The forecasted after tax life of mine net income for the Xuxa project is US$469 million. For Additional Information Please Contact: Betty LeBlanc Director of Corporate Communications
Clarification of Sigma’s October 1, 2019 News Release
VANCOUVER, British Columbia, Oct. 07, 2019 -- Sigma Lithium Resources Corporation (the “Company”) (TSX-V: SGMA) (OTCQB: SGMLF) is issuing this news release as a result of the Investment Industry Regulatory Organization of Canada review of the Company’s news release dated October 1st 2019 (the “October 1 Release”) to retract the EBITDA disclosure in such news release and to include after-tax net income. The Company is retracting any references to EBITDA and net revenue, as EBITDA is a non-GAAP financial measure used to measure corporate performance, and not project performance, and aftertax net income should be included if net income is included.
The forecasted after tax life of mine net income for the Xuxa project is US$469 million.
For Additional Information Please Contact:
Betty LeBlanc Director of Corporate Communications Tel: + 1 604 828-0999 [email protected]
Ana Cabral Chief Strategy Officer Tel: + 55 11 2985-0089 [email protected]
Sigma Lithium Resources Corporation www.sigmalithiumresources.com
Forward-Looking Statements
Please refer to the heading “Forward-Looking Statements” in the October 1 Release.