Sigma Lithium Receives from Glencore a 50% Prepayment at Premium Prices FOR Its Third Shipment of 20,000 Tonnes
| 1
SIGMA LITHIUM RECEIVES FROM GLENCORE A 50%
PREPAYMENT AT PREMIUM PRICES FOR ITS THIRD SHIPMENT
OF 20,000 TONNES
São Paulo , Brazil – (October 31, 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, socially and environmentally sustainable chemical-grade
lithium concentrate, announces it has received from Glencore the prepayment for its third shipment of Triple Zero
Green Lithium, totaling 20,000 tonnes. The 50% prepayment reflects a premium pricing at a 9% provisional price
of lithium hydroxide at LME (average China, Japan, South Korea) for the Company’s unique Triple 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 .
In addition to the prepayment received from Glencore, the Company has access to trade finance green credit
lines from both Santander and XP Inc (“ACC/ACE”) that can be drawn down upon delivery of its triple Zero Green
Lithium to the Vitoria Port warehouses managed by Multilift. ACC/ ACEs are customary commercial banking trade
finance in Brazil provided by commercial banks to exporters with counterparty clients with robust
creditworthiness. Glencore is the counterparty client for Sigma Lithium in the third shipment.
Sigma Lithium’s Triple Zero Green Lithium: The foundation of a globally sustainable supply chain
Sigma Lithium effectively lowered its carbon footprint with a series of pioneering initiatives, paving the way
forward for the metals & mining sector.
The Company’s Triple Zero Green Lithium is produced at its state-of-the-art Greentech lithium plant at its Grota
do Cirilo Project in Brazil, the first lithium project in the world without a tailings dam. With 100% dry -stacked
tailings and the absence of hazardous chemical products for processing lithium, the Company is preventing
water and soil contamination and contributing to the preservation of rivers and forests in the region.
The Company’s main achievements towards abating its carbon footprint include:
• Zero tailings: 100% dry stacked tailings, with all by-products eliminated through sales or upcycling to pave
roads.
• Zero hazardous chemicals: Utilizes Dense Medium Separation (“DMS”) at the Greentech plant, which
does not utilize hazardous chemicals.
• Water efficiency: Utilizes 100% sewage water for its plant, fully recirculated.
• Water preservation : Preserv es 100% of the Piaui Creek source of drinking water for the communities
living around Sigma Lithium.
• Clean renewable energy : Utilizes 100% clean renewable energy for its Greentech Plant via “behind the
meter” supply agreements.
• Biodiesel: Utilizes biodiesel fuel in some of its trucking fleet, with plans to increase to up to 50% by 2025.
• Explosives / ANFO: Decreased explosives load with computerized load simulation strategies.
Further, due to the low carbon content of Sigma Lithium’s products, as well as its environmentally sustainable
production methods, the Company's carbon footprint was offset with carbon credits purchased from
Carbonext (which are verified through Verra Verified Carbon Standard), making the shipment carbon neutral.
| 2
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 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 766,000 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 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
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 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-
| 3
looking information are reasonable, there can be no assurance that these assumptions and expectations will prove to be correct.
Forward-looking information inherently 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 actual results and future events could differ materially from those anticipated in s uch
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.