Sigma Lithium Expands Operations and Leadership for Growth

Sigma Lithium Corp. Hits New Milestones in Green Lithium Sales

Sigma Lithium Corp. (NASDAQ: SGML), a key player in the production of lithium essential for electric vehicles, has successfully maintained its near-monthly shipment schedule. Its latest sale involved 22,000 tons of Quintuple Zero Green Lithium delivered to Mitsubishi Corporation RtM International Pte. Ltd, enhancing its presence in the global lithium market.

Consistent Supply and Strategic Growth

With its commitment to a stable and reliable production cadence, Sigma Lithium is increasing its commercial flexibility. This flexibility enables the company to expand its reach within various key global battery supply chains. The firm anticipates announcing new commercial partnerships across different regions, further solidifying its market presence.

The pricing for this recent shipment is set at a provisional premium, calculated as 8.25% of the Lithium Hydroxide price quoted on the London Metal Exchange (LME).

Achievements in Production and Partnerships

In recent months, Sigma Lithium has ramped up both production and sales of its green lithium product. In the last quarter alone, the company achieved sales of 52,572 tons of its Quintuple Zero Green Lithium, effectively establishing relationships with industrial and trading firms in South Korea and Japan. This success stems from Sigma Lithium's reputation as a reliable supplier within the battery supply chain.

Ana Cabral, Sigma Lithium's CEO, expressed satisfaction with the evolving partnership with Mitsubishi, noting, "Mitsubishi's presence in the market has been crucial for Sigma Lithium to navigate the fluctuating demand seen within the lithium sector this season."

The Unique Benefits of Quintuple Zero Green Lithium

Sigma Lithium prides itself on the unique properties of its Quintuple Zero Green Lithium, which is produced with an emphasis on environmental sustainability and social responsibility. Unlike many competitors, Sigma Lithium boasts a zero carbon footprint, abstaining from harmful practices such as coal power usage and tailing dams. This has positioned Sigma as the sole producer of such sustainable lithium, which appeals to electric vehicle manufacturers focused on lowering their carbon emissions while sourcing quality materials.

Strategic Enhancements in Management

To further bolster its growth strategy, Sigma Lithium has strengthened its management team by appointing a new Chief Financial Officer (CFO). Rogerio Marchini joins Sigma with over two decades of experience in the lithium mining sector and holds an impressive track record in finance, particularly in the energy transition domain.

Previously, Marchini served as CFO for Origo, successfully navigating the company from its formative stages to revenue generation with a focused team. His appointment is seen as a pivotal move for Sigma Lithium, particularly as the company seeks to expand its global export capabilities.

The former CFO, Caio Araujo, will transition to a role as Director within the Controller's Office, ensuring that his expertise continues to benefit the organization. Felipe Peres, who played a crucial role in Sigma Lithium’s Nasdaq listing, returns to the company to lead key aspects of financial oversight as well.

Upcoming Innovations in Lithium Production

Sigma Lithium is also on track to launch a second Greentech processing plant, anticipated to be operational by summer 2025. This facility will implement several new technologies aimed at enhancing the efficiency of converting mineral spodumene ore into high-purity lithium concentrate.

Cabral highlighted Marchini's vast experience as a critical addition to the leadership team, stating, "Rogerio’s integration into our finance division reflects our commitment to excellence and teamwork. His leadership, alongside support from former CFOs, will reinforce our financial operations during this exciting phase of growth." Sigma Lithium's ongoing commitment to delivering high-quality green lithium and expanding its operations marks the company as an influential player in the sector, especially as it prepares to scale production further and adapt more robustly to international demands.

Frequently Asked Questions

1. What is Sigma Lithium known for?

Sigma Lithium Corp. specializes in the production of sustainable lithium, which is crucial for electric vehicles.

2. Who is the new CFO of Sigma Lithium?

Rogerio Marchini has been appointed as the new Chief Financial Officer, bringing extensive experience from the lithium mining sector.

3. Where is Sigma Lithium's new plant located?

The second Greentech plant is being constructed to enhance lithium processing efficiency, targeted for completion by summer 2025.

4. What are the sustainability credentials of Sigma Lithium's products?

Sigma Lithium produces Quintuple Zero Green Lithium with a zero carbon footprint, avoiding harmful production methods.

5. How does Sigma Lithium support the electric vehicle industry?

By delivering high-quality green lithium, Sigma Lithium helps electric vehicle manufacturers meet their sustainability goals and material needs.

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