SIGMA Lithium Corporation announces initiation oof construction to double production capacity
by CM Staff
The Company also says that it shall commence mobilization for construction on site of approximately 180 workers and construction equipment to build the earthworks, foundation and infrastructure installation of its Greentech dense media separation production plant.
SÃO PAULO — SIGMA Lithium Corporation, a lithium producer involved in supporting the electric vehicle industry with lithium concentrate, announced the Company’s Board of Directors has made a Final Investment Decision to double production of its unique Quintuple Zero Green Lithium from current 270,000t/y to 520,000t/y. The Board of Directors approved the initiation of construction of a second line of its Greentech Industrial Plant with Capex of $100mm (FEL3).
The capital expenditure for Phase 2 Industrial Greentech Plant is targeted to be USD $100 million, aiming to increase the Company’s total annual lithium capacity by 250,000 tonnes of Quintuple Zero Green Lithium to 520,000 tonnes in 2025. Combined, Sigma Lithium would produce enough lithium concentrate to power roughly 1.8 million electric vehicles.
The Company also says that it shall commence mobilization for construction on site of approximately 180 workers and construction equipment to build the earthworks, foundation and infrastructure installation of its Greentech dense media separation production plant. The Company has quoted FEL3 the critical long lead items required for the Project and begun planning orders from respective suppliers to secure manufacturing timetables.
Completion of this stage of the construction civil works (earthworks and the concrete plant drainage channels and civil works) is expected to be concluded within approximately six months, by the Brazilian construction firm of Promon Engenharia Ltda., which successfully constructed the Phase 1 Industrial Greentech Plant and delivered it on time and on budget.
The Company is also announcing that it has identified approximately 35 critical long lead items required for the Project and plans to begin ordering them from respective suppliers, placing deposits to secure manufacturing timetables. Prices and FEL-3 quotes for these long lead items have been in line with the FEL-2 capex estimates in the feasibility study included in the Company’s most recently filed technical report.
