- Sigma Lithium's first trucks loaded with Battery Grade High
Purity Sustainable Lithium ("Green Lithium") and its dry stacked,
zero chemicals high purity tailings ("Green Tailings") successfully
arrived at the Company's two separate warehouse locations at
Vitoria Port
- A total of 10 trucks were loaded on schedule this week,
starting on Monday, April
24:
-
- 4 trucks with approximately 146 tonnes of Green
Lithium
- 6 trucks containing Green Tailings to be upcycled into
Battery Grade Lithium Concentrate
- On Wednesday, April 26, the
trucks started to arrive at Brazil's Vitoria Port, recently selected for
its enhanced logistics capabilities
-
- Vitoria Port is best suited for Sigma Lithium's increasing
export operational scale, resulting from the successful market
receptivity for its Green Tailings
- The Company remains on track to achieve full Phase 1
production capacity of 270,000 tonnes per annum by July 2023
VANCOUVER, BC, April 27,
2023 /CNW/ -- SIGMA Lithium Corporation
("Sigma Lithium" or the "Company") (NASDAQ: SGML,
TSXV: SGML), dedicated to powering the next generation of
electric vehicles with Green Lithium, announced that it has
successfully loaded the first trucks for its inaugural shipment of
Green Lithium and tailings containing low grade concentrate from
its Grota do Cirilo project in Brazil.
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.
Ana Cabral-Gardner, Sigma Lithium
CEO and Co-Chairperson, congratulates the Sigma Lithium team and
reiterates plans to complete the first shipment in May.
"We are thrilled to achieve this milestone, which demonstrates
our continued progress and rapid ascent to become one of the
world's largest lithium producers," said Cabral-Gardner. "We are
proud that our project will enable Brazil to be a leader in the energy transition
as a key supplier of raw materials that can be mined and processed
in a sustainable way for our environment and our communities. We
look forward to providing a further update at our next earnings
announcement as we continue to meet our production targets and ramp
up to full production capacity."
ABOUT SIGMA LITHIUM
Sigma Lithium (NASDAQ: SGML, TSXV: SGML) is a company dedicated
to powering the next generation of electric vehicle batteries with
environmentally sustainable and high-purity lithium. 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 Green Lithium from its Grota do
Cirilo Project in Brazil.
Phase 1 of the project is expected to produce 270,000 tonnes of
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 Green Lithium in a state-of-the-art
Greentech lithium plant that uses 100% renewable energy, 100%
recycled water and 100% dry-stacked tailings.
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 including production estimates and projected
cash flows; timing for the commissioning of the Greentech Plant and
commencement of commercial production, completion of the report
relating to the Greentech Plant expansion expectations as to the
commencement of cash flow and whether such cash flows can support
the Greentech Plant expansion, operational status, the Company
meeting its social and climate initiative and objectives, 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 (including but
not limited to the impact of the continuance or escalation of the
military conflict between Russia
and Ukraine, and economic
sanctions in relation thereto); the stable and supportive
legislative, regulatory and community environment in Brazil; anticipated trends and effects in
respect of the COVID-19 pandemic and post-pandemic; 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 develop and achieve production at its mineral
projects including | 5 that the Company will not experience any
materials or equipment shortages, any labour or service provider
outages or delays or any technical issues in the course of final
commissioning or in respect of the Greentech Plant, the expected
positive results of the engineering report. 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 Company may not develop its mineral projects into a
commercial mining operation; 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