Sigma Lithium Corporation reports developments tied to its lithium oxide concentrate production business and its Grota do Cirilo operation in Brazil. Company news commonly covers earnings releases, production guidance, sales of high-grade lithium oxide concentrate, commercialization of high-purity lithium fines, offtake agreements, and working-capital or bank-guarantee arrangements.
Updates also describe the Greentech Industrial Plant, including dry stacking, water reuse, zero use of toxic chemicals, and renewable electricity, along with capacity-expansion activity. Recurring themes include operating cadence, mine optimization, customer deliveries, and the role of Sigma Lithium's concentrate in the electric battery materials supply chain.
Sigma Lithium (NASDAQ: SGML) announced significant progress in 2021, completing all foundation earthworks for its Phase 1 Production Plant on schedule and budget. Forecasted to begin commissioning by the end of 2022, the plant aims to produce 230,000 tpa of Battery-Grade Sustainable Lithium. The company raised C$137 million in December 2021 and is fully equity-funded. A binding offtake agreement with LG Energy Solution has been secured for up to 100,000 tpa. Sigma emphasizes its ESG commitment, aiming for sustainable lithium production in Brazil.
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Sigma Lithium (TSXV: SGML, NASDAQ: SGML) will present at the Bank of America Securities Virtual Battery and Storage Conference on January 10, 2022, at 11:15 AM ET. Ana Cabral-Gardner, the Co-CEO, will discuss the topic of Decarbonizing Lithium along with Autos. One-on-one meetings with investors will also be available. Sigma Lithium focuses on producing environmentally sustainable lithium from its Grota do Cirilo Project in Brazil, aiming for net zero carbon emissions by 2024.
Sigma Lithium Corporation (NASDAQ: SGML) has announced an additional C$64.2 million investment from BlackRock, raising the total of its private placement to approximately C$136.7 million. This investment will increase BlackRock's stake in the company to about 5.5%. Sigma plans to issue around 11.6 million common shares at C$11.75 each, aiming to fund its phase 1 production plant and mine, along with the development of phases 2 and 3 of its Grota do Cirilo Project in Brazil. The Offering is set to close on or about December 22, 2021.
Sigma Lithium Corporation (NASDAQ: SGML) has commenced construction of its Production Plant at the Grota do Cirilo Project in Brazil, with around 180 workers engaged in foundation and civil works. The company expects to begin production in Q4 2022, supported by secured funding and critical long lead items. With a planned capacity of 220,000 tonnes of battery-grade lithium concentrate annually, Sigma aims to meet rising demand. The project is backed by term sheets for debt financing, and the company is also evaluating the potential for a second production phase to double capacity.
Sigma Lithium Corporation (NASDAQ:SGML) announced the filing of a final short form base shelf prospectus with securities regulators in Canada and a corresponding registration statement with the SEC. This prospectus allows Sigma to access capital markets over the next 25 months, supporting its Grota do Cirilo Project aimed at lithium production. The Company can issue up to US$250 million in various securities, contingent on market conditions. Sigma is positioned to meet growing lithium demand while maintaining its commitment to environmental sustainability.
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Sigma Lithium announces mobilization at its Grota do Cirilo lithium project for the construction of its Production Plant, engaging around 180 contractors. The company has successfully completed FEED, releasing a new 3D design video. Co-CEO Ana Cabral-Gardner will represent Sigma at COP26, discussing the project's environmental initiatives. Additionally, Sigma filed a preliminary base shelf registration statement for up to US$250 million in debt and equity securities over 25 months in the U.S. and Canada.
Sigma Lithium announced the mobilization of its workforce and equipment for pre-construction activities at its Grota do Cirilo lithium project, involving over 180 contractors and 1 million cubic meters of terrain. The company concluded its FEED and released a new 3D detailed design video of its production plant. Co-CEO Ana Cabral-Gardner is participating in COP26, addressing sustainable development and ESG initiatives. Additionally, Sigma filed a preliminary base shelf prospectus in the U.S. and Canada to distribute up to $250 million in debt and equity securities over 25 months.