Business
Board Of Directors Receive Proposals For Sigma Lithium And Sigma Brazil From Leading Global Companies; Conducting Strategic Review
HIGHLIGHTS The Board of Directors of Sigma Lithium and Sigma Brazil announce it has received multiple strategic proposals for the Brazilian Company Sigma Minera
About this update from Sigma Lithium Corporation
[{"type":"text","content":" HIGHLIGHTS The Board of Directors of Sigma Lithium and Sigma Brazil announce it has received multiple strategic proposals for the Brazilian Company Sigma Mineração (\"Sigma Brazil\"), for the Canadian parent Sigma Lithium Corporation (together the \"Companies\" or separately the \"Company\") as well as for the Grota do Cirilo Project (the \"Project\"). The Companies and the Project have attracted interest from potential strategic partners, including global industry leaders in the energy, auto, batteries and lithium refining industries. The Companies have a distinct position in the lithium industry globally as one of the \"suppliers of choice\" for the next generation of electric vehicles, whose consumers are concerned with environmentally and socially responsibly sourced materials. Sigma Brazil is the only global producer of Triple Zero Green Lithium: zero carbon, zero tailings and zero hazardous chemicals, while recirculating 100% of the \"sewage grade\" water utilized in its production process. Sigma Lithium's strategy is fully aligned with the decarbonization ethos of electric vehicles and of governments worldwide. In reviewing the proposals received, the Board of Directors of the Companies are deeply committed to maximizing value for all public shareholders of Sigma Lithium, as well as for all stakeholders, employees and communities of Sigma Brazil at Vale do Jequitinhonha. As ESG-centric companies, both Sigma Lithium and Sigma Brazil plan to adhere to the highest standards of governance in making a final decision on any strategic initiative. The decision regarding the strategic path of the Companies will be made by a shareholders' meeting of Sigma Lithium, where a \"majority of the minority shareholders\" of Sigma Lithium shall cast the deciding vote. In order to significantly increase the scale of the social and environmental programs of Sigma Brazil, the Companies incorporated the Green Lithium Institute (\"Instituto Litio Verde\") and endowed it with the existing remaining \"founders royalty\" which is a 1% net smelter royalty. We expect that any potential strategic partner of the Companies will be committed to contribute to the success of Instituto Litio Verde. Sigma Brazil has the potential to become a catalyst in Brazil for the development of the most sustainable industrial chemical mids...