SIGMA LITHIUM MAINTAINS OPERATIONAL CADENCE SHIPPING 22,000t OF QUINTUPLE ZERO GREEN LITHIUM TO JAPAN'S MITSUBISHI; ADDS PROMINENT EVP IN CORPORATE FINANCE
Sigma Lithium (NASDAQ: SGML) maintains operational consistency, shipping its 12th vessel of Quintuple Zero Green Lithium to Mitsubishi. This 22,000t shipment marks the company's second sale to the Japanese conglomerate. Sigma remains on track to meet its 3Q production target of 60,000 tonnes. The company has appointed Rogerio Marchini as Executive Vice President of Corporate Finance and CFO, strengthening its finance team. The price for this shipment is set at a provisional premium floating price equivalent to 8.25% of Lithium Hydroxide quoted at LME. Sigma plans to further diversify its commercial strategy in Q4 with additional partnerships in different geographies.
Sigma Lithium (NASDAQ: SGML) mantiene una coerenza operativa, spedendo la sua dodicesima nave di Litio Verde Quintuple Zero a Mitsubishi. Questa spedizione di 22.000 tonnellate segna la seconda vendita dell'azienda al conglomerato giapponese. Sigma è sulla buona strada per raggiungere il suo obiettivo di produzione del terzo trimestre di 60.000 tonnellate. L'azienda ha nominato Rogerio Marchini come Vicepresidente Esecutivo della Finanza Aziendale e CFO, rafforzando il suo team finanziario. Il prezzo per questa spedizione è fissato a un prezzo flottante provvisorio equivalente all'8,25% di Idrossido di Litio quotato al LME. Sigma prevede di diversificare ulteriormente la sua strategia commerciale nel quarto trimestre con ulteriori partnership in diverse aree geografiche.
Sigma Lithium (NASDAQ: SGML) mantiene una consistencia operativa, enviando su duodécimo buque de litio verde Quintuple Zero a Mitsubishi. Este envío de 22,000 toneladas marca la segunda venta de la compañía al conglomerado japonés. Sigma sigue en camino de cumplir su objetivo de producción del tercer trimestre de 60,000 toneladas. La empresa ha nombrado a Rogerio Marchini como Vicepresidente Ejecutivo de Finanzas Corporativas y CFO, fortaleciendo su equipo financiero. El precio de este envío se establece en un precio provisional flotante equivalente al 8.25% de Hidróxido de Litio cotizado en el LME. Sigma planea diversificar aún más su estrategia comercial en el cuarto trimestre con asociaciones adicionales en diferentes geografías.
Sigma Lithium (NASDAQ: SGML)은 운영 일관성을 유지하며, 12번째 퀸트플 제로 그린 리튬 선박을 미쓰비시로 발송합니다. 이번 22,000톤의 선적은 회사의 일본 대기업에 대한 두 번째 판매입니다. Sigma는 3분기 생산 목표인 60,000톤을 달성할 계획입니다. 회사는 로제리오 마르치니를 기업 재무 담당 부사장 및 CFO로 임명하여 재무 팀을 강화했습니다. 이번 선적의 가격은 LME에서 인용된 리튬 하이드록사이드의 8.25%에 해당하는 임시 프리미엄 변동 가격으로 설정되었습니다. Sigma는 4분기에는 다양한 지역에서 추가 파트너십을 통해 상업 전략을 더욱 다양화할 계획입니다.
Sigma Lithium (NASDAQ: SGML) maintient une cohérence opérationnelle en expédiant son douzième navire de Lithium Vert Quintuple Zero vers Mitsubishi. Cet envoi de 22 000 tonnes marque la deuxième vente de l'entreprise au conglomérat japonais. Sigma reste sur la bonne voie pour atteindre son objectif de production du troisième trimestre de 60 000 tonnes. L'entreprise a nommé Rogerio Marchini au poste de Vice-Président Exécutif des Finances d'Entreprise et CFO, renforçant ainsi son équipe financière. Le prix de cet envoi est fixé à un prix flottant provisoire équivalent à 8,25 % de l'hydroxyde de lithium coté à la LME. Sigma prévoit de diversifier davantage sa stratégie commerciale au quatrième trimestre avec des partenariats supplémentaires dans différentes régions géographiques.
Sigma Lithium (NASDAQ: SGML) hält eine betriebliche Konsistenz aufrecht und versendet sein zwölftes Schiff mit Quintuple Zero Green Lithium an Mitsubishi. Diese Lieferung von 22.000 Tonnen markiert den zweiten Verkauf des Unternehmens an den japanischen Mischkonzern. Sigma bleibt auf Kurs, um sein Produktionsziel für das dritte Quartal von 60.000 Tonnen zu erreichen. Das Unternehmen hat Rogerio Marchini zum Executive Vice President für Unternehmensfinanzierung und CFO ernannt, wodurch sich das Finanzteam weiter verstärkt. Der Preis für diese Lieferung wird auf einen provisorischen, schwankenden Preis festgelegt, der 8,25 % des an der LME gehandelten Lithiumhydroxids entspricht. Sigma plant, seine kommerzielle Strategie im vierten Quartal mit zusätzlichen Partnerschaften in verschiedenen Regionen weiter zu diversifizieren.
- Consistent operational performance with 12th shipment of Quintuple Zero Green Lithium
- On track to meet 3Q production target of 60,000 tonnes
- Appointment of experienced CFO Rogerio Marchini to strengthen finance team
- Premium pricing for lithium shipment at 8.25% of Lithium Hydroxide LME price
- Plans for commercial diversification in Q4 with new partnerships
- None.
Insights
Sigma Lithium's consistent operational performance and diversification strategy are positive indicators. The 22,000t shipment to Mitsubishi, their second sale to this major Japanese conglomerate, demonstrates growing market acceptance and potential for long-term partnerships. The premium pricing at 8.25% of Lithium Hydroxide suggests strong product demand.
The company's ability to maintain near-monthly shipments and its plan to diversify commercial partnerships in Q4 could lead to improved revenue stability and reduced market risk. However, investors should monitor the volatile lithium market, as mentioned regarding "pronounced seasonality of demand and price swings" this summer.
The appointment of Rogerio Marchini as EVP of Corporate Finance and CFO, with his extensive experience in finance and energy transition, could strengthen the company's financial management and strategic planning capabilities, potentially benefiting long-term growth and investor relations.
Sigma Lithium's focus on Quintuple Zero Green Lithium production aligns with growing demand for sustainable battery materials in the electric vehicle industry. Their emphasis on carbon neutral, socially and environmentally sustainable lithium concentrate could provide a competitive advantage in a market increasingly concerned with ESG factors.
The company's ability to quantify environmental sustainability and social traceability of its product is a significant selling point. This approach not only appeals to environmentally conscious consumers but also to manufacturers looking to reduce their carbon footprint and meet stringent regulatory requirements.
However, investors should seek more detailed information on the specific measures and technologies employed to achieve the "Quintuple Zero" status, as well as any third-party verifications of these claims, to fully assess the long-term sustainability and market differentiation of Sigma Lithium's product.
HIGHLIGHTS
- Sigma Lithium maintains the operational consistency of a seasoned producer, shipping its 12th vessel of Quintuple Zero Green Lithium to Mitsubishi.
- This is Sigma Lithium's second sale to Mitsubishi, a large industrial and trading conglomerate ("keiretsu") headquartered in
Japan .
- This is Sigma Lithium's second sale to Mitsubishi, a large industrial and trading conglomerate ("keiretsu") headquartered in
- Sigma Lithium remains on track to deliver its 3Q production target of 60,000 tonnes of Quintuple Zero Green Lithium.
- Sigma Lithium has appointed Rogerio Marchini as Executive Vice President of Corporate Finance and Chief Financial Officer, bolstering the Company's finance team.
SÃO PAULO,
Commercial
The price of the Quintuple Zero Green Lithium for this 12th shipment is initially set at a provisional premium floating price equivalent to
The achievement of near-monthly production cadence increases commercial flexibility, allowing the Company to further its diversification strategy, selling into leading global battery supply chains.
- Sigma Lithium plans to further diversify its commercial strategy in the fourth quarter with additional commercial partnerships in different geographies.
- The Company's commercial success is enabled by the metallurgical properties as well as the quantifiable environmental sustainability and social traceability of its Quintuple Zero Green Lithium.
Rogerio Marchini Appointed Executive Vice President of Corporate Finance and CFO
Sigma Lithium is also pleased to announce the appointment of Rogerio Marchini to its senior leadership, as the new Executive Vice President of Corporate Finance and Chief Financial Officer ("CFO"). Rogerio is a prominent executive in
Rogerio will be supported by the current high caliber team of finance executives, including Caio Araujo, who remains at the Company as a Director of the Controller's Office and Felipe Peres, who led Sigma Lithium to its Nasdaq listing and was on medical leave in 2023, having returned to the Company as Director of Site Administration and Finance. Felipe will also be leading procurement and controls for the construction of the Phase 2 expansion of the Greentech Lithium Processing Plant, which will double Company capacity to 520,000t of Quintuple Zero Green Lithium (equivalent to approximately 80,000t of LCE).
CEO and Co-Chairperson Ana Cabral notes: "We are very pleased with our commercial partnership and deepening relationship with Mitsubishi. Mitsubishi's market visibility, as a Japanese industrial conglomerate keiretsu (carmaker, commercial bank, trading) has helped Sigma Lithium successfully navigate the pronounced seasonality of demand and price swings displayed by the lithium market this summer," she concluded.
"We are also delighted to welcome Rogerio Marchini to our senior leadership. Rogerio is a tremendous addition to our finance team, a seasoned Brazilian executive with significant experience in comparable companies encompassing key aspects of our business: energy transition and global exporting. In a testament to our culture of excellence and teamwork, Rogerio will be supported by two former Sigma Lithium CFOs who have been deployed to lead critical areas within the finance department. Rogerio's appointment further bolsters the strength of our finance team."
Qualified Persons Disclaim
Other disclosures in this news release of a scientific or technical nature at the Grota do Cirilo Project have been reviewed and approved by Iran Zan AusimM (Membership number FAusIMM (329132)), who is considered, by virtue of his education, experience and professional association, a Qualified Person under the terms of NI 43-101. Mr. Zan is not considered independent under NI 43-101 as he is Sigma Lithium co-Head of Geology and co-General Manager of Sigma Lithium. Mr. Zan has verified the technical data disclosed in this news release not related to the current Mineral Resource estimate disclosed herein.
ABOUT SIGMA LITHIUM
Sigma Lithium (NASDAQ: SGML, TSXV: 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 is 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
Phase 1 of the Company's operations entered commercial production in the second quarter of 2023. The Company has issued a Final Investment Decision, formally approving construction to double capacity to 520,000 tonnes of concentrate through the addition of a Phase 2 expansion of its Greentech Plant.
Please refer to the Company's National Instrument 43-101 technical report titled "Grota do Cirilo Lithium Project Araçuaí and Itinga Regions,
For more information about Sigma Lithium, visit https://www.sigmalithiumresources.com/
Sigma Lithium
LinkedIn: Sigma Lithium
Instagram: @sigmalithium
Twitter: @SigmaLithium
FORWARD-LOOKING STATEMENTS
This news release includes certain "forward-looking information" under applicable Canadian and
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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