Business
Sigma Lithium Maintains Operational Cadence Shipping 22,000t Of Quintuple Zero Green Lithium To Japan's Mitsubishi; Adds Prominent EVP In Corporate Finance
HIGHLIGHTS Sigma Lithium maintains the operational consistency of a seasoned producer, shipping its 12th vessel of Quintuple Zero Green Lithium to Mitsubishi. T
About this update from Sigma Lithium Corporation
[{"type":"text","content":" HIGHLIGHTS Sigma Lithium maintains the operational consistency of a seasoned producer, shipping its 12th vessel of Quintuple Zero Green Lithium to Mitsubishi. This is Sigma Lithium's second sale to Mitsubishi, a large industrial and trading conglomerate (\"keiretsu\") headquartered in Japan. Sigma Lithium remains on track to deliver its 3Q production target of 60,000 tonnes of Quintuple Zero Green Lithium. Sigma Lithium has appointed Rogerio Marchini as Executive Vice President of Corporate Finance and Chief Financial Officer, bolstering the Company's finance team. SÃO PAULO, Brazil, Sept. 16, 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 that it is shipping 22,000t of Quintuple Zero Green Lithium to Mitsubishi this week, maintaining its consistent operational cadence in the third quarter with near-monthly shipments. Commercial The price of the Quintuple Zero Green Lithium for this 12th shipment is initially set at a provisional premium floating price equivalent to 8.25% of Lithium Hydroxide quoted at LME (CIF Shanghai basis). The achievement of near-monthly production cadence increases commercial flexibility, allowing the Company to further its diversification strategy, selling into leading global battery supply chains. Sigma Lithium plans to further diversify its commercial strategy in the fourth quarter with additional commercial partnerships in different geographies. The Company's commercial success is enabled by the metallurgical properties as well as the quantifiable environmental sustainability and social traceability of its Quintuple Zero Green Lithium. Rogerio Marchini Appointed Executive Vice President of Corporate Finance and CFO Sigma Lithium is also pleased to announce the appointment of Rogerio Marchini to its senior leadership, as the new Executive Vice President of Corporate Finance and Chief Financial Officer (\"CFO\"). Rogerio is a prominent executive in Brazil, with a deep experience of 24+ years in finance. For the last 7 years Rogerio was the CFO of Origo, a private equity portfolio company of TPG International in the energy transition space....