VANCOUVER, BC, Sept. 22,
2023 /CNW/ -- 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
chemical-grade lithium concentrate, was invited to celebrate its
sustainability achievements by ringing the Nasdaq opening bell
during NYC Climate Week.
CEO and co-Chairperson Ana Cabral
and other company executives participated in the bell ringing
ceremony on September 20, 2023.
"Sigma Lithium is humbled and grateful for this invitation by
Nasdaq to ring the opening bell during Climate Week," Cabral
said. "Every day we wake up motivated to honor Brazil's global role in the ecological and
energy transition and to help protect our little blue planet. Ten
years ago, our team and investors at Sigma Lithium started this
journey together to build the most sustainable lithium company in
the world, to prove that it is possible to power electric cars with
carbon neutral, responsibly sourced materials, aligned with
consumers' expectations."
"We are excited to have the opportunity to showcase our
climate action goals alongside other international sustainability
leaders during Climate Week NYC. Sigma Lithium plans to become the
foundation for Brazil to host the
world's most sustainable lithium supply chain, extending our
environmental expertise to produce Triple Zero Green Lithium
Chemicals," she added.
Sigma Lithium began producing battery-grade, carbon neutral,
zero hazardous chemicals and zero tailings sustainable lithium
("Triple Zero Green Lithium") in April of this year, in a process
that uses 100% renewable energy and recycled water at its Greentech
lithium processing plant ("Greentech Plant"). The Company announced
a deal to achieve "Zero Tailings" by selling the high-purity, zero
hazardous chemicals, approximately 1.3% lithium oxide, ultra-fine
tailings generated by the Greentech Plant ("Green By-Products") to
be upcycled into battery grade lithium concentrate for use in
electric vehicle battery production. Sigma began delivering
shipments of Triple Zero Green Lithium and Green By-Products in
July 2023 and recently announced a
new shipment agreement, achieving net zero carbon 27 years ahead of
the 2050 target set by the global metals and mining industry.
Sustainability in Practice
Sigma Lithium's long-term strategy focuses on sustainability as
one of its main pillars. The Company was founded by a group of
impact investors after the tragedy of the Mariana tailings dam
collapse, with the main objectives of:
(i) Producing lithium with the lowest possible greenhouse gas
(carbon) emissions.
(ii) Eliminating tailings dams through the investment and
development of industrial process technologies for dry stacking of
tailings.
Sigma Lithium's production process is completely sustainable,
does not use hazardous chemicals, uses 100% efficiency in renewable
energy and recirculates 100% of the water used at its Greentech
lithium processing plant. The Greentech plant has state-of-the-art
digitized equipment where mined lithium ore is transformed into
high purity, battery grade lithium concentrate for the electric
vehicle industry.
The Company does not have a tailings dam; tailings are
dry-stacked instead. All the tailings generated as a by-product of
lithium production are then sold or donated. The absence of
hazardous chemical products for processing lithium prevents
contamination of water and soil and contributes to preserving
rivers and forests in the region.
Sigma Lithium invested BRL3
billion (USD205 million) in
the development and construction of the first lithium project in
the world without a tailings dam.
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 Triple Zero Green Lithium
from its Grota do Cirilo Project in Brazil. Phase 1 of the project is expected to
produce 270,000 tonnes of Triple 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 Triple
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"
issued June 12, 2023, which was
prepared for Sigma Lithium by Homero
Delboni Jr., MAusIMM, Promon Engenharia; Marc-Antoine Laporte, P.Geo, SGS Canada Inc;
Jarrett Quinn, P.Eng., Primero Group
Americas; Porfirio Cabaleiro
Rodriguez, (MEng), FAIG, GE21 Consultoria Mineral; and
Noel O'Brien, B.E., MBA, F AusIMM
(the "Updated Technical Report"). The Updated Technical Report is
filed on SEDAR and is also available on the Company's website.
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 Grota 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/sigma-lithium-invited-by-nasdaq-to-ring-opening-bell-during-united-nations-climate-week-celebrating-accomplishments-in-sustainability-301936083.html
SOURCE Sigma Lithium