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Sigma Lithium Sells 100,000t of High Purity Lithium Fines; Advances Mining Remobilization; Appoints Distinguished Agribusiness Leader and Former Minister as New Board Member
TMX Newsfile· 2026-01-13 11:30
Core Viewpoint - Sigma Lithium Corporation has successfully sold 100,000 tonnes of high purity lithium fines and is advancing its mining remobilization activities, including securing working capital for future operations [1][3][10]. Sales of High Purity Lithium Fines - The first sale of high purity lithium fines was completed at a price of U$ 125 per tonne, generating net revenues of approximately USD 11 million [3]. - An additional 850,000 tonnes of high-purity lithium fines are available for sale, produced using environmentally sustainable technology [4]. Mining Remobilization - Sigma Lithium is implementing a remobilization plan at its Mine 1, aiming to enhance mining safety and operational efficiency while maintaining over 100 million tonnes of mining reserves [5]. - The restructuring involves leasing large mining equipment and subcontracting personnel, which is expected to nearly triple mining capacity [6][8]. - Financial support from global clients is facilitating the remobilization process, reducing reliance on third-party contractors [7][9]. Working Capital Agreement - A working capital agreement has been signed with a major client, providing capital against monthly sales totaling 70,500 tonnes by the end of 2026, with the first tranche of USD 5 million already closed [10]. Appointment of New Board Member - Katia Abreu, a prominent agribusiness leader and former Minister of Agriculture, has been appointed as an independent board member, replacing Eugenio de Zagottis [2][11]. - Abreu's extensive experience in agribusiness and public policy is expected to be valuable during Sigma Lithium's transformational period, including the construction of a second Greentech Industrial Plant [15][16].