Sigma Lithium announces new shipment and 85% prepayment

SÃO PAULO — Sigma Lithium Corporation, a global lithium producer dedicated to powering electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, announces it has commenced the on-time loading of its eighth shipment of quintuple zero green high-purity coarse lithium concentrate, totaling 22,000 tonnes, at the Port of Vitoria.

The achieved price is final and non-provisional and represents a meaningful increase over the previous premium prices achieved. As a reference, the final price net of VAT is equivalent to 8.75% of the LME Lithium Hydroxide CIF market price, as previously disclosed in a news release on March 27, 2024. 85% of the eighth shipment’s value has also been prepaid.

Keith Prentice, Co-General Manager commented: “The site team has been executing at a high level, with the Greentech Plant delivering at the predictable cadence of an established producer.”

Catarina Noci, Commercial Director commented: “We believe the market is now just starting to attribute value to Sigma’s superior product qualities. We can build on the traction gained in April, with early indications pointing to better economics for our upcoming May shipment.”