- Sigma Lithium is honored to announce that Matthew DeYoe is joining as Executive Vice
President for Corporate Affairs and Strategic Development.
- Matthew joins Sigma Lithium from Bank of America, where he
was a leading coverage research director for lithium and chemical
companies over the past four years.
- Sigma Lithium is also augmenting its world-class
environmental team by hiring Alexandre
Mattos as Environmental Director.
- Alexandre joins Sigma Lithium from Kinross Mineração
Brazil, where he served for over
10 years. He has 18 years of experience running every operational
environmental aspect of a large producer in metals and
mining.
- The Company continues to add experienced top talent to
senior leadership roles as it becomes one of the world's largest
lithium producers, consolidating its leading sustainability
position.
SAO
PAULO, Oct. 26, 2023 /CNW/ -- Sigma Lithium
Corporation ("Sigma Lithium" or the "Company")
(NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34), a leading
global lithium producer dedicated to powering the next generation
of electric vehicles with carbon neutral, socially and
environmentally responsibly sourced Triple Zero Green Lithium, is
pleased to announce that it continues to add experienced top talent
to senior leadership roles as it becomes one of the world's largest
lithium producers, consolidating its leading sustainability
position.
Sigma Lithium is honored to announce that Matthew DeYoe is joining the Company from Bank
of America, where he was the leading coverage research director for
lithium and chemical companies over the past four years.
Matthew will join as the Company's Executive Vice President for
Corporate Affairs and Strategic Development, based in the United States. This appointment seeks to
enhance Sigma Lithium's direct personal interface with global
investors, maximizing the value of Sigma Lithium's common shares
listing on the Nasdaq Stock Exchange, where the Company's public
float currently trades. Matthew will start his new position
effective immediately.
Matthew will also advise the management team on its growth
strategy and new market opportunities. Prior to Bank of America,
Matthew held positions on the buy-side at hedge funds where he
specialized in chemical, lithium, and energy investments. Matthew
holds a Bachelor of Science degree in Business Administration from
Georgetown University and is a CFA
charterholder.
Sigma Lithium is also augmenting its world-class environmental
team by hiring Alexandre Mattos as
Environmental Director. Alexandre has 18 years of experience
running every operational environmental aspect of a large producer
in metals and mining. He joins Sigma Lithium from Kinross Mineração
Brazil, which has over 1,700
people at its operating site in Brazil. He served there for over 10 years and
oversaw a team of 53 full-time employees and an additional 30
contractors.
Alexandre's role extended across Kinross' largest mining operations as well as
its hydroelectric plants. His oversight encompassed various
critical areas, including environmental controls, biodiversity
preservation, water resources, integrated management systems, and
licensing. Alexandre's responsibilities also included work safety,
occupational hygiene, emergency preparedness and management, and
critical risk mitigation. Alexandre is an environmental engineer
and holds a master's degree in Land Planning and Environmental
Management from Universitat de Barcelona,
Spain. He also holds a post graduate degree in Occupational
Safety from PUC in Brazil as well
as an MBA in Environmental Studies from Fundação Getulio Vargas in Brazil. Alexandre will be based at Sigma
Lithium headquarters at Vale do Jequitinhonha, where he will work
alongside Sigma's general managers and senior operating team.
Matthew DeYoe commented,
"Sigma Lithium appealed to me as a company that is executing at
a high level. The team at Sigma has delivered on its commitments
time and again. With a low cost position and significant
opportunity for growth, it is easy to see Sigma becoming a market
leader in the lithium supply chain. The company is also doing it
the right way. Sigma's commitment to sustainability and carbon
neutrality make it a force for good in a world which often
sacrifices these issues."
"I look forward to contributing my experience to Sigma
Lithium's Canadian and Brazilian investor relations teams to unlock
significant shareholder value as the company has transitioned to a
producer and cash flow generator," he continued.
Commenting on the appointment, co-Chairperson and CEO
Ana Cabral said, "Sigma Lithium
has delivered on every operational and sustainability milestone on
time. Matt's willingness to lend his expertise and experience is a
testament to his belief in our execution expertise and vision to
join the select group of global lithium super majors: large scale
and low-cost producers. We are now shipping over 20,000 tonnes a
month, reaching over 90% of ramp up capacity, and annualizing
270,000 tonnes a year. Several of our exceptionally driven teams
will be further bolstered by the appointment of Matthew DeYoe, with his depth of knowledge and
experience in the lithium industry. He has hit the ground running,
visiting our Greentech Plant and production site and teams in
Brazil this week, and will join me
in Sydney, Australia at our
investor event during the International Mining and Resources
Conference (IMARC)."
ABOUT SIGMA LITHIUM
Sigma Lithium (NASDAQ: SGML, BVMF:
S2GM34, TSXV: SGML) 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 Triple Zero Green Lithium
from its Grota do Cirilo Project in Brazil. Phase 1 of the project is expected to
produce 270,000 tonnes of Triple 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 Triple
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.
Please refer to the Company's National Instrument 43-101
technical report titled "Grota do Cirilo Lithium Project Araçuaí
and Itinga Regions, Minas Gerais, Brazil, Amended and Restated Technical Report"
issued June 12, 2023, 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., MBA, 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 Grota 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.
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SOURCE Sigma Lithium
