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Sigma Lithium Corporation (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34) is a pioneering global lithium producer, dedicated to powering the next generation of electric vehicle (EV) batteries with environmentally sustainable and high-purity lithium. The company's flagship project, the Grota do Cirilo Project in Brazil, is one of the highest-grade hard rock lithium spodumene deposits in the Americas.
Sigma Lithium is committed to producing Quintuple Zero Green Lithium concentrate, which is characterized by being carbon-neutral, using 100% renewable energy, 100% recycled water, and 100% dry-stacked tailings. This commitment to sustainability extends to their operational practices, which include the expansion of the Atlantic Forest Conservation program in Brazil to create a
Sigma Lithium has marked a significant transition from developer to producer with its first successful production of Battery Grade Sustainable Lithium Concentrate, known as Green Lithium. This achievement was made possible through the commissioning of the Dense Medium Separation (DMS) circuit, completing Phase 1 of the Grota do Cirilo project in Brazil. The plant reached 75% of its nameplate capacity and is expected to reach full capacity by July 2023.
The inaugural shipment of around 15,000 tonnes of Green Lithium is anticipated in May 2023, with a commitment to sell 100% of ultra-fine tailings from Phase 1, totaling approximately 300,000 tonnes. The produced Green Lithium aims to meet the premium specifications required by advanced battery manufacturers.
Sigma Lithium has received its environmental operating license for the Grota do Cirilo project in Brazil, allowing for the production of Battery Grade Sustainable Lithium Concentrate. The license was granted on
Sigma Lithium Corporation (NASDAQ: SGML) announced a delay in filing its annual information form, audited consolidated financial statements, and the related management's discussion for 2022, previously due on March 31, 2023. This delay is attributed to additional audit procedures necessary for the transition to commercial production and the implementation of a new ERP system (SAP). The Company aims to complete the filings by the end of April 2023. In response, the Nasdaq issued a notice of non-compliance regarding Listing Rule 5250(c)(1); however, this does not currently affect the trading of its shares. The Company has 60 days from the notice date to submit a compliance plan, with a possible extension until September 27, 2023. Management and insiders are currently restricted from trading until the Annual Filings are submitted.
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