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Sigma Lithium Loads 22,000 Tonne Shipment of Triple Zero Green Lithium Concentrate to Glencore at Premium Price
HIGHLIGHTS Sigma Lithium announces that it will commence loading 22,000 tonnes of Triple Zero Green Lithium to Glencore at the Port of Vitoria during the week o
About this update from Sigma Lithium Corporation
[{"type":"text","content":" HIGHLIGHTS Sigma Lithium announces that it will commence loading 22,000 tonnes of Triple Zero Green Lithium to Glencore at the Port of Vitoria during the week of November 27. Glencore will prepay 50% for the shipment of Sigma's unique Triple Zero Green Lithium concentrate at a provisional \"premium\" price of 9% of the quoted LME lithium hydroxide price (average China, Japan, South Korea). Sigma Lithium can produce Triple Zero Green Lithium as a result of having effectively lowered its carbon footprint with a series of pioneering initiatives, paving the way forward for the battery materials sector, as follows: Zero tailings (donated and sold) Zero hazardous chemicals Zero carbon (neutrality achieved through Amazon Rainforest VERRA Carbon Credits) This important milestone underscores the significant capabilities and seamless integration of the technical, commercial and logistics leadership teams in achieving a shipment cadence of approximately 22,000 tonnes of Triple Zero Green Lithium per month. Demonstrates the consistent performance of Sigma Lithium's Greentech Plant in ramp to achieve annual nameplate capacity of 270,000 tonnes of \"Triple Zero Green Lithium\". SÃO PAULO, Nov. 27, 2023 /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 chemical-grade lithium concentrate, announces that it will commence loading 22,000 tonnes of Triple Zero Green Lithium to Glencore at the Port of Vitoria. Sigma's fourth shipment is expected to begin loading on November 27th. Glencore is expected to prepay 50% of the fourth shipment's value upon completion of loading. The 50% prepayment reflects premium pricing at a 9% provisional price of lithium hydroxide at LME (average China, Japan, South Korea) for the Company's unique Triple Zero Green Lithium. The shipment is part of a commercial distribution and marketing agreement with Glencore that aims to build a low carbon, environmentally and socially sustainable global lithium supply chain for electric vehicles. Sigma Lithium's Triple Zero Green Lithium: The foundation of a globally sustainable supply chain The Company's Triple Zero Green Lithium is produced at ...