SIGMA LITHIUM APPOINTS CIO FROM PROMINENT SAUDI ARABIAN INDUSTRIAL CONGLOMERATE AS NEW INDEPENDENT BOARD MEMBER; TO RELEASE FY2024 RESULTS ON MARCH 31, 2025
Sigma Lithium (SGML) has appointed Junaid Jafar as a new independent Board member, effective March 13, 2025. Jafar serves as Chief Investment Officer at Al Muhaidib Investment Office, a major Middle Eastern conglomerate, bringing nearly 30 years of investment management experience.
The appointment comes as Sigma Lithium undergoes significant expansion, with plans to double production capacity by Q4 2025 through the construction of their second Greentech Industrial Plant, while simultaneously planning a third production line. Jafar replaces Mr. Bechara Azar, who is stepping down for personal reasons after 20 months of service.
The company has also announced it will release its full-year 2024 audited financial results on March 31, 2025, before market opening, followed by a conference call at 8:00 AM ET.
Sigma Lithium (SGML) ha nominato Junaid Jafar come nuovo membro indipendente del Consiglio di Amministrazione, con effetto dal 13 marzo 2025. Jafar ricopre il ruolo di Chief Investment Officer presso l'Al Muhaidib Investment Office, un importante conglomerato del Medio Oriente, portando con sé quasi 30 anni di esperienza nella gestione degli investimenti.
La nomina arriva mentre Sigma Lithium sta attraversando una significativa espansione, con piani per attraverso la costruzione del loro secondo impianto industriale Greentech, mentre pianifica contemporaneamente una terza linea di produzione. Jafar sostituisce il signor Bechara Azar, che si dimette per motivi personali dopo 20 mesi di servizio.
L'azienda ha anche annunciato che rilascerà i suoi risultati finanziari auditati per l'intero anno 2024 il 31 marzo 2025, prima dell'apertura del mercato, seguita da una conferenza telefonica alle 8:00 AM ET.
Sigma Lithium (SGML) ha nombrado a Junaid Jafar como nuevo miembro independiente de la Junta Directiva, con efecto a partir del 13 de marzo de 2025. Jafar se desempeña como Director de Inversiones en Al Muhaidib Investment Office, un importante conglomerado del Medio Oriente, aportando casi 30 años de experiencia en gestión de inversiones.
El nombramiento se produce mientras Sigma Lithium atraviesa una expansión significativa, con planes de duplicar la capacidad de producción para el cuarto trimestre de 2025 mediante la construcción de su segunda planta industrial Greentech, mientras que simultáneamente planea una tercera línea de producción. Jafar reemplaza al Sr. Bechara Azar, quien se retira por razones personales después de 20 meses de servicio.
La empresa también ha anunciado que publicará sus resultados financieros auditados del año completo 2024 el 31 de marzo de 2025, antes de la apertura del mercado, seguido de una conferencia telefónica a las 8:00 AM ET.
시그마 리튬 (SGML)은 2025년 3월 13일부터 새로운 독립 이사로 주나이드 자파르를 임명했습니다. 자파르는 중동의 주요 대기업인 알 무하이딥 투자 사무소의 최고 투자 책임자로 재직하며, 거의 30년의 투자 관리 경험을 가지고 있습니다.
이번 임명은 시그마 리튬이 두 번째 그린테크 산업 공장을 건설하여 2025년 4분기까지 생산 능력을 두 배로 늘릴 계획인 가운데 이루어졌으며, 동시에 세 번째 생산 라인도 계획하고 있습니다. 자파르는 20개월의 서비스 끝에 개인적인 사유로 사임하는 베차라 아자르 씨를 대신합니다.
회사는 또한 2025년 3월 31일 시장 개장 전에 2024년 전체 연도 감사 재무 결과를 발표할 것이라고 발표했으며, 이어서 오전 8시(동부 표준시)에 컨퍼런스 콜이 있을 예정입니다.
Sigma Lithium (SGML) a nommé Junaid Jafar comme nouveau membre indépendant du Conseil d'Administration, à compter du 13 mars 2025. Jafar occupe le poste de Directeur des Investissements au sein de l'Al Muhaidib Investment Office, un important conglomérat du Moyen-Orient, apportant près de 30 ans d'expérience en gestion d'investissements.
Cette nomination intervient alors que Sigma Lithium connaît une expansion significative, avec des projets pour doubler sa capacité de production d'ici le quatrième trimestre 2025 grâce à la construction de sa deuxième usine industrielle Greentech, tout en planifiant simultanément une troisième ligne de production. Jafar remplace M. Bechara Azar, qui démissionne pour des raisons personnelles après 20 mois de service.
L'entreprise a également annoncé qu'elle publiera ses résultats financiers audités pour l'année complète 2024 le 31 mars 2025, avant l'ouverture du marché, suivie d'une conférence téléphonique à 8h00 ET.
Sigma Lithium (SGML) hat Junaid Jafar als neues unabhängiges Mitglied des Vorstands ernannt, mit Wirkung zum 13. März 2025. Jafar ist Chief Investment Officer bei Al Muhaidib Investment Office, einem großen Unternehmen im Nahen Osten, und bringt fast 30 Jahre Erfahrung im Bereich Investmentmanagement mit.
Die Ernennung erfolgt, während Sigma Lithium eine erhebliche Expansion durchläuft, mit Plänen, die Produktionskapazität bis zum vierten Quartal 2025 zu verdoppeln durch den Bau ihres zweiten Greentech-Industriewerks, während gleichzeitig eine dritte Produktionslinie geplant wird. Jafar ersetzt Herrn Bechara Azar, der nach 20 Monaten im Dienst aus persönlichen Gründen zurücktritt.
Das Unternehmen hat außerdem angekündigt, dass es seine prüfungsberichterstatteten Finanzdaten für das gesamte Jahr 2024 am 31. März 2025 vor Markteröffnung veröffentlichen wird, gefolgt von einer Telefonkonferenz um 8:00 Uhr ET.
- Production capacity set to double by Q4 2025
- Addition of experienced board member with 30 years of investment management expertise
- Strategic expansion with plans for third production line
- Enhanced Middle Eastern business connections through new board appointment
- Board member turnover with departure of Bechara Azar
SÃO PAULO, March 13, 2025 /PRNewswire/ -- Sigma Lithium Corporation (TSXV/NASDAQ: SGML, BVMF: S2GM34) ("Sigma Lithium" or the "Company"), a leading global lithium producer dedicated to powering the next generation of electric vehicles with socially and environmentally sustainable lithium concentrate announces the appointment of Junaid Jafar, as a new independent member of the Board of Directors, effective today. He has the prominent role of Chief Investment Officer at Al Muhaidib Investment Office, which is the family office of Al Muhaidib Group, one of the largest private conglomerates in the
The holdings of the Conglomerate include direct and indirect investments (thorugh Vision Invest) in companies such as ACWA Power (KSA's largest private sector power & water entity, in partnership with PIF), Saudi Tabreed, Data Volt, Miahona, Riyadh Cables, Savola Group and Masdar.
Mr. Jafar oversees capital allocation across private and public markets and manages a portfolio of leading global private equity, private credit, infrastructure and venture capital managers. He currently serves on the Board of Directors of Seedra Ventures, one of the leading venture funds in KSA focused on fintech. His extensive board experience in both large industrial companies, as well as venture capital, shall bring valuable perspectives and strategic insights, which will significantly contribute to our Board's effectiveness in the execution of growth strategy to supply into the continuous increase of lithium demand.
Mr. Jafar's professional expertise spans direct investments across private equity, private credit globally and throughout the
"We are honored and enthusiastic to welcome Mr. Jafar as an independent director to our Board," said Ana Cabral, CEO and Co-Chairperson of Sigma Lithium. "He is a prominent Middle Eastern business leader who will bring to our Board a wealth of capital allocation experience in base industries, creating the perfect mix of expertise to steward the Company. We are undergoing a transformational period as we leap forward to become one of the major integrated industrial-mineral lithium oxide global companies, simultaneously building our secong Greentech Industrial Plant to double production capacity by the fourth quarter of 2025, while entering the planning stages of the construction for our third Greentech industrial production line, in back-to-back sequence."
Marcelo Paiva, Co-Chairperson of Sigma Lithium, added, "We believe that Mr. Jafar's experiences will be instrumental in supporting the Company as we execute multiple strategic initiatives, including expanding our global commercial presence and fostering partnerships and alliances to create continued value for our shareholders. His skills are highly complementary to our Board's, bringing a geographically diverse strategic perspective from the Middle East—the epicenter of the global energy industry, coupled with key board roles at some of the leading companies involved in executing
Mr. Jafar joins the board in place of Mr. Bechara Azar, who is stepping down for personal reasons. "On behalf of the Board, I would like to thank Mr. Azar for his significant contribution and unwavering commitment to his role on the Board of Sigma during the last 20 months, a period during which Sigma has been completely transformed from a junior miner in early stages of commissioning to one of the largest industrial lithium producers globally. We are extremely grateful for his dedication to the role and service to the board", said Ana Cabral, CEO and Co-Chairperson of Sigma Lithium.
RELEASE OF FULL YEAR 2024 AUDITED FINANCIAL RESULTS
Sigma Lithium announces that it will release its audited financial results for the full year ended December 31, 2024 before the market opens on Monday, March 31, 2025.
The Company will host a conference call to discuss these results on Monday, March 31, 2025, at 8:00 AM ET.
- To participate in the call, click here to register.
- To listen to the live webcast, click here to join the webcast.
Sigma Lithium's earnings press release, investor presentation, annual filings and links to the conference calls will be available on the Company's Investor Relations website, ir.sigmalithiumresources.com. A webcast replay will also be available following the conclusion of the event.
ABOUT SIGMA LITHIUM
Sigma Lithium (TSXV/NASDAQ: SGML, BVMF: S2GM34) is a leading global lithium producer dedicated to powering the next generation of electric vehicle batteries with carbon neutral, socially and environmentally sustainable chemical-grade lithium concentrate.
Sigma Lithium operates the world's fifth largest industrial-mineral complexes for lithium oxide materials and one of the world's largest lithium producers. The Company operates at the forefront of environmental and social sustainability in the EV battery materials supply chain at its Grota do Cirilo Operation in
The Company produces 270,000t of lithium oxide concentrate (approximately 38,000t to 40,000t of LCE) annually at its state-of-the-art Greentech Industrial Lithium plant. The Company is currently building a second Greentech Industrial Plant that is expected to double capacity to 520,000 tonnes of lithium oxide (equivalent to approximately 77,000t to 80,000t of LCE).
For more information about Sigma Lithium, visit our website.
Sigma Lithium
LinkedIn: Sigma Lithium
Instagram: @sigmalithium
Twitter: @SigmaLithium
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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SOURCE Sigma Lithium Corporation
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