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SIGMA LITHIUM ACHIEVES OUTSTANDING PROJECT EXPANSION AND FINANCING MILESTONES: INCREASES MINERAL RESERVES BY 63%, TRIPLES NPV TO US$ 15.3 BILLION AND SECURES US$ 100 MILLION DEBT FINANCING
INVESTOR VIDEO CONFERENCE CALLDecember 6, 2022 at 10AM (EST)Registration Link for Zoom video call below:https://us06web.zoom.us/j/83014247697Zoom Meeting ID:
About this update from Sigma Lithium Corporation
[{"type":"text","content":"INVESTOR VIDEO CONFERENCE CALLDecember 6, 2022 at 10AM (EST)Registration Link for Zoom video call below:https://us06web.zoom.us/j/83014247697Zoom Meeting ID: 830 1424 7697\nHIGHLIGHTS OF PLANNED PRODUCTION EXPANSION \nSigma Lithium announces positive economic results of its study to potentially triple integrated production (the \"Production Expansion Study\") of Battery Grade Sustainable Lithium Concentrate from 270,000 tpa (36,700 tpa LCE) commencing in 2023 to 768,000 tpa (104,200 tpa LCE) in the second year at the Company's 100% owned Grota do Cirilo Project (the \"Project\").The Project expansion may potentially position Sigma Lithium as one of the world's largest fully integrated lithium producers (from mine to lithium materials).The Production Expansion Study demonstrated robust Project economics, highlighted by an after-tax NPV8% of US$ 15.3 billion, incorporating production from Phase 1 (nearing commissioning initiation) combined with Phase 2 and Phase 3.Total Capex for the Project expansion is estimated at US$ 155 million and could be fully funded as follows: A portion of the US$ 100 million Debt FinancingAfter-tax free cash flow once production is initiated in early 2023.The Construction of the Project expansion could potentially be initiated with earthworks and ordering of long lead items in the first quarter of 2023, once a final decision is made by the Company.At the expanded capacity, the key economics of the Project are as follows:Year 1\nYears 2-8\nYears 9-13\nKey Metrics & Assumptions\nAverage Annual\nBattery Grade Sustainable Lithium Production (t)\n277,000\n768,200\n491,000\nAll In Sustainable Cash Costs CIF China (per tonne)\n$458\n$539\n$491\nFinancial Metrics\nAverage Annual (US$M)\nGross Revenue \n$1,599\n$3,620\n$1,029\nAfter-Tax Earnings \n$1,233\n$2,682\n$650\n% After-Tax Earnings Margin\n79 %\n76 %\n65 %\nSIGNING DEFINITIVE AGREEMENTS FOR UP TO US$100 MILLION DEBT FINANCING\nSigma Lithium also announces signing of definitive agreements for up to US$100 million senior secured pre-export financing (the \"Debt Financing\") with Synergy Capital, one of the Company's current shareholders, based in the United Arab Emirates.The Debt Financing will fully fund the Company until August 2023, including the initiation of detailed engineering and the initiation of construction of the Project Expansion.The Debt Fina...