SÃO
PAULO, Dec. 23, 2024 /CNW/ -- Sigma
Lithium Corporation (TSXV/NASDAQ: SGML, BVMF: S2GM34)
("Sigma Lithium" or the "Company"), a leading
global lithium producer dedicated to powering the next generation
of electric vehicles with carbon-neutral, socially and
environmentally sustainable lithium concentrate, is pleased to
announce that it is currently loading 22,650 tonnes of its
Quintuple Zero Green Lithium for shipment from the Port of Vitoria
to IRH Global Trading LTD in Abu
Dhabi (IRH), reflecting the Company's continued operational
excellence.
Sigma Lithium has achieved a consistent monthly
delivery schedule for large-scale shipments, having successfully
met its target of producing Quintuple Zero Green Lithium at an
annual rate of 270,000 tonnes. The execution of two large shipments
within a short timeframe this quarter is a testament to the
exceptional work of the Company's operational, commercial and
logistics teams. The provisional price (6% Li2O, CIF
China) for this shipment is set at 8.25% of the battery-grade
lithium carbonate price quoted on the Guangzhou Futures Exchange
(GFEX) as of the shipment date.
"We are incredibly proud of the operational
milestones our team has achieved in transforming Sigma Lithium into
a major lithium producer in 2024," said Ana Cabral, CEO and co-Chairperson of Sigma
Lithium. "We have researched and advanced dense media separation
technology for lithium oxide concentrate, taking it to a unique
level of production efficiency, reaching 70% of recovery at our
Greentech Industrial Plant, while dry stacking 100% of the
tailings, and reusing the water. Final enhancements to the
processing flowsheet were implemented last month, increasing
production significantly and enabling us to deliver in cadence two
large monthly shipments for November production and now this one,
which is part of December production. This is a significant
achievement. Looking ahead to 2025, we are very excited about the
future, with our team building a second Greentech Industrial Plant,
that will double our production capacity and revenues while
increasing our margins with the resulting economies of
scale."
ABOUT SIGMA LITHIUM
Sigma Lithium
(TSXV/NASDAQ: SGML, BVMF: S2GM34) 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 is one of the world's largest
lithium producers. The Company operates at the forefront of
environmental and social sustainability in the electric vehicle
battery materials supply chain at its Grota do Cirilo Operation in
Brazil. Here, Sigma produces
Quintuple Zero Green Lithium at its state-of-the-art Greentech
lithium beneficiation plant, delivering net zero carbon lithium,
produced with zero carbon intensive energy, zero potable water,
zero toxic chemicals and zero tailings dams.
Phase 1 of the Company's operations entered
commercial production in the second quarter of 2023. The Company
has issued a Final Investment Decision, formally approving
construction to double capacity to 520,000 tonnes of lithium
concentrate through the addition of a Phase 2 expansion of its
Greentech Plant.
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 Corporation
