VANCOUVER, BC, June 5, 2023
/CNW/ -- SIGMA Lithium Corporation ("Sigma Lithium"
or the "Company") (NASDAQ: SGML, TSXV:
SGML), dedicated to powering the next generation of
electric vehicles with environmentally sustainable and high-purity
lithium, is pleased to announce that CEO and Co-Chairperson
Ana Cabral-Gardner is attending a
commemorative ceremony with the President of the Federative
Republic of Brazil, Luiz Inacio Lula da Silva and the Environment
and Climate Change Minister, Marina
Silva, at the presidential Palácio do Planalto in Brasília,
on Monday afternoon.
Sigma Lithium CEO Ana
Cabral-Gardner was invited together with other business
leaders, distinguished environmentalists and representatives of
civil society, congressmen, and senior members of the federal
government to participate in a high-level dialogue to discuss the
most pressing environmental topics that affect Brazil today and in the future. Sigma Lithium
executives also attending the commemorative ceremony include:
Ligia Pinto (Institutional Relations
Director), Marina Bernardini (Chief
Marketing Officer) and Vicente Lobo
(Co-Chair of the Technical Committee).
CEO and Co-Chairperson Ana
Cabral-Gardner said the following about this important
event: "On this World Environment Day, we are honored to join this
ceremony to celebrate "Green Brazil" with the Brazilian Federal
Government, alongside other business leaders and prominent
environmentalists. Sigma Lithium's contribution to environmental
sustainability has been widely recognized as placing Brazil on a unique trajectory in the lithium
industry: Sigma Lithium is the only "Zero Tailings" global
producer. That, added to our efficient water usage, low carbon and
zero chemicals, drive the competitive advantage of the Company as a
supplier of "Green Lithium" and "Green Tailings", as we contribute
to enable the "Green Battery" to support electric
vehicles."
Sigma Lithium recently began producing high purity 5.5% battery
grade sustainable lithium ("Green Lithium") in April of this
year, in a process that uses 100% renewable energy and recycled
water at its Greentech lithium processing plant ("Greentech
Plant"). More recently, Sigma Lithium announced a pioneering
deal to move towards "Zero Tailings" by selling its high-purity,
zero chemicals, approximately 1.3% lithium oxide, ultra-fine
tailings generated by the Greentech Plant ("Green
Tailings"). The Company's first shipment of 15,000 tonnes of
Green Lithium and 15,000 tonnes of Green Tailings is expected in
June 2023.
ABOUT SIGMA LITHIUM
Sigma Lithium (NASDAQ: SGML, TSXV:
SGML) is a company dedicated to powering the next generation of
electric vehicle batteries with environmentally sustainable and
high-purity lithium.
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 Green Lithium from its
Grota do Cirilo Project in Brazil.
Phase 1 of the project is expected to produce 270,000 tonnes of
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 Green Lithium in a state-of-the-art Greentech lithium
plant that uses 100% renewable energy, 100% recycled water and 100%
dry-stacked tailings. Please refer to the Company's National
Instrument 43-101 technical report titled "Grota do Cirilo Lithium
Project, Araçuai and Itinga Regions, Minas Gerais, Brazil, Updated Technical Report" dated
October 31st, 2022, which
was prepared for Sigma Lithium by Homero
Delboni Jr., MAusIMM, Promon Engenharia; Marc-Antoine Laporte, P.Geo, SGS Canada Inc.;
Jarrett Quinn, P.Eng., Primero Group
Americas; Porfirio Cabaleiro
Rodriguez, (Meng), FAIG, GE21 Consultoria Mineral; and
Noel O'Brien, B.E., MBAC, F AusIMM
(the "Updated Technical Report"). The Updated Technical Report is
filed on SEDAR and is also available on the Company's website.
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 U.S. securities
legislation, including but not limited to statements relating to
timing and costs related to the general business and operational
outlook of the Company, the environmental footprint of tailings and
positive ecosystem impact relating thereto, donation and upcycling
of tailings, timing and quantities relating to tailings and Green
Lithium, achievements and projections relating to the Zero Tailings
strategy, achievement of ramp-up volumes, production estimates and
the operational status of the Groto do Cirilo Project, and other
forward-looking information. All statements that address future
plans, activities, events, estimates, expectations or developments
that the Company believes, expects or anticipates will or may occur
is forward-looking information, including statements regarding the
potential development of mineral resources and mineral reserves
which may or may not occur. Forward-looking information contained
herein is based on certain assumptions regarding, among other
things: general economic and political conditions; the stable and
supportive legislative, regulatory and community environment in
Brazil; demand for lithium,
including that such demand is supported by growth in the electric
vehicle market; the Company's market position and future financial
and operating performance; the Company's estimates of mineral
resources and mineral reserves, including whether mineral resources
will ever be developed into mineral reserves; and the Company's
ability to operate its mineral projects including that the Company
will not experience any materials or equipment shortages, any
labour or service provider outages or delays or any technical
issues. Although management believes that the assumptions and
expectations reflected in the forward-looking information are
reasonable, there can be no assurance that these assumptions and
expectations will prove to be correct. Forward-looking information
inherently involves and is subject to risks and uncertainties,
including but not limited to that the market prices for lithium may
not remain at current levels; and the market for electric vehicles
and other large format batteries currently has limited market share
and no assurances can be given for the rate at which this market
will develop, if at all, which could affect the success of the
Company and its ability to develop lithium operations. There can be
no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
disclaims any intention or obligation to update or revise any
forward-looking information, whether because of new information,
future events or otherwise, except as required by law. For more
information on the risks, uncertainties and assumptions that could
cause our actual results to differ from current expectations,
please refer to the current annual information form of the Company
and other public filings available under the Company's profile at
www.sedar.com.
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.
SOURCE Sigma Lithium