Sigma Lithium Corp (TSX-V:SGML, NASDAQ:SGML) said it had loaded its sixth shipment, comprising 22,000 tonnes of Quintuple Zero Green Lithium, from its Grota do Cirilo lithium operation in Brazil.
The shipment is part of a commercial distribution and marketing agreement with Glencore, designed to establish an eco-friendly, socially responsible, and globally sustainable lithium supply chain for electric vehicles.
Glencore has prepaid 50% for this shipment at a premium price, representing 7.5% of the quoted LME/Fastmarkets lithium hydroxide price, the company noted.
Sigma Lithium's Greentech Plant, achieving an annualized nameplate capacity of 270,000 tonnes, is seeing consistent production. The company is producing what is called Quintuple Zero Green Lithium, characterized by zero net carbon, zero coal power, zero tailings dams, zero utilization of potable water.
"Our Greentech Plant reached 270,000 tonnes of annualized nameplate capacity just a few months ago and has already managed to achieve the production consistency and cadence delivered only by large scale producers,” Keith Prentice, Sigma’s co-general manager, said in a statement.
And Catarina Noci, Sigma’s commercial director, attributed the firm’s commercial success to the unique technical properties of its lithium concentrate, emphasizing high purity and coarseness.
Sigma Lithium's commercial distribution and marketing agreement with Glencore aligns with their vision of constructing a low-carbon, socially and environmentally sustainable global lithium supply chain for electric vehicles.