the largest
producers of lithium in the Americas. The Company also has the
option to double capacity to produce 440,000 tonnes per year,
subject to completion of all related studies and assessments.
INDEPENDENT QUALIFIED PERSON The technical and
scientific information in this press release has been reviewed and
approved by Marc Antoine Laporte, P.Geo., M. Sc., of SGS Canada
Inc. Mr. Laporte is a Qualified Person as defined by National
Instrument 43-101 and is independent of Sigma.
ABOUT SIGMA LITHIUM Sigma is developing a
lithium hard-rock mineral deposit with exceptional mineralogy at
its properties in the State of Minas Gerais in Brazil. The
Company’s output is destined for the fast-growing lithium-ion
battery market, which is driven by the increasing demand for
electric vehicles and energy storage worldwide.
Sigma commissioned its Phase I pilot plant and has produced over
100 tonnes of samples of battery grade spodumene lithium
concentrate from its high-quality deposits. Sigma is on track to
become a major spodumene concentrate supplier to the lithium
battery industry worldwide.
Sigma’s corporate mission is to execute its strategy while
embracing environmental, social and governance principles. Sigma’s
shareholders include some of the leading ESG-focused global
institutional investors.
FOR ADDITIONAL INFORMATION PLEASE CONTACT Sigma
Lithium Resources Corporation www.sigmalithiumresources.com
Company Contact: Anna Hartley Director of Investor Relations 55 11
2985-0089 anna.hartley@sigmaca.com
FORWARD-LOOKING STATEMENTS This news release
contains forward-looking statements relating to Sigma’s objectives,
the potential for increased resources, concentration plant
construction and expected production levels, achieving sustainable
production and other statements that are not historical facts.
Readers are cautioned not to place undue reliance on
forward-looking statements, as there can be no assurance that the
plans, intentions or expectations upon which they are based will
occur. By their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties, both
general and specific, that contribute to the possibility that the
predictions, forecasts, projections and other forward-looking
statements will not occur, which may cause actual performance and
results in future periods to differ materially from any estimates
or projections of future performance or results expressed or
implied by such forward-looking statements. These assumptions,
risks and uncertainties include, among other things: the state of
the economy in general and capital markets in particular, the
availability of project financing for the construction and
operation of the Plant on reasonable terms, investor interest in
the business and future prospects of Sigma and the settlement of
definitive offtake and other commercial agreements. The
forward-looking statements contained in this news release are made
as of the date of this news release. Except as required by law,
Sigma disclaims any intention and assumes no obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by
applicable securities law. Additionally, Sigma undertakes no
obligation to comment on the expectations of, or statements made,
by third parties in respect of the matters discussed above.
The key risks and uncertainties that could cause actual results
or the material factors and assumptions applied in preparing
forward-looking information to differ materially from predictions,
forecasts, projections, expectations or conclusions are discussed
in the “Risk Factors” of Sigma’s public disclosed materials and
information. We caution that the foregoing list is not exhaustive
of all possible factors.
For more information on the risks, uncertainties and assumptions
that could cause our actual results to differ from current
expectations, please refer to our public filings available 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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