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.
On October 5, 2021, Sigma Lithium announced a binding off-take agreement with LG Energy Solution to supply battery-grade sustainable lithium concentrate through 2027. Starting in 2023, LG Energy Solution will purchase 60,000 tons per year on a 'take-or-pay' basis, scaling to 100,000 tons annually by 2024. The pricing is linked to market rates for lithium hydroxide. The agreement reinforces Sigma’s commitment to sustainability, as their lithium production is entirely powered by clean energy, adhering to high ESG standards.
Sigma Lithium (NASDAQ: SGML) announced the participation of Co-CEO Ana Cabral Gardner in the UN High-Level Dialogue on Energy on September 24, 2021. This dialogue focuses on achieving universal energy access and net-zero emissions. Additionally, Gardner participated in the World Climate Forum, addressing clean transportation investments. Sigma Lithium aims to leverage its sustainable lithium production to contribute significantly to the green energy transition. The company operates the Grota do Cirilo Project in Brazil, which is set for near-term production in 2022, underpinning its ESG-focused strategy.