HIGHLIGHTS
- Sigma Lithium has been honored with the participation in a
trade mission to China invited
by ApexBrasil, the export and investment trade agency of the
Brazilian Government, from June 5 –
7th, during COSBAN, to mark the 50th
anniversary of diplomatic relations between the countries
- The Company's Co-Chairperson and CEO, Ana Cabral, will
be moderating and participating in dialogues with the thematic "New
Industry and the Role of Critical Minerals to the Energy
Transition" and "Financing Sustainable Development, a Brazil-China
Climate and Finance Dialogue."
- On the trip, Sigma Lithium will join some of the most
successful Brazilian companies in each of their respective sectors:
Vale, Embraer (Aircrafts), Suzano (Pulp and Paper), WEG
(Industrials), Prumo (Logistics), Bradesco (Bank), BRF
(Foods).
- The trade mission for private sector companies is comprised
of participation in symposiums organized by ApexBrasil, CEBRI,
CEBC, ICS, and Asian Infrastructure Investment Bank, with the
objective to discuss joint opportunities to foster and increase
trade and investments between China and Brazil
- Sigma Lithium's participation in the trade mission is an
integral part of a series of initiatives by the Company to
highlight the protagonism of the Brazilian lithium materials
industry and its unique capability to enable the decarbonization of
global electric vehicle supply chains by consistently delivering
Quintuple Zero Green Lithium (zero carbon lithium) in large scale,
throughout the pricing cycles.
Sigma Lithium is also pleased to participate and to sponsor
(through Instituto Litio Verde) two major global events discussing
climate and energy transition convening in Rio de Janeiro in June, as a result of
Brazil's protagonist role as G20
host in 2024. Sigma Lithium's Executive Vice President for Business
Development, Matthew Deyoe, will
represent the Company in the G20 events in Rio.
-
- The Company also joins, for the second time, The Aspen
Institute-Columbia Global Energy Forum
- On June 5th, the
Company is also participating as a global sponsor of a symposium
themed "Brazil Energy Transition in Light of G20 meetings", led by
Columbia's Jason Bordoff and Thomas
Trebat, organized by both the Columbia University Climate Institute and
Columbia University Center on Global
Energy Policy.
The event features panels exploring various facets of the
transition to a sustainable future with keynote addresses to be
delivered by Brazil's Minister of
Mines and Energy, Alexandre
Silveira, and by Fernando
Gabeira, the founder of Brazil's Green Party and one of the country's
most prominent environmental leaders. Matthew Deyoe will be participating on a panel
on the "Role of Critical Minerals for the Energy
Transition".
SÃO PAULO, June 5, 2024
/CNW/ -- Sigma Lithium Corporation ("Sigma
Lithium" or the "Company") (NASDAQ: SGML, BVMF:
S2GM34, TSXV: SGML), a leading global lithium producer
dedicated to powering the next generation of electric vehicles with
carbon neutral, socially and environmentally sustainable lithium
concentrate, is honored to announce its participation in a Trade
and Investment Mission to China to
celebrate 50 years of diplomatic relations between the countries,
led by Brazil's Vice President,
Geraldo Alckmin. The Company is also
pleased to announce its participation in upcoming symposiums
discussing Brazil's role in the
energy transition held in connection with Brazil hosting of G20 this year.
Sigma Lithium will be represented by its CEO,
Ana Cabral, during the Trade
Mission to China participating in
the symposiums organized by ApexBrasil (Brazilian
Government Investment and Trade Agency), CEBRI (foreign relations
think tank), the China-Brazil Business Council, ICS (climate
think tank) and the Asian Infrastructure Investment Bank. On
the trip, Sigma Lithium will join leading Brazilian
enterprises, such as Embraer, WEG, Vale,
Suzano, Bradesco, Prumo, and BRF.
As the severe consequences of climate change continue to deeply
affect the south of Brazil, and the country prepares to host
COP30 in 2025, Ana Cabral will be moderating a number
of panels, including "New Industry and the Role of
Critical Minerals to the Energy Transition". The participants of
the panel include the CEO of Embraer and executives from Suzano,
Vale, Great Wall Motors, Huawei and Fiberhome.
Sigma Lithium will also participate in the conference "Financing
Sustainable Development, a Brazil-China Climate and Finance
Dialogue". The event will focus on the challenges of delivering a
socially just energy transition, highlighting the importance of
Brazil, a non-aligned, investor
friendly, industrialized economy, in establishing globally
resilient green supply chains, while potentially capturing for the
country the benefits of a shift to a "China-plus-one" strategy by global supply
chain across industries.
Sigma Lithium is leading a new wave of global critical minerals
green industrialization as the world's fourth- largest operating
industrial mining lithium complex. The Company has enabled
Brazil to gain an influential role
as a sustainability leader in the global lithium supply chain by
producing the most sustainable lithium in the world. Sigma's
Quintuple Zero Green Lithium (zero carbon, zero usage of potable
water, zero tailing dams, zero dirty power, zero toxic chemicals),
is the first lithium concentrate fully aligned with the ethos of
electric vehicle consumers.
Mrs. Cabral was recently named "Industrial Personality of
the Year" by FIEMG, the industry association of the state of Minas
Gerais, in recognition of her success in transforming
Sigma Lithium into a leader of the green neo-industrialization of
Brazil. She led Sigma
Lithium's execution of its industrial strategy, transforming
the company into a resilient producer integrated to processing
and beneficiation, adding considerable value to critical
materials. Sigma Lithium developed world class industrial
capabilities in one of the poorest regions in Brazil, in
a manner aligned with climate goals and a just transition.
The Company's investment in social capital expenditures
has enabled the potential creation of approximately 21,000
jobs with its inclusion programs of microcredit and
irrigation systems for family subsistence farming.
Sigma Lithium's participation in the Vice-Presidential
Trade Mission to China is an
integral part of a series of initiatives by the Company and its
philanthropic foundation, Instituto Lito Verde, to
mark its first year of operations at Vale do Jequitinhonha in Minas
Gerais, Brazil.
Other events include a seminar held at Nasdaq in
New York in May to
mark the one-year anniversary of the launch
of the "Lithium Valley Initiative," celebrating
the social transformation at Vale do Jequitinhonha. As
well as a Nasdaq launch of "Brazil Battery Materials," widening the
"Lithium Valley Initiative" to include other future-facing
materials attracting investments to build integrated mineral and
processing industries in the country demonstrating its potential to
"lift the people" and promote a just transition.
- Formerly one of the poorest regions in Brazil, the Vale do Jequitinhonha is
now growing at 20% year, a result of the creation of over 14,000
job positions and billions of reals in planned investments.
The event was keynoted by the Governor of the state of Minas
Gerais, Romeu Zema, Nasdaq Vice
Chairman, Bob McCooey, and Nasdaq Director of Business
Development, Ivana Ferreira.
Sigma Lithium is also pleased to participate and to sponsor
(through Instituto Litio Verde) two major global events discussing
climate and energy transition convening in Rio de Janeiro in June as a result of
Brazil's protagonist role as G20
host in 2024.
-
- The Company will participate for the second time at the Aspen
Institute-Columbia Global Energy Forum. Sigma Lithium will be
represented by its Executive Vice President for Business
Development, Mathew Deyoe. He joins Juan Carlos Jobet (former
Minister of Mines of Chile),
Mari Pangestu (former Minister of
Trade of Indonesia) and
Marilia Melo (Environmental
Secretary of the state of Minas Gerais) in discussing Brazil's potential to play a significant role
in ensuring resilience of global supply chains of several future
facing minerals from copper to rare earths.
- Several of the most influential representatives of the global
dialogue of energy transition will take part in the event,
including executives from global multilaterals and thought
leaders: IRENA, IEA, CAF, World Bank, International Finance
Corporation, International Monetary Fund, BNDES, Carnegie Endowment
for International Peace, Environmental Defense Fund, Oil & Gas
Climate Initiative, and OPEC
- Sigma will join other leading global companies at the forefront
of the energy transition including Siemens, Raizen, Vale,
Codelco, and Equinor.
- On June 5th, the
Company is also participating as a global sponsor of a symposium
themed "Brazil Energy Transition in Light of G20 meetings", led by
Columbia's Jason Bordoff and Thomas
Trebat, organized by both the Columbia
University Climate Institute and Columbia University Center on Global Energy
Policy.
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 operates at the forefront of environmental and
social sustainability in the EV battery materials supply chain and
is currently producing Quintuple Zero Green Lithium concentrate
from its Grota do Cirilo Project in Brazil. 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 plans to nearly
double capacity to 520,000 tonnes of concentrate through the
addition of a Phase 2 concentrate mine and associated mine. The
project produces lithium concentrate at 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 March 19, 2024, 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
William van Breugel, P.Eng (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.
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SOURCE Sigma Lithium