Sigma Lithium Corp (TSX-V:SGML, NASDAQ:SGML) announced it has started the loading of its eighth shipment of quintuple-zero green high-purity coarse lithium concentrate, totaling 22,000 tonnes, at the Port of Vitoria.
The achieved price, finalized and non-provisional, marks a significant increase over previous premium prices, Sigma noted.
After deducting the value-added tax (VAT), the final price achieved for the lithium concentrate shipment is equivalent to 8.75% of the LME market price as of March 27, 2024.
Additionally, 85% of the eighth shipment's value has been prepaid, Sigma added.
Keith Prentice, co-general manager, praised the site team for their exemplary execution, noting that the Greentech Plant has been delivering at the predictable cadence expected of an established producer.
Catarina Noci, commercial director, expressed confidence in Sigma's product qualities.
"We believe the market is now just starting to attribute value to Sigma's superior product qualities. We can build on the traction gained in April, with early indications pointing to better economics for our upcoming May shipment."
Sigma Lithium continues to adapt its commercial strategy to maximize price discovery and value creation for its April 2024 production, scheduled to be shipped in early May.