SIGMA LITHIUM COMPLETES FULL YEAR OF CONSISTENT OPERATIONAL CADENCE WITH 22,000t OF QUINTUPLE ZERO GREEN LITHIUM LOADED AT THE PORT; ACHIEVED ZERO WORK ACCIDENTS FOR 365 DAYS.
Sigma Lithium Corporation (“Sigma Lithium” or the “Company”) (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, announces it concluded one year of consistent operational shipping cadence by completing the trucking to the Port of its eleventh delivery of 22,000t of Quintuple Zero Lithium to be shipped this week.
The price is initially set at a premium floating price of 8.75% of LME Lithium Hydroxide quoted at LME (CIF Shanghai basis).
On Aug. 9, the Company also completed 365 consecutive days with zero fatalities and zero accidents with loss of workdays amongst its 618 employees. This impeccable operational track-record caps a first year of intense focus on worker safety and health, creating a culture of safety and operational efficiency inspired by the case study of Alcoa “safety habits of excellence” under Paul O’Neill. [LINK HERE]
Sigma Lithium achieved a level of operational maturity toward employee safety consistent with the large metals and mining companies at ICMM (International Council on Mining and Metals) in just its first year of operation. The Company was catapulted to the equivalent of second place in the ICMM combined TRIFR and FFR health and safety rankings: its TRIFR (Total Recordable Injuries Frequency Rate) was 1.25 and FFR (Fatalities Frequency Rate) was Zero.
This represents a remarkable operational improvement from the Company’s previous index of 75 days without accidents with loss of workdays, back in August 2023.
- The Company was able to improve its safety record with personnel on site even as it became a producer demonstrating its ability to manage safely the increased staff of a total of 1,510 personnel deployed.
Ana Cabral, CEO and Co-Chairperson, notes:
We are pleased to be able to mark our one-year anniversary of shipments with this double milestone in a further testament to how far the Company has come over the last 12 months.
“Our employees are an integral part of our operational excellence, driving this remarkable health & safety achievement of 365 days without any accidents with lost workdays. Fostering a culture of health & safety excellence amongst our employees helped create a level of focus on efficiency that underpins our focus on margins and our ability to withstand the ebbs and flows of lithium price cycles.”
Qualified Persons Disclaimer
Other disclosures in this news release of a scientific or technical nature at the Grota do Cirilo Project have been reviewed and approved by Iran Zan AusimM (Membership number FAusIMM (329132)), who is considered, by virtue of his education, experience and professional association, a Qualified Person under the terms of NI 43-101. Mr. Zan is not considered independent under NI 43-101 as he is Sigma Lithium co-Head of Geology and co-General Manager of Sigma Lithium. Mr. Zan has verified the technical data disclosed in this news release not related to the current Mineral Resource estimate disclosed herein.
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SIGMA LITHIUM COMPLETES FULL YEAR OF CONSISTENT OPERATIONAL CADENCE WITH 22,000t OF QUINTUPLE ZERO GREEN LITHIUM LOADED AT THE PORT; ACHIEVED ZERO WORK ACCIDENTS FOR 365 DAYS. source
