Sigma Lithium Resources: Driving one of world’s greenest large-scale lithium projects
- SIGMA Lithium shares begin trading on the NASDAQ
- Sigma Lithium Resources COO talks through PEA results at its Grota do Cirilo project in Brazil
Quick facts: Sigma Lithium Corp
Price: 10.49 CAD
Market Cap: $916.49 m
About the company
Sigma Lithium Corp is a lithium exploration and development company.
The company's lithium properties are located in the State of Minas Gerais, Brazil.
Sigma Lithium holds interests in Grota do Cirilo, Sao Jose, Santa Clara, and Genipapo projects.
How it is doing
SIGMA Lithium Corporation said its common shares have begun trading on the NASDAQ as of the market open on September 13, 2021.
The company’s shares now trade on both the NASDAQ and the TSX Venture Exchange under the new ticker symbol ‘SGML’.
“We were considered pioneers nine years ago when we brought environmental, social and diversity responsibilities forward as the major strategic focus of the company. Today we are ecstatic to witness entire industries moving in the same direction,” SIGMA Lithium Co-CEO Ana Cabral Gardner said in a statement.
“So here we are in 2021, meeting our moment as ESG pioneers, enabling the clean energy transition producing lithium that is also green and sustainable. Our goal is to reach Net Zero by 2024, six years before the end of this Decade of Action against Climate Change,” Gardner added.
Sigma Lithium Corporation has announced the appointments of Ana Cabral and Calvyn Gardner as co-chief executive officers (co-CEOs) and Felipe Peres as its chief financial officer (CFO) as well as the constitution of an ESG Committee of its board of directors resulting from the program intended to achieve Net Zero emissions by 2024.
The company noted that has Cabral has been elevated from her current role as chief strategy officer to her new role of co-CEO with Calvyn Gardner. In that capacity, she will oversee, at C-level, Sigma’s entire breadth of ESG-centric activities, focusing on implementation for the environmental and corporate goals to achieve Net Zero Emissions by 2024.
SIGMA Lithium Corporation announced that it has selected the tech-dominated Nasdaq for its dual-listing in the United States and it will also join the United Nations High Level Dialogue on Energy 2021 that will take place this year in tandem with the opening week of the 76th session of the UN General Assembly on September 24, in New York.
The Vancouver, British Columbia-based company said that its corporate policies and board are “fully compliant” with required Nasdaq and SEC governance standards, including “diversity recommendation of 40% of representatives of women and minorities”.
What management says
Sigma Lithium Resources Corp (CVE:SGMA) (OTCQB:SGMLF) COO Ana Cabral-Gardner tells Proactive the group recently reported results of a preliminary economic assessment, which considered a second phase expansion of its Grota do Cirilo project in Brazil that could see the net present value (NPV) of the asset more than double to US$844 million.
Cabral-Gardner says the study shows the benefit of bringing the project’s second deposit called Barreiro on stream following mining out the first deposit called Xuxa. That will lift output from 220,000 tonnes per annum (tpa) in Phase 1, which is planned for 2022, to 440,000 tpa in Phase 2 within around one year.
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