SAO
PAULO, Oct. 12, 2023 /CNW/ -- 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, is honored to announce that CEO
and co-founder Ana Cabral has been
named "Mining Person of the Year" for 2022 by The Northern
Miner.
Ana received the prestigious award for "Mining Person of the
Year" at the Canadian Mining Symposium 2023 during London Metal
Exchange Week in London, U.K.,
where she also shared her thoughts on the role critical minerals
will play in shaping the Green Energy Transition.
The "Mining Person of the Year" award is selected each year by
the Northern Miner Group for outstanding and timely contributions
to the field of mining. This acclaimed award signifies Cabral's
outstanding leadership and impact on both Sigma Lithium and the
broader mining industry.
Over six years of her leadership, she has shaped the culture of
Sigma Lithium as an inclusive meritocracy, where talented
individuals of all genders, ages and races are rewarded for their
performance and commitment to execute according to the ESG-centric
purpose of the company.
Ana has been a leading executive director of Sigma Lithium since
its inception as a small junior explorer in 2012. She joined the
management team full time in 2016 as a co-leader, turning the
company around from bankruptcy into one of the world's largest
lithium producers, delivering the pioneering "Triple Zero Lithium":
Zero Carbon, Zero Tailings, Zero Hazardous Chemicals, reusing 100%
of the water.
Commenting on the award, CEO Ana
Cabral said, "I am honored to have been selected by
Canada's The Northern Miner as
'Person of the Year' (a woman from Latin
America). We are just getting started as a producer but have
already reached the consistency and cadence of shipments that are
the hallmarks of established producers in scale."
"We have worked incredibly hard to earn this recognition,
often against market cycles, deploying proprietary capital for many
years to make Sigma Lithium a reality and execute on our
vision."
"This award is the result of the collective effort of a
resilient, resourceful, and relentless team which has worked hard
over more than a decade to transform our vision into reality. In
our industry where ideas abound, success in execution is determined
by commitment to strategy and brutal hard work. And more
importantly, we firmly believe that success is always a result of a
360-degree view of how the Company is integrated for minimal impact
on the natural ecosystems around it; and how it integrates for
maximum positive impact on neighboring communities."
"I am very proud of the deep bench of talent at Sigma,
incredibly dedicated to deliver impeccably on our shared mission.
We started small and regionally: our hope was to transform our Vale
do Jequitinhonha into a much better place than it was when we
started to invest there in 2012."
"As we grew our business into a 'Global Force for Good' in
the lithium sector, we were able to demonstrate to the wider
industry that our success was certainly due to our sustainability
ethos. Hence it is very rewarding to witness the change we have
been helping catalyze in the way our metals & mining industry
takes to a higher level its positive contributions to society and
communities."
Alisha Hiyate, Editor-in-Chief of
The Northern Miner, commented, "We believe Ana's leadership was
essential in Sigma Lithium's rise from IPO in 2018 through
construction and commissioning of the Grota do Cirilo mine, and
first production in 2023. As a co-founder, then co-CEO and most
recently as CEO, she has been key to the company's ability to
obtain financing in each stage, and the company's impressive share
price rise since early 2022. Under Ana's leadership, the company
committed to developing Grota do Cirilo with the lowest possible
environmental impact, targeting end-user and consumer concerns. And
she has been a driving force behind Sigma's first-mover status,
opening up Brazil as a significant
new lithium mining jurisdiction. This is why we named her our
'Mining Person of the Year' for 2022."
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/
Sigma Lithium
LinkedIn: Sigma Lithium
Instagram: @sigmalithium
Twitter: @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 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, 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
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
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.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.
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SOURCE Sigma Lithium
