Sigma Lithium Announces Shipment This Week Of 22,650T Of Quintuple Zero Green Lithium To Abu Dhabi’s Irh
SÃO PAULO, Dec. 23, 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, is pleased to announce that it is currently loading 22,650 tonnes of its Quintuple Zero Green Lithium for shipment from the Port of Vitoria to IRH Global Trading LTD in Abu Dhabi (IRH), reflecting the Company’s continued operational excellence.
Sigma Lithium has achieved a consistent monthly delivery schedule for large-scale shipments, having successfully met its target of producing Quintuple Zero Green Lithium at an annual rate of 270,000 tonnes. The execution of two large shipments within a short timeframe this quarter is a testament to the exceptional work of the Company’s operational, commercial and logistics teams. The provisional price (6% Li2O, CIF China) for this shipment is set at 8.25% of the battery-grade lithium carbonate price quoted on the Guangzhou Futures Exchange (GFEX) as of the shipment date.
Ana Cabral, CEO and co-Chairperson of Sigma Lithium, said :
We are incredibly proud of the operational milestones our team has achieved in transforming Sigma Lithium into a major lithium producer in 2024,”
“We have researched and advanced dense media separation technology for lithium oxide concentrate, taking it to a unique level of production efficiency, reaching 70% of recovery at our Greentech Industrial Plant, while dry stacking 100% of the tailings, and reusing the water. Final enhancements to the processing flowsheet were implemented last month, increasing production significantly and enabling us to deliver in cadence two large monthly shipments for November production and now this one, which is part of December production. This is a significant achievement. Looking ahead to 2025, we are very excited about the future, with our team building a second Greentech Industrial Plant, that will double our production capacity and revenues while increasing our margins with the resulting economies of scale.”
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Sigma Lithium Announces Shipment This Week Of 22,650T Of Quintuple Zero Green Lithium To Abu Dhabi’s Irh, source
