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SIGMA LITHIUM ADVANCES TOWARDS NEAR TERM PRODUCTION AND COMPLETES CONSTRUCTION OF 100% OF THE PLANT FOUNDATION EARTHWORKS ON SCHEDULE; REPORTS 2021 ANNUAL RESULTS FROM A PIVOTAL YEAR
HIGHLIGHTS OF A TRANSFORMATIVE 2021 Concluded construction of 100% of the foundation earthworks for the Phase 1 Production Plant ("Phase 1 Plant"), remaining
About this update from Sigma Lithium Corporation
[{"type":"text","content":"HIGHLIGHTS OF A TRANSFORMATIVE 2021\nConcluded construction of 100% of the foundation earthworks for the Phase 1 Production Plant (\"Phase 1 Plant\"), remaining on schedule and on budgetPhase 1 Plant commissioning is forecasted to commence at the end of 2022Construction moves forward to civil works to be followed by plant mechanical structure in June 2022 Currently employing 300 people, planned to increase to 500 peopleSigma Lithium is fully equity-funded for the construction of the Phase 1 PlantCompleted the equity financing round, raising C$137 mm in December 2021 (including an investment by funds managed by BlackRock for C$64 mm) Ordered certain long lead items, to minimize potential supply-chain related delaysThe Company is on track to deliver near term production of Battery-Grade Sustainable Lithium, with plans to significantly increase scale:Phase 1: Initiating production: up to 230,000 tpa of Battery-Grade Sustainable Lithium within less than 12 monthsPhase 2: Increasing production: combining Phase 1 + Phase 2 to potentially double annual production to 460,000 tpa of Battery-Grade Sustainable Lithium Phase 3: Unlocking further growth: completing economic assessment of additional production capacity for 2024 based on current 52Mt mineral resource base plus an additional 30,000 m drilling campaign on adjacent depositsAgreed on a direct commercial arrangement with LG Energy Solution, the world´s largest advanced battery manufacturer: a binding offtake term sheet linked to lithium hydroxide pricesOfftake on a take or pay basis for up to 100,000 tpa Sigma Lithium continued to be recognized for its leadership role in global sustainability on lithium materials and mining:Sigma Lithium will be the first lithium company to dry stack 100% of its tailings, avoiding environmentally controversial tailing damsPresented its case study of circular economy with dry stacked tailings at COP-26 in Glasgow, the Investment COPParticipated in the United Nations Dialogue on Energy from the General Assembly in NYCNEAR TERM CATALYSTS FOR SECOND QUARTER 2022\nTechnicalUpdated Phase 1 Feasibility Study with FEL3 detailed engineering and construction CapexPre-Feasibility Study with combined economics of Phase 1 and Phase 2 Updated mineral resource statement for Phase 3 with results of ongoing drilling campaignESG Initiate construction of dozens of \"...