SÃO PAULO, Dec. 30,
2024 /PRNewswire/ -- Sigma Lithium Corporation
(TSXV/NASDAQ: SGML, BVMF: S2GM34) ("Sigma
Lithium" or the "Company"), a leading global
lithium producer dedicated to powering the next generation of
electric vehicles with carbon-neutral, socially and environmentally
sustainable lithium concentrate ("Quintuple Zero Green Lithium"),
is pleased to announce the successful completion of the 2024
business year, significantly exceeding fourth-quarter production
target with approximately 75,000 tonnes produced, and achieving a
total of approximately 240,000 tonnes in production and sales
volumes for the year. With its strong operational performance and
commitment to sustainable growth, Sigma Lithium is well-positioned
to exceed its 2025 production target of 270,000 tonnes.
Ana Cabral, CEO and Co-Chairman of Sigma Lithium, said,
"With the successful completion of the fourth quarter, we are
demonstrating mastery of our innovative green industrialization
technologies for lithium processing and dense media separation. Our
Greentech Industrial Plant is delivering lithium materials that are
aligned with the ethos of the consumers of the electric vehicles,
and this gives our team a tremendous sense of purpose and
accomplishment. Exceeding production and commercial targets in the
fourth quarter has reinforced our confidence in our ability to
surpass our 2025 production targets. This remarkable year is a
testament to the relentless pursuit of excellence by a highly
dedicated team, showing that innovation thrives in diverse work
environments".
She added: "We are also deeply honored by the embrace and
support we have received throughout this year from all of our
stakeholders: our neighbors at Vale do Jequitinhonha, our
Federal Government of Brazil, our
State Government of Minas Gerais, our customers, BNDES, our
shareholders. Sigma Lithium's accomplishments this year would not
have been possible without you. In 2025, we are well-positioned to
exceed expectations and bring continued growth and shared
prosperity to our region".
ABOUT SIGMA LITHIUM
Sigma Lithium (TSXV/NASDAQ: 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 is one of the world's largest lithium producers.
The Company operates at the forefront of environmental and social
sustainability in the electric vehicle battery materials supply
chain at its Grota do Cirilo Operation in Brazil. Here, Sigma produces Quintuple Zero
Green Lithium at its state-of-the-art Greentech lithium
beneficiation plant, delivering net zero carbon lithium, produced
with zero carbon intensive energy, zero potable water, zero toxic
chemicals and zero tailings dams.
Phase 1 of the Company's operations entered commercial
production in the second quarter of 2023. The Company has issued a
Final Investment Decision, formally approving construction to
double capacity to 520,000 tonnes of lithium concentrate through
the addition of a Phase 2 expansion of its Greentech
Plant.
For more information about Sigma Lithium,
visit https://www.sigmalithiumresources.com/
Sigma Lithium
LinkedIn: Sigma Lithium
Instagram: @sigmalithium
X (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