FUTURE INVESTMENTS INITIATIVES
- Sigma Lithium was honored to join a delegation from
Saudi Arabia, the President of
Brazil, the Governor and Mayor of
Rio de Janeiro and business
leaders at Saudi Arabia's Future
Investments Initiatives Priority Summit held in Rio de Janeiro, ahead of the 2024 G20
summit in Brazil.
- Under the theme "Invest in Dignity," Saudi Arabia's first flagship summit in
Brazil explored investing in the
energy transition, technology, and how social inclusion can build a
global order that prioritizes dignity for all.
- Sigma Lithium's Vice President of Institutional
Relationships and Government Affairs, Ligia
Pinto, co-chaired a discussion conclave with Saudi Aramco on
"Transforming Foundations Beyond Energy: The Imperative of
Materials Transition" and joined the CEO of Vale and the President
and CTO of Lilac Solutions in a discussion about the "Geoeconomics
of Mining & Critical Resources."
- Sigma Lithium shared its sustainability journey on a
topic that is at the core of the Company's purpose and
ethos: improving the lives of the people of Brazil's Jequitinhonha Valley, where its
operations are based.
WHARTON
- Sigma Lithium also hosted a delegation of professors from
the Wharton School of the University of
Pennsylvania at its industrial site in Brazil's Vale do Jequitinhonha in Minas
Gerais.
- The tour provided a concrete experience of Brazil's burgeoning role in the global lithium
industry and the energy transition and an opportunity to learn more
about the production of Sigma Lithium's Quintuple Zero Green
Lithium.
SÃO PAULO, Brazil, June 19,
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, was honored to join the Saudi
Arabian delegation, the President of Brazil, the Governor and Mayor of Rio de Janeiro and several prominent business
leaders at Saudi Arabia's Future
Investments Initiatives Priority Summit held in Rio de Janeiro, ahead of the 2024 G20 summit
in Brazil.
FII: INVEST IN DIGNITY
Under the theme "Invest in Dignity," Saudi Arabia's first flagship summit in
Brazil explored investing in the
energy transition, technology, and how social inclusion can build a
global order that prioritizes dignity for all.
Sigma Lithium's Vice President of Institutional Relationships
and Government Affairs, Ligia Pinto, Co-Chaired with Saudi
Aramco the Conclave "Transforming Foundations Beyond Energy: The
Imperative of Materials Transition."
Sigma Lithium shared its sustainability journey on a topic that
is at the core of the company's purpose and ethos: improving the
lives of the people of Brazil's Jequitinhonha Valley, where its
operations are based.
"Invest in Dignity" is a theme that's close to Sigma Lithium's
founding principles and to the people of Brazil's Jequitinhonha Valley, where
Sigma Lithium's operations are based. Formerly one of the country's
poorest regions, the valley's economy is now growing by 20% a year,
a result of the creation of over 14,000 jobs, billions of reals in
planned investments and Sigma Lithium's social inclusion programs
(microcredit and family agriculture support, amongst Brazil's largest).
"We delivered to the world a new lithium project in the
Brazilian way, socially and environmentally sustainable," Pinto
said.
Pinto also spoke in the panel discussion "Geoeconomics of Mining
& Critical Resources", where she joined the CEO of Vale, the
President and CTO of Lilac Solutions (a U.S.-based designer and
builder of lithium extraction solutions backed by Gates Ventures)
and Jose Luis Manzano, (President of
Argentina's Integra Capital).
Here, she stressed that "the world ought to ponder putting aside
geoeconomic rivalries to achieve a just and inclusive energy
transition that collectively accelerates tackling climate
change".
"Brazilians should be proud of Sigma because it has brought
worldwide good practices to the lithium industry," said Jose
Luis Manzano, President of Argentina's Integra Capital.
"At Sigma Lithium we are enablers," Pinto said. "We're
shipping a new product to the world, the Quintuple Zero Green
Lithium, which has superior technical qualities and embodies the
environmentally sustainable just transition as it is produced in
line with the ethos of electric vehicles. We are here to supply
every supply chain focused on these attributes, in all
countries."
"A stark reminder of the urgency of tackling climate change for
humanity is demonstrated by Brazil's recent tragic experience with the
floods in the south of the country, leaving hundreds of thousands
Brazilians displaced from their homes" She added.
WHARTON
Sigma Lithium also hosted a delegation of professors from
the Wharton School of the University of
Pennsylvania at its industrial site in Brazil's Vale do Jequitinhonha in Minas
Gerais.
Following the Wharton Global Forum, which was hosted in São
Paulo this year, the tour provided a concrete experience of
Brazil's burgeoning role in the
global lithium industry and the energy transition and an
opportunity to learn more about the production of Sigma Lithium's
Quintuple Zero Green Lithium (zero carbon, zero usage of potable
water, zero tailing dams, zero dirty power, zero toxic
chemicals).
The senior group of professors visited Sigma Lithium's
integrated mining and processing facilities at Araçuaí and met some
of the more than 700 female entrepreneurs who have participated in
Sigma's microcredit program.
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 Corporation
