Sigma Lithium Joins Mining & Tailings Safety Summit in London Led by The Church of England Pensions Board and The Swedish Nat...
04 November 2019 - 11:00PM
Sigma Lithium Resources Corporation (“
Sigma”)
(TSXV:
SGMA) (OTCQB:
SGMLF) is honored to announce that Ana
Cabral-Gardner, Chief Strategy Officer and executive Board Member,
joined the Mining & Tailings Safety Summit held in London on
October 31. The Mining & Tailings Safety Initiative is led by
the Church of England Pensions Board and the Swedish National
Pension Funds as well as being supported by leading global
institutional investors representing approximately U$13 trillion in
assets under management.
Co-Chaired by Adam Matthews, Director of Ethics & Engagement
at the Church of England Pensions Board, and
John Howchin, Secretary-General of the Council on Ethics
Swedish National Pension Funds, the Summit reviewed
global progress nine months following Brumadinho. Investors,
Brazilian, UK and Chilean regulators, presented to the world’s
leading mining companies the Discussion Paper tabled by Initiative
Co-Chairs with the purpose of aligning expectations among
investors, banks and insurers.
“Sigma’s investors are ESG leaders who fully
support our mission to change the environmental paradigm
in mining in Brazil and as such are ahead of
the curve. Investors have power in driving the Pension Funds’
Minings & Tailings Safety Initiative by not only rewarding with
higher trading multiples and valuations to mining companies that
adhere to best environmental practices, but also by supporting
regulators who define the standardization of disclosures while
exerting pressure for increased transparency from companies”,
says Sigma’s Cabral-Gardner.
“Our sector now faces a turning point similar to the challenges
faced by the consumer industry in the last decade. Millennial
consumers want to learn as much as possible about the environmental
practices of the suppliers of everything they buy, use, eat and put
on their bodies. Sustainability is now mainstream and ESG becomes a
norm as opposed to being just a 'nice to have'. The millennial
consumer is going as far upstream as possible before making an
informed decision. Mining has an established centuries-old culture
that is being rapidly challenged by society to adapt very fast to
the demands of an increasingly 21st century environmentally-focused
world. The best mining companies will rise to the challenge, as
their own social and operational licenses are at stake. This is the
'new normal'", adds Cabral.
Sigma Lithium is a pioneer among battery materials companies in
the utilization of state-of-the-art environmental techniques for
dry stacking tailings management and water recirculation in its
pilot battery grade lithium concentrate processing plant in
Brazil.
Sigma has consistently committed significant capex towards
environmental investments. In the recently announced feasibility
study for its Grota do Cirilo Project it allocated approximately
15% of the capex towards environmental equipment that would
maintain Sigma in the forefront of best practices. Sigma is the
largest investor in one of the poorest regions of Brazil with one
of the country’s lowest IHD (index of human development). The
Company is conducting a social license program to benefit the local
community as well as support the local government in social
initiatives in compliance with the conditions of its dual
environmental LI/LP license.
ABOUT SIGMA LITHIUM
Sigma is a Canadian company producing environmentally
sustainable and low-cost battery grade lithium concentrate in its
pilot plant in Brazil. Sigma production process is powered by green
hydroelectricity and it utilizes state of the art dry stacking
tailings management and water recycling techniques in the
beneficiation process.
Sigma was created green in 2013 in order to secure a leading
position supplying the clean mobility value chain as it rapidly
migrates to electric vehicles. Environmental sustainability is a
core purpose for Sigma.
Our corporate mission is to execute our strategy while embracing
strict environmental, social, and governance
(“ESG”) principles. Sigma’s shareholders include
some of the largest ESG-focused institutional investors in the
world.
Sigma is on track to achieve commercial production in 2021 of a
low impurities, highly engineered 6% battery-grade lithium
concentrate to the global supply chain of the fast-growing
lithium-ion battery market, driven by the increasing demands of
global decarbonization and climate action led by electric vehicles
and energy storage.
FORWARD-LOOKING STATEMENTSFor more information
on the risks, uncertainties and assumptions that could cause our
actual results to differ from current expectations, please refer to
our public filings available 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.
For Additional Information Please
Contact:
Betty LeBlancDirector of Corporate
CommunicationsTel: + 1 604 828-0999betty.leblanc@sigmaca.com
Ana CabralChief Strategy OfficerTel: + 55 11
2985-0089ana.cabral@sigmaca.com
Sigma Lithium Resources
Corporationwww.sigmalithiumresources.com
Sigma Lithium (TSXV:SGMA)
Historical Stock Chart
From Nov 2024 to Dec 2024
Sigma Lithium (TSXV:SGMA)
Historical Stock Chart
From Dec 2023 to Dec 2024