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Sigma Lithium Corporation receives a Letter of Intention for a project finance credit line from the Development Bank of Brazil (BNDES) to expand its Quintuple Zero Green Lithium Grota do Cirilo project in Brazil. The Company is set to increase its production capacity significantly, aiming to solidify its global industrial competitive leadership in sustainable lithium production.
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Sigma Lithium Corporation announces the completion of the loading of 22,000 tonnes of Quintuple Zero Green Lithium to Glencore at the Port of Vitoria, marking the sixth shipment of concentrate. Glencore has prepaid 50% for the shipment at a provisional premium price of 7.5% of the quoted LME/Fastmarkets lithium hydroxide price. This demonstrates the consistent performance of Sigma Lithium's Greentech Plant, achieving an annualized nameplate capacity of 270,000 tonnes of Quintuple Zero Green Lithium. The company has effectively lowered its carbon footprint with a series of pioneering initiatives, resulting in the production of Zero Net Carbon, Zero Coal Power, Zero Tailings Dams, Zero Utilization of Potable Water, and Zero Use of Hazardous Chemicals. Sigma Lithium is dedicated to powering the next generation of electric vehicles with carbon-neutral, socially, and environmentally sustainable lithium concentrate.
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Sigma Lithium announces a significant increase in its Audited NI 43-101 Mineral Resource to 109 million tonnes of measured, indicated and inferred mineral resource at its Sigma Brazil, 100% owned Grota do Cirilo operation at Vale do Jequitinhonha. The revised mineral resource estimate represents a 27% increase from the previous technical report, maintaining the high average lithium oxide grade of 1.40% Li2O. The company aims to triple production capacity of its 'Quintuple Zero Green Lithium' and has plans to further increase the mineral resource to 150Mt. The stock is listed on NASDAQ under the ticker symbol SGML.
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Sigma Lithium Corporation (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML) achieves milestone of sustaining production at 270,000 tonnes per year, commences loading 22,000 tonne shipment of sustainable lithium concentrate to Glencore at the Port of Vitoria, and receives 50% prepayment at a provisional premium price. The company fully achieves the mission of its Impact Investors at IPO and has industrialized a unique Quintuple Zero Green Lithium concentrate recognized as the most sustainable lithium in the world. Sigma Lithium is the first large-scale producer in the lithium industry to achieve carbon neutrality, zero coal power, zero tailings dams, and zero utilization of potable water. The company continues to advance its growth plans, with exploration updates expected to expand mineral resources and planned initiation of earthworks for Greentech Plant expansion.
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Sigma Lithium Corporation (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34) is continuing its Strategic Review Process into the new year, entering detailed structural negotiations with finalists. The company aims to list the shares of Sigma Brazil on both Nasdaq and Singapore Stock Exchange to maximize shareholder value. The Board remains encouraged by the direction of negotiations and is committed to maximizing value for all stakeholders, especially the communities at Vale do Jequitinhonha.
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Sigma Lithium (SGML) continues to lead the way in decarbonized sustainable supply chains for electric vehicles, as showcased at COP28 in Dubai. CEO Ana Cabral will deliver a keynote presentation on 'Decarbonizing Supply Chains and Accelerating Industrial Transition' to global and business leaders. The company has solidified its position as a producer of Triple Zero industrial lithium materials, contributing to Brazil's industrial decarbonization efforts. Sigma Lithium has also been actively engaged in critical dialogues on the decarbonization of global industrial and mineral supply chains, with seven executives nominated as representative parties to the United Nations Convention on Climate Change (UNCCC).
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Sigma Lithium Corporation (SGML) announces the commencement of loading 22,000 tonnes of Triple Zero Green Lithium to Glencore at the Port of Vitoria. Glencore will prepay 50% for the shipment at a provisional 'premium' price of 9% of the quoted LME lithium hydroxide price. Sigma Lithium's Triple Zero Green Lithium is produced with zero tailings, zero hazardous chemicals, and zero carbon, achieved through a series of pioneering initiatives. The company's Greentech Plant has demonstrated consistent performance in ramping up to achieve an annual nameplate capacity of 270,000 tonnes of 'Triple Zero Green Lithium'.
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Sigma Lithium Corporation (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34) reported third-quarter revenue of USD $97 million, marking the Company's first revenue-generating quarter as it successfully transitioned to a leading global lithium producer. The Company's low production cost, high-quality lithium concentrate, and strategic exploration programs position it as a strong contender in the electric vehicle battery market, driving significant financial margins and the ability to generate free cash flow. Sigma Lithium's Triple Zero Green Lithium concentrate and Green By-Products have achieved consistent pricing and positive results, showcasing the Company's commitment to sustainability and quality. The ongoing strategic review and planned production capacity expansion further reinforce Sigma Lithium's growth potential and market competitiveness.
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Sigma Lithium Corporation (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34) announces the filing of its Q3 2023 financial statements and MD&A, followed by an investor conference call on November 15, 2023. The company also confirms its participation in the Goldman Sachs Global Metals and Mining Conference on November 15-16, 2023.
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Sigma Lithium announces positive results from its Phase 4 Exploration Program, with an expected 25% potential increase in mineral resource estimate to 110 million tonnes. The company plans to further increase mineral resource through an Accelerated Plan, targeting former artisanal mines and additional pegmatites within its mineral concessions.
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Sigma Lithium Corporation Common Shares
Nasdaq:SGML
SGML Rankings
SGML Stock Data
1.89B
54.71M
7.09%
74.47%
9.93%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
United States of America
São Paulo