Sigma finishes 2023 with a final 22,000-tonne shipment of Quintuple Zero Green Lithium concentrate
January 02, 2024 at 05:00 pm IST
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Sigma Lithium CEO Ana Cabral-Gardner joined Steve Darling from Proactive announcing the company's final shipment for 2023 of Quintuple Zero Green Lithium concentrate. This marks the end of a truly transformative year for the company.
Cabral-Gardner explained that the fifth shipment of sustainable lithium concentrate is en route to Glencore at the Port of Vitoria and is expected to arrive before the end of the year. Glencore has agreed to prepay 50% of the shipment's value upon completion of loading. This prepayment reflects a provisional premium price for Sigma Lithium's unique Quintuple Zero Green Lithium concentrate.
Over the past twelve months, Sigma Lithium has achieved remarkable milestones, from successfully commissioning the crushing unit in December 2022 on schedule and within budget to sustaining nameplate production levels at its Greentech lithium concentrate plant in December 2023. These operating rates support a monthly shipment cadence of approximately 22,000 tonnes throughout 2024, equivalent to an annual output of approximately 270,000 tonnes of Quintuple Zero Green Lithium concentrate.
This achievement underscores the company's significant progress and commitment to sustainable lithium production.
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Proactive Investors
+1 604-688-8158
na-editorial@proactiveinvestors.com
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Sigma Lithium Corporation is a Canada-based global lithium producer engaged in powering electric vehicle batteries with environmentally sustainable and high-purity lithium. The Company is producing Triple Zero Green Lithium from its Grota do Cirilo Project in Brazil. The Company holds a 100% interest in four mineral properties: Grota do Cirilo, Sao Jose, Santa Clara, and Genipapo, located in the municipalities of Aracuai and Itinga, in the Vale do Jequitinhonha region in the State of Minas Gerais, Brazil (Lithium Properties). It has exploration potential including over 200 identified pegmatites on its 20,000-hectare land package, representing about 29 mineral rights. The Company has mineral properties in the exploration and evaluation stage. Its Project is located in the northeastern part of the state of Minas Gerais, in the municipalities of Aracuai and Itinga, approximately 25 kilometers (km) east of the town of Aracuai and 600 km northeast of Belo Horizonte, the state capital.