TradingCharts
1 year ago
Okay maybe it is time me to pay attention.
NEW YORK, Aug 22 (Reuters) - Sigma Lithium (SGML.V), , which produces metal used in electric vehicle batteries, has sued a former co-chief executive officer, accusing him of stealing trade secrets to undermine the company's effort to sell itself.
The complaint was filed on Monday in federal court in Manhattan against Calvyn Gardner, who until January was Sigma's co-CEO with Ana Cabral-Gardner, who he is divorcing and who remains CEO. Luisa Valim, Gardner's daughter-in-law, is also a defendant
TradingCharts
2 years ago
SIGMA LITHIUM AND BRAZILIAN GOVERNMENT OFFICIALS RING NASDAQ OPENING BELL TO CELEBRATE THE LAUNCH OF LITHIUM VALLEY BRAZIL INITIATIVE
NEW YORK, May 11, 2023 /CNW/ -- SIGMA Lithium Corporation ("Sigma Lithium" or the "Company") (NASDAQ: SGML, TSXV: SGML), Sigma Lithium Corporation, a Brazil-based company dedicated to powering the next generation of electric vehicle batteries with Green Lithium, and representatives from the government of Brazil celebrated the launch of Lithium Valley Brazil by ringing the opening bell at Nasdaq MarketSite in New York.
https://ih.advfn.com/stock-market/NASDAQ/sigma-lithium-SGML/stock-news/91035586/sigma-lithium-and-brazilian-government-officials-r
TradingCharts
2 years ago
SIGMA LITHIUM TRUCKS GREEN LITHIUM AND TAILINGS TO VITORIA PORT IN PREPARATION OF 15,000 TONNE SHIPMENT OF EACH PRODUCT IN MAY
April 27 2023
The loading consisted of two trucks with approximately 74 tonnes of Green Lithium, and three trucks with tailings, approximately 116 tonnes in total. The loading process was completed quickly, with each truck taking approximately five minutes to load. The logistics chain beginning in the plant in Araçuaí, which is specially designed to handle Sigma Lithium's concentrate and tailings operations simultaneously, has proven effective and the trucks' loading and transition were completed quickly and seamlessly from plant to warehouse. The two products are being stored in a segregated manner and each one has a tailored logistical approach, ensuring safe transport and accurate forwarding of the material. The trucks arrived at the warehouses in Brazil's Vitoria Port on Wednesday for discharge.
Product shipment volume continues to increase daily and is on track to achieve the expected ramp-up volumes.
https://ih.advfn.com/stock-market/NASDAQ/sigma-lithium-SGML/stock-news/90886120/sigma-lithium-trucks-green-lithium-and-tailings-to
TradingCharts
2 years ago
Sigma Lithium said Monday, April 10, that it received an operating license from Brazilian regulators to sell and export lithium and that its metal production for electric vehicle batteries should begin within days.
The approval for Sigma to operate its Grota do Cirilo hard rock lithium mine and processing equipment was confirmed by the State Secretariat for Environment and Development (SEMAD), the environmental regulator of the Brazilian state of Minas Gerais.
The Vancouver-based company should be producing "in a few days" and shipping lithium "in a few weeks," Ana Cabral-Gardner, Sigma's chief executive, told Reuters.
U.S.-listed Sigma shares closed slightly higher on Monday after the news, having fallen more than 4% earlier in the day.
Rumors have surfaced in recent months that Tesla or Chinese lithium rival Ganfeng Lithium Group could bid on Sigma. Cabral-Gardner declined to comment when asked if Sigma is in any acquisition discussions. "I'm focused on what I can control, which is bringing this company into production," said Cabral-Gardner, who is also managing partner of A10 Investimentos, which owns 45% of Sigma's shares.
Production is expected to increase slowly in the coming months and reach an annual production rate of 270,000 tonnes of spodumene concentrate in July.
In 2021, Sigma agreed to supply at least 60,000 tonnes to LG Energy Solution starting this year. The remaining production is expected to be sold in the spot market to customers who will likely process the metal in China, and Sigma is currently "determining which customer will receive the first shipment," Cabral-Gardner said.
Because lithium demand is low in Brazil, focused on biofuels, Cabral-Gardner said Sigma's project is "geared towards enabling energy transition in the northern hemisphere."
Sigma has projected that the mine will achieve an annual free cash flow of US$455 million for its first phase of production.
Seven analysts recommend buying Sigma shares and believe it should trade 69% higher than current levels.
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TradingCharts
2 years ago
HIGHLIGHTS OF COMMISSIONING AND GO FORWARD LEADERSHIP
• Sigma Lithium announces the initiation of the commissioning of the Dense Medium Separation
module of the production plant (the “Greentech Plant”) one month ahead of schedule and within
budget.
o Commissioning of the crushing module of the Greentech Plant is also ahead of schedule
and projected to have first ore crushed mid-February.
• The Company remains on track to commence commercial production in April 2023 and expects
to start generating cash flow in the second quarter this year, producing battery grade
environmentally and socially sustainable lithium concentrate (“Battery Grade Sustainable
Lithium”).
• Brian Talbot, Sigma Lithium’s Chief Operating Officer, will continue to lead operations on site in
Brazil.
o Mr. Talbot has been instrumental to the successful execution of the Greentech Plant
optimized design and detailed engineering and has played a pivotal role in the
construction and commissioning of the project since joining the Company in 2021.
• Ana Cabral-Gardner continues to be the Chief Executive Officer of the Company and will continue
as Co-Chair of the Board.
o Ms. Cabral-Gardner has been sharing the helm of Sigma Lithium for the past five years
during which she has and will continue to serve on the Finance, Technical and ESG
committees of the Board.
o She has led Sigma Lithium to become a global pioneer in environmental and social
sustainability within the battery supply chain.
• Gary Litwack has been appointed as a Non-Executive Co-Chair of the Board and will serve together
with Ana Cabral-Gardner.
o Mr. Litwack has been Sigma Lithium’s Lead Independent Director. He serves as the Chair of
the Audit Committee and has been a Director since the Company went public in 2018.
• Rodrigo Menck has been named Chief Financial Officer of Sigma Lithium.
o Mr. Menck will be working closely with Felipe Peres, the prior Chief Financial Officer, who
will remain as part of the Finance Team leadership in the capacity of Senior Advisor to the
Company.
o Mr. Menck joined the Company last year from Nexa Resources, a NYSE listed mining
producer with assets in Brazil and other countries.
o Calvyn Gardner, who had been Co-Chief Executive Officer and Co-Chair, will remain as a Director
of the Company
Jan 23 2023
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00032390
TradingCharts
2 years ago
Benchmark Mineral Intelligence
13,709 followers
9h • 9 hours ago
Brazil is forecast to more than double its share of the global mined lithium market over the next few years, becoming a significant new producer in South America.
Benchmark forecasts the country is set to account for 4.4% of global production by 2024, half of the forecast global market share of Argentina.
Brazil is often overshadowed by Chile and Argentina when it comes to lithium production, yet the country is forecast to more than triple its output in the next two years.
Luiz Inácio Lula da Silva, who was voted in as Brazil’s next president in October, has also pledged to work towards a sustainable energy transition, with a role for “greener” mining.
A further boost to Brazil’s position in the battery supply chain could come from BYD. The Chinese electric vehicle maker has plans to build electric vehicle production facilities and lithium processing plants in the state of Bahia in the northeast of the country.
Read more on Benchmark Source: https://lnkd.in/e9UwYTFF
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