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Sigma Lithium Celebrates International Women's Day by Closing ESG Trade Finance Credit Lines Totalling USD90M and Loading 22,000t Shipment to Glencore With 85% Prepayment at Premium Prices
HIGHLIGHTS Sigma Lithium announces that it has closed trade finance credit lines totaling USD 90 million, linked to its outstanding environmental, social and go
About this update from Sigma Lithium Corporation
[{"type":"text","content":" HIGHLIGHTS Sigma Lithium announces that it has closed trade finance credit lines totaling USD 90 million, linked to its outstanding environmental, social and governance credentials with the following group of leading sustainability oriented financial institutions: Citibank: USD 50 million Santander: USD 20 million Banco do Brasil: USD 10 million XP Inc: USD 10 million The Company will celebrate International Women's Day this weekend by loading 22,000 tonnes of Quintuple Zero Green Lithium to Glencore AG at the Port of Vitoria. The shipment demonstrates consistent performance of its Greentech industrial plant to produce at a monthly cadence equivalent to approximately 270,000 tonnes per year (reaching design capacity). Glencore has increased its prepayment to 85% of the shipment's value at premium provisional price of 7.5% of the quoted LME/Fastmarkets lithium hydroxide price. At Sigma Lithium, \"Every Day is Women's Day\". Our team is celebrating by excelling in our jobs: consistently delivering to our clients the most sustainable lithium materials in the world, becoming one of the building blocks of a green and socially inclusive supply chain. Interacting with women leaders is part of our team's daily routines, as a result of the unparalleled diversity at the Company. Over 40% of decision-making roles are occupied by women managers. We are the only company in our segment of battery materials with a female co-chairperson. SÃO PAULO, March 8, 2024 /CNW/ -- Sigma Lithium Corporation (\"Sigma Lithium\" or the \"Company\") (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, announces it will celebrate International Women's Day this weekend by loading 22,000 tonnes of Quintuple Zero Green Lithium to Glencore AG (\"Glencore\"), at the Port of Vitoria. This seventh overall shipment demonstrates consistent performance of its Greentech industrial plant to produce at a monthly cadence equivalent to approximately 270,000 tonnes per year. Glencore has increased the amount of its prepayment to 85% of the shipment's value and improved the terms to affect payment upon product delivery to the warehouse. This represents a shift from prior shipments, whereby the Compan...