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SIGMA LITHIUM SHIPS 30,000 TONNES OF BATTERY GRADE LITHIUM AND BY-PRODUCTS; ACHIEVES NET ZERO CARBON, OPERATING PROFITABILITY AND PREMIUM PRICING
NET ZERO Sigma Lithium achieves operational net zero (carbon neutrality) for its first shipment of battery grade, high purity sustainable lithium by
About this update from Sigma Lithium Corporation
[{"type":"text","content":"NET ZERO \nSigma Lithium achieves operational net zero (carbon neutrality) for its first shipment of battery grade, high purity sustainable lithium by offsetting the remaining \"hard to abate\" carbon emitted during its production process, both at its Grota do Cirilo mine and at its Greentech Lithium Processing Plant (\"Greentech Plant\")Triple zero product: net zero carbon, zero tailings, and zero hazardous chemicalsThe Company effectively lowered its carbon footprint with a series of pioneering initiatives, paving the way forward for the metals & mining sector, including:Zero tailings: Eliminated all by-products through sales or upcycling to pave roadsZero chemicals: Utilizes Dense Medium Separation (\"DMS\") at the Greentech plant, which does not utilize hazardous chemicalsWater efficiency: Utilizes 100% sewage water for its plant, fully recirculatedRenewable energy: Utilizes 100% renewable energy for its Greentech Plant via \"behind the meter\" supply agreementsBiodiesel: Utilizes biodiesel fuel in some of its trucking fleet, with plans to increase up to 50% by 2025Explosives / ANFO: Decreased explosives load, with computerized load simulation strategiesFIRST SHIPMENT\nSigma Lithium initiated its first shipment of 30,000 tonnes to be completed July 27:15,000 tonnes of battery-grade, carbon neutral, zero chemicals and zero tailings sustainable lithium (\"Triple Zero Green Lithium\") and15,000 tonnes of high-purity, zero chemicals, approximately 1.3% lithium oxide hypofine by-products (\"Triple Zero Green By-Products\")Plans next shipment by the end of August 2023: Ramp-up of Phase 1 production continues to advance well, currently operating at approximately 75% of nameplate throughput capacityAchieved maximum DMS recoveries of 60% and on track to reach design recovery of 65%Obtained premium pricing calculated at the benchmark of 9% of lithium hydroxide price (average China, Japan, South Korea) for both Triple Zero Green Lithium and Triple Zero Green By-Products:Triple Zero Green Lithium: FOB Vitoria Brazil – ~US$3,500 per tonne (adjusted one month post shipment)Triple Zero Green By-Products: FOB Vitoria Brazil – ~US$350 per tonne (adjusted two months post shipment)Sale of the Triple Zero Green By-Products is expected to cover the majority of operating cash costs, estimated in the Company's Updated Technical Report to be approx...