SIGMA LITHIUM SHIPPING 22,000t TO ABU DHABI's IRH IN COMMERCIAL ALLIANCE FOR SUSTAINABLY AND ETHICALLY PRODUCED LITHIUM MATERIALS; SURPASSES 3Q 2024 PRODUCTION TARGET OF 60,000t
Sigma Lithium announces shipment of 22,000 tonnes of Quintuple Zero Green Lithium to Abu Dhabi's International Resources Holding (IRH), marking their first transaction together. The provisional price is set at 8.25% of battery-grade lithium carbonate quoted at GFEX. The company surpassed its Q3 2024 production target, producing 60,237 tonnes, a 22% increase from Q2. The Greentech Plant achieved daily production records exceeding 860 tonnes for extended periods. This partnership demonstrates both companies' commitment to creating a low-cost, resilient global supply chain focused on traceable and ethically sourced lithium materials.
Sigma Lithium annuncia la spedizione di 22.000 tonnellate di Quintuple Zero Green Lithium ad Abu Dhabi presso International Resources Holding (IRH), segnando la loro prima transazione insieme. Il prezzo provvisorio è fissato all'8,25% del litio carbonato di qualità per batterie quotato su GFEX. L'azienda ha superato il suo obiettivo di produzione per il terzo trimestre 2024, producendo 60.237 tonnellate, un aumento del 22% rispetto al secondo trimestre. L'impianto Greentech ha raggiunto record di produzione giornaliera, superando le 860 tonnellate per periodi prolungati. Questa partnership dimostra l'impegno di entrambe le aziende nella creazione di una catena di approvvigionamento globale a basso costo e resiliente, focalizzata su materiali in litio tracciabili ed eticamente ottenuti.
Sigma Lithium anuncia el embarque de 22,000 toneladas de Quintuple Zero Green Lithium a Abu Dhabi para International Resources Holding (IRH), marcando su primera transacción juntos. El precio provisional se establece en el 8.25% del carbonato de litio de calidad para baterías cotizado en GFEX. La empresa superó su objetivo de producción del tercer trimestre de 2024, produciendo 60,237 toneladas, lo que representa un aumento del 22% en comparación con el segundo trimestre. La planta Greentech logró récords de producción diaria, superando las 860 toneladas durante períodos prolongados. Esta asociación demuestra el compromiso de ambas empresas para crear una cadena de suministro global resiliente y de bajo costo, centrada en materiales de litio trazables y obtenidos éticamente.
시그마 리튬은 아부다비의 국제 자원 홀딩스 (IRH)에 22,000톤의 퀸트플 제로 그린 리튬을 배송했다고 발표하며, 이는 두 회사 간의 첫 거래입니다. 임시 가격은 GFEX에서 인용된 배터리 등급 리튬 탄산염의 8.25%로 설정되었습니다. 이 회사는 2024년 3분기 생산 목표를 초과 달성하며 60,237톤을 생산했으며, 이는 2분기 대비 22% 증가한 수치입니다. 그린테크 공장은 장기간에 걸쳐 860톤을 초과하는 일일 생산 기록을 달성했습니다. 이 파트너십은 두 회사가 추적 가능하고 윤리적으로 조달된 리튬 재료에 중점을 두고 저비용의 회복력 있는 글로벌 공급망을 구축하기 위해 노력하고 있음을 보여줍니다.
Sigma Lithium annonce l'expédition de 22 000 tonnes de Quintuple Zero Green Lithium à Abu Dhabi pour International Resources Holding (IRH), marquant leur première transaction ensemble. Le prix provisoire est fixé à 8,25 % du carbonate de lithium de qualité batterie coté sur GFEX. L'entreprise a dépassé son objectif de production pour le troisième trimestre 2024, produisant 60 237 tonnes, soit une augmentation de 22 % par rapport au deuxième trimestre. L'usine Greentech a atteint des records de production quotidienne dépassant 860 tonnes pendant des périodes prolongées. Ce partenariat démontre l'engagement des deux entreprises à créer une chaîne d'approvisionnement mondiale résiliente et à faible coût, axée sur des matériaux en lithium traçables et éthiquement sourcés.
Sigma Lithium kündigt den Versand von 22.000 Tonnen Quintuple Zero Green Lithium an International Resources Holding (IRH) in Abu Dhabi an, was ihre erste gemeinsame Transaktion markiert. Der vorläufige Preis wird auf 8,25 % des batteriequalitäts Lithiumcarbonats festgelegt, das an GFEX notiert ist. Das Unternehmen hat sein Produktionsziel für das 3. Quartal 2024 übertroffen und 60.237 Tonnen produziert, was einem Anstieg von 22 % im Vergleich zum 2. Quartal entspricht. Das Greentech-Werk erreichte tägliche Produktionsrekorde von über 860 Tonnen über längere Zeiträume. Diese Partnerschaft zeigt das Engagement beider Unternehmen, eine kostengünstige und resiliente globale Lieferkette zu schaffen, die sich auf nachverfolgbare und ethisch beschaffte Lithiummaterialien konzentriert.
- Surpassed Q3 2024 production target with 60,237 tonnes produced
- 22% production increase from Q2 2024
- Achieved daily production records exceeding 860 tonnes
- New commercial alliance with IRH, expanding market reach
- Operating at annualized design capacity of 270,000t
- None.
Insights
This commercial alliance with IRH marks a significant strategic expansion for Sigma Lithium. The
The partnership with Abu Dhabi's IRH brings access to strong financial backing and strategic positioning in the Middle East market. The consistent near-monthly shipment cadence and production records above
Sigma's Quintuple Zero Green Lithium strategy aligns perfectly with growing market demands for sustainable and traceable battery materials. Their focus on ethical production and environmental sustainability creates a competitive advantage in markets prioritizing ESG compliance. The partnership with IRH specifically targets building transparent, sustainable supply chains - a important differentiator in the lithium market.
The emphasis on traceability and ethical sourcing positions Sigma advantageously against competitors using more opaque sourcing methods. This could lead to premium pricing and preferred supplier status with environmentally conscious manufacturers, particularly in the expanding electric vehicle sector.
HIGHLIGHTS
- The Company announces that it is shipping 22,000 tonnes of Quintuple Zero Green Lithium to International Resources Holding (IRH), the official trading company established by the Abu Dhabi Emirate.
- This represents Sigma's first transaction with IRH, broadening its commercial strategy of encompassing partners with strong balance sheets.
- Provisional price for this shipment is set at
8.25% of the price of battery grade lithium carbonate quoted at GFEX at shipment date.
- This shipment demonstrates a shared commitment of Sigma Lithium and IRH to create a low cost, resilient global supply chain built upon the foundation of delivering lithium materials that enable traceability and ethical sourcing of lithium chemicals.
- Sigma Lithium continues to deliver operational excellence with 60,237t of Quintuple Zero Green Lithium produced in 3Q, representing an increase of
22% from 2Q and surpassing our 60,000t guidance.- Greentech Plant production reached daily records of >860t for extended periods during 3Q
- The increased production levels demonstrate the perfect suitability of dense medium separation technology for the lithium industrial processing and beneficiation at Sigma's Grota do Cirilo operations.
- Combined, the improved production and consistent shipment patterns drive Sigma's flexibility in establishing new commercial alliances, enabling the execution of the Company's strategy to diversify sales across different geographies and clients.
- The Company's commercial success is furthered by the superior metallurgical properties and associated value-in-use of its Quintuple Zero Green Lithium, which enables cost savings for refineries.
- The Company's commercial success is furthered by the superior metallurgical properties and associated value-in-use of its Quintuple Zero Green Lithium, which enables cost savings for refineries.
- Sigma Lithium's commercial strategy is to create alliances, encompassing multi-industry platforms, to build a global, geoeconomically neutral, supply chain of lithium materials that are ethically produced, low carbon, environmentally and socially sustainable: in line with the ethos of environmentally and socially conscious consumers of electric vehicles.
SÃO PAULO,
On September 30, 2024, Sigma concluded an export sale at its Victoria Port warehouse for 9,000t of Quintuple Zero Green Lithium concentrate with the additional 13,000t balance of the total 22,000t shipment to IRH booked in the fourth quarter.
The value of the Quintuple Zero Green Lithium for this 13th shipment is initially set at a provisional floating price equivalent to
The achievement of a near-monthly shipment cadence increases the commercial flexibility of the Company, allowing it to further its diversification strategy, and help global battery supply chains decarbonize.
All in, production of Quintuple Zero Green Lithium concentrate for the third quarter totaled 60,237t, surpassing the Company's 60,000t target. This includes numerous daily production records and periods of sustained operations above 860t per day. The performance represents a
CEO and Co-Chairperson Ana Cabral notes: "We are delighted to begin a commercial alliance with
IRH is a leading participant in metals trading, backed by
"We are also very pleased with our increased operational performance, which delivered on production targets for the third quarter and continues the same stride into the fourth quarter. We remain on track to deliver on our brownfield investments, while executing the strategic initiatives laid out at our recent investor day," she concluded.
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 with an annual production capacity of 270,000 tonnes of chemical grade lithium concentrate (36,700 LCE annually). 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 project entered commercial production in 2Q23 and has an annual capacity of 270,000 tonnes of concentrate (36,700 LCE annually).The Company has issued a Final Investment Decision formally approving construction to nearly 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
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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