Sigma Lithium Signs with a Major Brazilian Bank a US$100 Million Collateralized Bank Guarantee
Sigma Lithium Signs with a Major Brazilian
Bank a US$100 Million Collateralized Bank
Guarantee
SUMMARY
Sigma Lithium signs a US$100 Million bank guarantee ("Bank Collateral"), fully
collateralized by its clients through a blend of corporate guarantees, letters of credit and
export receivables to be mutually agreed.
This is a key milestone for the Company to execute its growth plans in 2026 and finalize
the construction of its second Greentech industrial plant to double its production capacity
from 270,000t to 520,000t annually.
The Bank Collateral enables Sigma Lithium to access development bank financing made
available to the Company.
Sigma Lithium is the engine of growth of Vale do Jequitinhonha, employing 13,000 people
directly and indirectly
, while benefitting an additional 21,000 people through its social
inclusion programs.
The Expansion will further promote the continuous economic growth of the
Jequitinhonha Valley through a proportional increase in both employment and
social inclusion beneficiaries.
10 years ago, before the Company became the largest lithium industrial mineral
producer in the Americas, the region was the second poorest in the country and
currently it grows by over 10% annually.
São Paulo, Brazil--(Newsfile Corp. - April 2, 2026) - Sigma Lithium Corporation (NASDAQ: SGML)
(TSXV: SGML) (BVMF: S2GM34) ("Sigma Lithium" or the "Company"),
the largest producer of lithium
oxide concentrate in the Americas¹ and dedicated to industrializing socially and environmentally
sustainable lithium materials to supply global producers of batteries for energy security, announces the
signing of an US$100 million collateralized bank guarantee with a major Brazilian bank. The bank
guarantee ("
fiança bancária
") is to be collateralized by its clients, through a blend of corporate
guarantees, letters of credit and export receivables to be mutually agreed amongst the parties.
The bank guarantee will support the construction and installation of Sigma Lithium's Greentech Industrial
Plant 2, increasing the Company's nameplate annual production capacity of high-grade premium lithium
oxide concentrate from 270,000 tonnes to 520,000 tonnes. Sigma Lithium's Greentech Industrial Plant 2
will replicate the same environmentally sustainable technologies and processes currently used in the
Company's operating Greentech Industrial Plant 1.
The Bank Guarantee is subject to, amongst other typical terms and conditions, the completion of the
negotiation of definitive written agreement(s) with all the parties, which are to be consistent with the
agreed terms contained in the preliminary agreement signed in the letter of intention .
Ana Cabral, Co-Chairperson of Sigma Lithium, said: "
The support from our banking partners in Brazil
and global clients for our lithium oxide underscores the strength of these relationships, the
competitiveness of our industrialized product and their confidence in our management team and
business strategy."
Ms. Cabral
added:
"Furthermore, this expansion reinforces our commitment to fostering sustained
economic growth and prosperity in the communities of the Jequitinhonha Valley. Since Sigma
Lithium's initial investments in the region dating back to 2012, when it was still a private company, we
have dreamed of transforming the future of our neighbors in this historically
impoverished region
through the successful implementation of a globally competitive lithium industry. That prosperity
became a reality 14 years later, driven by the significant economic development generated by the
Company's shareholders investments in building and implementating the fifth-largest global lithium
industrial-mineral complex in the Vale do Jequitinhonha, now the largest producer in the Americas of
industrialized lithium oxide."
ABOUT SIGMA LITHIUM
Sigma Lithium Corporation (NASDAQ: SGML) (TSXV: SGML) (BVMF: S2GM34) ("Sigma Lithium" or
"the Company"), is the largest producer of lithium oxide concentrate in the Americas¹ and dedicated to
industrializing socially and environmentally sustainable lithium materials to supply global producers of
batteries for energy security.
The Company operates one of the world's largest lithium production sites-the fifth-largest industrial-
mineral complex for lithium oxide concentrate-at its Grota do Cirilo operation in Brazil. Sigma Lithium is
at the forefront of environmental and social sustainability in the electric battery materials supply chain.
The Company's Greentech Industrial Plant combines dry stacking, the reuse of 100% of water, zero use
of toxic chemicals and the use of 100% renewable electricity. For more than two years Sigma Lithium
has not experienced an accident with lost time.
Sigma Lithium currently has a nameplate capacity to produce 270,000 tonnes of lithium oxide
concentrate on an annualized basis (approximately 38,000-40,000 tonnes of LCE) at its mine and state-
of-the-art Greentech Industrial Plant. The Company has initiated a Phase 2 expansion designed to close
to double production capacity to 520,000 tonnes. For more information about Sigma Lithium, visit our
website
.
(1)
USGS.
FOR ADDITIONAL INFORMATION PLEASE CONTACT
Anna Hartley
, Vice President of Global Banking and Investor Relations
+44 7866 458 093
Mariana Bengtson
, Investor Relations Manager
+55 11 9 2144 2750
Sigma Lithium
LinkedIn:
Sigma Lithium
Instagram:
@sigmalithium
X:
@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
Grota 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 developed 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 labor 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 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 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 accurate, 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 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.sedarplus.ca
.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/290997