HIGHLIGHTS
- Sigma Lithium announces that it will commence loading 22,000
tonnes of Triple Zero Green Lithium to Glencore at the
Port of Vitoria during the week of November
27.
- Glencore will prepay 50% for the shipment of Sigma's unique
Triple Zero Green Lithium concentrate at a provisional "premium"
price of 9% of the quoted LME lithium hydroxide price (average
China, Japan, South
Korea).
- Sigma Lithium can produce Triple Zero Green Lithium as a
result of having effectively lowered its carbon footprint with a
series of pioneering initiatives, paving the way forward for the
battery materials sector, as follows:
- Zero tailings (donated and sold)
- Zero hazardous chemicals
- Zero carbon (neutrality achieved through Amazon Rainforest
VERRA Carbon Credits)
- This important milestone underscores the significant
capabilities and seamless integration of the technical, commercial
and logistics leadership teams in achieving a shipment cadence of
approximately 22,000 tonnes of Triple Zero Green Lithium per
month.
- Demonstrates the consistent performance of Sigma
Lithium's Greentech Plant in ramp to achieve annual nameplate
capacity of 270,000 tonnes of "Triple Zero Green Lithium".
SÃO PAULO, Nov. 27,
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, announces that it
will commence loading 22,000 tonnes of Triple Zero Green Lithium to
Glencore at the Port of Vitoria. Sigma's fourth shipment is
expected to begin loading on November
27th.
Glencore is expected to prepay 50% of the fourth shipment's
value upon completion of loading. The 50% prepayment reflects
premium pricing at a 9% provisional price of lithium hydroxide at
LME (average China, Japan, South
Korea) for the Company's unique Triple Zero Green
Lithium.
The shipment is part of a commercial distribution and marketing
agreement with Glencore that aims to build a low carbon,
environmentally and socially sustainable global lithium supply
chain for electric vehicles.
Sigma Lithium's Triple Zero Green Lithium: The foundation of
a globally sustainable supply chain
The Company's Triple Zero Green Lithium is produced at its
state-of-the-art Greentech lithium plant at its Grota do Cirilo
Project in Brazil, the first
lithium project in the world without a tailings dam. With 100%
dry-stacked tailings and the absence of hazardous chemical products
for processing lithium, the Company is preventing water and soil
contamination and contributing to the preservation of rivers and
forests in the region.
The Company's main achievements towards abating its carbon
footprint include:
- Zero tailings: 100% dry stacked tailings, with all
by-products eliminated through sales or upcycling to pave
roads.
- Zero hazardous chemicals: Utilizes Dense Medium
Separation ("DMS") at the Greentech plant, which does not utilize
hazardous chemicals.
- Water efficiency: Utilizes 100% sewage water for its
plant, fully recirculated.
- Water preservation: Preserves 100% of the Piaui Creek
source of drinking water for the communities living around Sigma
Lithium.
- Clean renewable energy: Utilizes 100% clean renewable
energy for its Greentech Plant via "behind the meter" supply
agreements.
- Biodiesel: Utilizes biodiesel fuel in some of its
trucking fleet, with plans to increase to up to 50% by 2025.
- Explosives / ANFO: Decreased explosives load with
computerized load simulation strategies.
Further, due to the low carbon content of Sigma Lithium's
products, as well as its environmentally sustainable production
methods, the Company's carbon footprint was offset with carbon
credits purchased from Carbonext (which are verified through Verra
Verified Carbon Standard), making the shipment carbon neutral.
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 determines to proceed after completion
of the detailed engineering 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
X (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.
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SOURCE Sigma Lithium
