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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 Corporation (NASDAQ: SGML) will hold its Annual and Special Meeting on June 30, 2022, at 11:00 a.m. Eastern Time, virtually. The Co-CEO, Ana Cabral-Gardner, will also engage with investors at key conferences: Itaú BBA LatAm CEO Conference (May 12), Canaccord Genuity Global Metals and Mining Conference (May 15-17), and Bank of America 2022 Global Metals, Mining and Steel Conference (May 17-19). Key discussions will focus on lithium supply and sustainable practices at their Grota do Cirilo project in Brazil, aimed at supporting electric vehicle production.
Sigma Lithium has updated its Phase 1 Feasibility Study, projecting a production capacity of 230,000 tpa of Battery Grade Sustainable Lithium with an after-tax NPV of US$1.6 billion, a 424% IRR, and a rapid 4-month payback period. The company has also reported a potential to increase production to 265,000 tpa, indicating strong market alignment. Additionally, mineral resources have increased to 58.9Mt, with a significant boost in Phase 2 reserves. Updated Phase 1 CAPEX stands at US$123.1 million, showcasing a robust financial outlook for sustainable lithium production.
Sigma Lithium Corporation (NASDAQ: SGML) has rescheduled its fourth quarter financial results conference call to April 11, 2022, at 11 AM (EST). During the call, senior management will present updates followed by a Q&A session. The company focuses on supplying high-purity lithium for electric vehicle batteries, operating the Grota do Cirilo Project in Brazil, which utilizes 100% renewable energy and is one of the largest lithium spodumene deposits in the Americas. Sigma aims for net-zero emissions by 2024 while adhering to strong ESG practices.
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.
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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