Sigma Lithium Corp (TSX-V:SGML, NASDAQ:SGML) said it has successfully achieved net zero carbon emissions with its first shipment of Triple Zero Green Lithium and Triple Zero Green By-Products.
The maiden shipment consisted of 15,000 tonnes of Triple Zero Green Lithium and 15,000 tonnes of Triple Zero Green By-Products produced from its Grota do Cirilo project in Brazil.
The world's first triple zero product has zero hazardous chemicals, zero tailings and is net zero carbon.
Due to the high-purity nature of its Triple Zero Green Lithium and By-Products, Sigma Lithium was able to achieve premium pricing of around US$3,500/t for concentrate and around US$350/t for by-product.
The company, which is now generating revenue from Phase 1 of its operations, expects to produce approximately 130,000 tonnes of Triple Zero Green Lithium in 2023. It expects to reach Phase 2 and 3 full production capacity in 2024.
"With the successful execution of our first shipment, we celebrate the accomplishment of our mission: we were able to reach our net zero target well in advance of our estimated timeframe, and ahead of the overall metals and mining sector. More importantly, as we reached our climate action goals, we are well on the way to lift the communities around us with initiatives such as microcredit and irrigation for subsistence farmers," Ana Cabral, Sigma Lithium CEO and co-chairperson said in a statement.
"At Sigma Lithium, we believe that businesses have a critical role to play in combating climate change, particularly in the mass transition to electric vehicles. Our state-of-the-art Greentech Plant, which uses 100% renewable energy, 100% recycled water and 100% dry-stacked tailings, is a model of sustainability to fully support the electric vehicle industry in reducing its environmental footprint. By successfully achieving net zero carbon production, we have proven that our industry can effectively embrace sustainable practices and pave the way towards a greener future," she added.
The company added that on July 24, it began trading Brazilian Depository Receipts on the Brazilian Stock Exchange.
Sigma Lithium is a leading global lithium producer dedicated to powering the next generation of electric vehicle batteries with environmentally sustainable and high-purity lithium.
Contact the author at jon.hopkins@proactiveinvestors.com