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Sigma Lithium Announces Additional Sale of 150,000t plus 350,000t Optional of High Purity Lithium Fines; Production-Backed Revolver of US$96 Million
TMX Newsfile· 2026-02-13 11:00
Core Viewpoint - Sigma Lithium Corporation has announced the sale of 150,000 tonnes of high purity lithium fines at a net price of US$140 per tonne, with an option for the buyer to purchase an additional 350,000 tonnes, reflecting strong market demand for their Low Grade Product [1][2][15]. Group 1: Sales and Production - The sale of the Low Grade Product is expected to generate proceeds equivalent to 70,000 tonnes of high-grade lithium oxide concentrate, showcasing the commercial viability of this product [3]. - The company has resumed production of high-grade lithium concentrate, which will trigger pre-payments under a US$96 million revolver facility, enhancing near-term liquidity [6][15]. - An agreement has been signed to supply 70,500 tonnes of high-grade lithium concentrate in 2026, with prepayments structured at US$8 million each, reflecting confidence in Sigma Lithium's production capabilities [7][15]. Group 2: Product Quality and Technology - The Low Grade Product's quality allows clients to achieve up to 60% recovery in re-processing, resulting in lithium concentrate with over 4% lithium oxide content, currently priced at approximately US$1,370 per tonne [5]. - The successful commercialization of the Low Grade Product is attributed to Sigma Lithium's innovative lithium dense media separation technology, which maintains the chemical integrity of the lithium crystal structure [4]. Group 3: Sustainability and Market Position - Sigma Lithium emphasizes its commitment to sustainability, operating one of the largest lithium production sites with environmentally friendly practices, including zero use of toxic chemicals and 100% renewable electricity [12]. - The company has a nameplate capacity of 270,000 tonnes of lithium oxide concentrate annually and is constructing a second plant to double this capacity, positioning itself as a leader in the lithium supply chain [13].
Sigma Lithium Sells Additional 100,000t of High Purity Lithium Fines; Mining Remobilization Proceeding as Planned; Categorically Responds to Inaccurate Media Reports
TMX Newsfile· 2026-01-23 11:00
Core Viewpoint - Sigma Lithium Corporation has announced the sale of an additional 100,000 tonnes of high purity lithium fines, emphasizing its commitment to environmentally sustainable lithium production and addressing recent inaccurate media reports regarding operational issues [2][4][9]. Sales and Financials - The sale of 100,000 tonnes of high purity lithium fines was concluded at market prices, with an adjusted net final price of US$140 per tonne for 1% lithium oxide content, compared to the current SMM price of US$195 per tonne for 1.35% [4]. - The proceeds from the sale are highlighted as a "green reward" for shareholders, resulting from the company's investment in advanced environmental technologies at its Greentech plant [5]. Operational Updates - The remobilization of contractors for equipment and personnel at the mine site is proceeding as planned and is expected to conclude in January 2026 [2][9]. - The company maintains that the administrative enquiry initiated by Brazil's Ministry of Labor and Employment does not impact its operational capabilities [12]. Media and Public Relations - Sigma Lithium has faced a series of inaccurate negative media reports, which the company describes as part of a well-orchestrated defamatory campaign [6][7]. - The company has notified appropriate authorities regarding the false claims and the creation of a fake government website as part of this campaign [10][8]. Safety and Compliance - The administrative enquiry by the Ministry of Labor and Employment followed a regular inspection, during which the company demonstrated an impeccable safety record with over two years without labor accidents [12]. - The company emphasizes its commitment to maintaining 19,000 direct and indirect jobs in the Jequitinhonha Valley, aligning with governmental objectives [13]. Environmental Commitment - Sigma Lithium operates one of the largest lithium production sites globally, focusing on environmentally sustainable practices, including zero coal power, zero tailings dams, and zero use of hazardous chemicals [15]. - The company is constructing a second plant to double its production capacity, further enhancing its role in the global lithium supply chain [16].