Sigma Lithium Announces Its Strategic Review Process Advanced to a Final Round Strategic Review Update
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SIGMA LITHIUM ANNOUNCES ITS STRATEGIC REVIEW
PROCESS ADVANCED TO A FINAL ROUND
STRATEGIC REVIEW UPDATE
• Sigma Lithium announces that its strategic review process advanced to a final round, with
consortiums formed amongst certain strategic parties.
• The Company remains committed to concluding its strategic review process no later than
year-end.
• Remaining strategic parties have “agreed-in-principle” to preserve Sigma Lithium’s
environmental and social sustainability centered business model, one of the keys to its
successful execution.
SAO PAULO, BRAZIL – (November 1, 2023) – 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, responsibly
sourced chemical grade lithium concentrate, announces that its strategic review process is advancing
to a final round, with consortiums formed amongst certain strategic parties, reinforcing Brazil’s position
as one of the world’s most global investor-friendly mining jurisdictions
The significant global strategic interest in the process is a result of the Company’s large mineral
resource scale, coupled with its low-cost open pit mineral reserves and leading position on
environmental and social sustainability. It also demonstrates the strength of the Company’s
governance, transparency and compliance, resulting from its international listings. These unique traits
underscore Sigma’s potential as an “enabler” for the business plans of companies in both the electric
vehicles and battery materials industries.
Sigma Lithium and its board remain committed to its initial timeline with a goal of completing the
strategic review process no later than year-end.
ABOUT SIGMA LITHIUM
Sigma Lithium (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34 ) is a leading global lithium producer
dedicated to powering the next generation of electric vehicle batteries with carbon neutral, socially and
environmentally sustainable chemical-grade lithium concentrate.
Sigma Lithium has been at the forefront of environmental and social sustainability in the EV battery
materials supply chain for six years and it is currently producing Triple Zero Green Lithium from its Grota
do Cirilo Project in Brazil. Phase 1 of the project is expected to produce 270,000 tonnes of Triple Zero
Green Lithium annually (36,700 LCE annually). If it is determined to proceed after completion of an
ongoing feasibility study , Phase 2 & 3 of the project are expected to increase production to 766,0 00
tonnes annually (or 104,200 LCE annually). The project produces Triple Zero Green Lithium in its state-
of-the-art Greentech lithium plant that uses 100% renewable energy, 100% recycled water and 100%
dry-stacked tailings.
Please refer to the Company’s National Instrument 43-101 technical report titled "Grota do Cirilo Lithium
Project Araçuaí and Itinga Regions, Minas Gerais, Brazil, Amended and Restated Technical Report"
issued June 12, 2023, which was prepared for Sigma Lithium by Homero Delboni Jr., MAusIMM, Promon
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Engenharia; Marc -Antoine Laporte, P.Geo, SGS Canada Inc; Jarrett Quinn, P.Eng., Primero Group
Americas; Porfirio Cabaleiro Rodriguez, (MEng), FAIG, GE21 Consultoria Mineral; and Noel O'Brien, B.E.,
MBA, F AusIMM (the “Updated Technical Report”). The Updated Technical Report is filed on SEDAR and
is also available on the Company’s website.
For more information about Sigma Lithium, visit https://www.sigmalithiumresources.com/
FOR ADDITIONAL INFORMATION PLEASE CONTACT
Mathew Deyoe, Executive Vice President
+1 (201) 819-0303
Jamie Flegg, Director, Business Development
+1 (647) 706-1087
Daniel Abdo, Director, Investor Relations
+55 11 2985-0089
Sigma Lithium
Sigma Lithium
@sigmalithium
@SigmaLithium
FORWARD-LOOKING STATEMENTS
This news release includes certain "forward -looking information" under applicable Canadian and U.S. securities
legislation, including but not limited to statements relating to timing and costs related to the general business and
operational outlook of the Company , the environmental footprint of tailings and positive ecosystem impact relating
thereto, donation and upcycling of tailings, timing and quantities relating to tailings and Green Lithium, achievements
and projections relating to the Zero Tailings strategy, achievement of ramp-up volumes, production estimates and the
operational status of the Grot a do Cirilo Project, and other forward -looking information. All statements that address
future plans, activities, events, estimates, expectations or developments that the Company believes, expects or
anticipates will or may occur is forward-looking information, including statements regarding the potential development
of mineral resources and mineral reserves which may or may not occur. Forward-looking information contained herein
is based on certain assumptions regarding, among other things: general economic and political conditions; the stable
and supportive legislative, regulatory and community environment in Brazil; demand for lithium, including that such
demand is supported by growth in the electric vehicle market; the Company’s market position and future financial and
operating performance; the Company’s estimates of mineral resources and mineral reserves, including whether mineral
resources will ever be de veloped into mineral reserves; and the Company’s ability to operate its mineral projects
including that the Company will not experience any materials or equipment shortages, any labour or service provider
outages or delays or any technical issues . Although management believes that the assumptions and expectations
reflected in the forward -looking information are reasonable, there can be no assurance that these assumptions and
expectations will prove to be correct. Forward -looking information inherent ly involves and is subject to risks and
uncertainties, including but not limited to that the market prices for lithium may not remain at current levels; and the
market for electric vehicles and other large format batteries currently has limited market share and no assurances can
be given for the rate at which this market will develop, if at all, which could affect the success of the Company and its
ability to develop lithium operations. There can be no assurance that such statements will prove to be accurat e, as
actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to
update or re vise any forward -looking information, whether because of new information, future events or otherwise,
except as required by law. For more information on the risks, uncertainties and assumptions that could cause our actual
results to differ from current exp ectations, please refer to the current annual information form of the Company and
other public filings available under the Company’s profile at www.sedar.com.
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