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SIGMA LITHIUM SHIPS 22,000 TONNES OF LITHIUM CONCENTRATE: GLENCORE PREPAID 50% AT PREMIUM PRICES

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SIGMA LITHIUM SHIPS 22,000 TONNES OF LITHIUM CONCENTRATE: GLENCORE PREPAID 50% AT PREMIUM PRICES

 

 

 

 

 

HIGHLIGHTS

  • Sigma Lithium announces that it is completing the loading of 22,000 tonnes of Quintuple Zero Green Lithium to Glencore at the Port of Vitoria tonight.
  • Glencore has prepaid 50% for the shipment of Sigma’s Quintuple Zero Green Lithium concentrate at a provisional premium price of 7.5% of the quoted LME/Fastmarkets lithium hydroxide price (average China, Japan, South Korea).
  • This shipment demonstrates the consistent performance of Sigma Lithium’s Greentech Plant achieving annualized nameplate capacity of 270,000 tonnes of Quintuple Zero Green Lithium.
  • Sigma Lithium has been producing Quintuple Zero Green Lithium as a result of having effectively lowered its carbon footprint with a series of pioneering initiatives, paving the way forward for the battery materials sector, as follows:
    • Zero Net Carbon (neutrality achieved through Amazon Rainforest VERRA Carbon Credits)
    • Zero Use of Coal Based Power
    • Zero Tailings Dams
    • Zero Utilization of Potable Water
    • Zero Use of Hazardous Chemicals

 

Sigma Lithium Corporation (NASDAQ: SGML) (BVMF: S2GM34) (TSX-V: SGML), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, announces it has completed loading its sixth shipment of concentrate, totalling 22,000 tonnes, at the Port of Vitoria.

 

Glencore AG has prepaid 50% of the sixth shipment’s value. This prepayment reflects premium pricing at a 7.5% provisional price of lithium hydroxide at LME (average China, Japan, South Korea) for the Company’s unique Quintuple Zero Green Lithium concentrate. The shipment is part of a commercial distribution and marketing agreement with Glencore that aims to build a low carbon, environmentally and socially sustainable global lithium supply chain for electric vehicles.

 

Keith Prentice, Co-General Manager commented: “Our Greentech Plant reached 270,000 tonnes of annualized nameplate capacity just a few months ago and has already managed to achieve the production consistency and cadence delivered only by large scale producers.

 

Catarina Noci, Commerical Director commented: “Sigma Lithium is the newest entrant in a highly competitive global lithium market. Our significant commercial success is a result of the unique technical properties of our lithium concentrate including high purity and coarseness.

 

Sigma Lithium has managed to industrialize a unique Quintuple Zero Green Lithium, recognized at COP28 as the most sustainable lithium in the world:

  • Zero Net Carbon: First large-scale producer in the lithium industry to achieve carbon neutrality.
  • Zero Coal Power at Greentech Plant: 100% renewable power.
  • Zero Tailings Dams: 100% dry stacked tailings.
  • Zero Utilization of Potable Water: Sewage treatment for solid fecal residues for Greentech plant inbound water.
  • Zero Use of Hazardous Chemicals in manufacturing process of lithium concentrate.

 

ABOUT SIGMA LITHIUM

 

Sigma Lithium 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 has been at the forefront of environmental and social sustainability in the EV battery materials supply chain for six years and it is currently producing Quintuple Zero Green Lithium from its Grota do Cirilo Project in Brazil. Phase 1 of the project is expected to produce 270,000 tonnes of Quintuple Zero Green Lithium annually (36,700 LCE annually). If it is determined to proceed after completion of an ongoing feasibility study, Phase 2 & 3 of the project are expected to increase production to 766,000 tonnes annually (or 104,200 LCE annually). The project produces Quintuple Zero Green Lithium in its state-of-the-art Greentech lithium plant that uses 100% renewable energy, 100% recycled water and 100% dry-stacked tailings.

 

Posted February 6, 2024

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