Sigma Lithium Celebrates International Women’S Day BY Closing ESG Trade Finance Credit Lines Totalling USD 90M and Loading 22,000t Shipment to Glencore with 85% Prepayment at Premium Prices
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SIGMA LITHIUM CELEBRATES INTERNATIONAL WOMEN’S DAY
BY CLOSING ESG TRADE FINANCE CREDIT LINES TOTALLING
USD 90M AND LOADING 22,000t SHIPMENT TO GLENCORE
WITH 85% PREPAYMENT AT PREMIUM PRICES
HIGHLIGHTS
• Sigma Lithium announces that it has closed trade finance credit lines totaling USD 90 million, linked
to its outstanding environmental, social and govern ance credentials with the following group of
leading sustainability oriented financial institutions:
o Citibank: USD 50 million
o Santander: USD 20 million
o Banco do Brasil: USD 10 million
o XP Inc: USD 10 million
• The Company will celebrate International Women’s Day this weekend by loading 22,000 tonnes of
Quintuple Zero Green Lithium to Glencore AG at the Port of Vitoria.
o The shipment demonstrates consistent performance of its Greentech industrial p lant to
produce at a monthly cadence equivalent to approximately 270,000 tonnes per year
(reaching design capacity).
o Glencore has increased its prepayment to 85% of the shipment’s value at premium
provisional price of 7.5% of the quoted LME/Fastmarkets lithium hydroxide price.
• At Sigma Lithium, “Every Day is Women’s Day”. Our team is celebrating by excelling in our jobs:
consistently delivering to our clients the most sustainable lithium materials in the world, becoming
one of the building blocks of a green and socially inclusive supply chain.
o Interacting with women leaders is part of our team’s daily routines, as a result of the
unparalleled diversity at the Company.
o Over 40% of decision-making roles are occupied by women managers.
o We are the only company in our segment of battery materials with a female co-chairperson.
São Paulo , Brazil – (March 08, 2024) – 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 it will celebrate International Women’s Day this weekend by loading 22,000 tonnes of
Quintuple Zero Green Lithium to Glencore AG (“Glencore”), at the Port of Vitoria. This seventh overall shipment
demonstrates consistent performance of its Greentech industrial plant to produce at a monthly cadence
equivalent to approximately 270,000 tonnes per year.
Glencore has increased the amount of its prepayment to 85% of the shipment’s value and improved the terms to
affect payment upon product delivery to the warehouse . This represents a shift from prior shipments, whereby
the Company secured 50% of the value upon loading.
The prepayment reflects premium provisional pricing at 7.5% of the lithium hydroxide price quoted at LME
(average China, Japan, South Korea) for the Company’s unique Quintuple Zero Green Lithium concentrate
(“Quintuple Zero Green Lithium“). The shipment is part of a commercial distribution and marketing agreement with
Glencore that aims to build a low carbon, environmentally and socially sustainable global lithium supply chain for
electric vehicles.
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Additionally, Sigma Lithium announces that it has closed a total of USD 90 million in trade finance credit lines, with
the following group of leading sustainability oriented financial institutions at interest rates averaging 11% annually:
▪ Citibank: USD 50 million
▪ Santander: USD 20 million
▪ Banco do Brasil: USD 10 million
▪ XP Inc: USD 10 million
The most recent trade finance credit line with Citibank for USD 50mn has a 180-day duration and a 9.3% total
interest rate. The Company was able to achieve favorable terms given its superior ESG credentials, which Citibank
is now expressly considering in its Supplier Finance ESG lines. The increased balance of trade financing remains
available for use , as the Company currently funds its working capital through its prepayment agreement with
Glencore.
Company CEO and Co -Chairperson, Ana Cabral -Gardner, notes, “We reached an important financing milestone
closing a total of USD 90mm of ESG trade lines by achieving production cadence at the Greentech industrial plant.
Establishing a consistent shipping schedule , demonstrating our product quality , and low-cost resilience at the
trough of this lithium cycle has opened these additional credit opportunities for Sigma Lithium. The trade lines with
longer duration significantly increase our financing flexibility , as our board prepares to make a final investment
decision on the construction of a second Greentech industrial production line of Quintuple Zero Green Lithium. ”
Sigma Lithium has managed to industrialize a unique Quintuple Zero Green Lithium, recognized at COP28 as the
most sustainable lithium in the world:
• Zero Net Carbon: First large-scale producer in the lithium industry to achieve carbon neutrality.
• Zero Coal Power at Greentech Plant: 100% renewable power.
• Zero Tailings Dams: 100% dry stacked tailings.
• Zero Utilization of Potable Water: Sewage treatment for solid fecal residues for Greentech plant inbound
water.
• Zero Use of Hazardous Chemicals in manufacturing process of lithium concentrate.
ABOUT SIGMA LITHIUM
Sigma Lithium (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML) is a leading global lithium producer dedicated to
powering the next generation of electric vehicle batteries with carbon neutral, socially and environmentally
sustainable lithium concentrate.
Sigma Lithium operates at the forefront of environmental and social sustainability in the EV battery materials
supply chain and is currently producing Quintuple Zero Green Lithium concentrate from its Grota do Cirilo
Project in Brazil. Phase 1 of the project entered commercial production in 2Q23 and has an annual capacity of
270,000 tonnes of concentrate (36,700 LCE annually). The Company is currently evaluating a decision to
expand production via a Phase 2 concentrate line and associated mine which would add another 250,000
tonnes of annual Quintuple Zero Green Lithium capacity. The project produces lithium concentrate at 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 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
Matthew DeYoe, EVP Corporate Affairs & Strategic Development
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+1 (201) 819-0303
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 Tai lings
strategy, achievement of ramp-up volumes, production estimates and the operational status of the Groto 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, includi ng 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 inhere ntly 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 batte ries
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 accurate, as ac tual 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 revise 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 expectations, 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.