Sigma Lithium Corp (TSX-V:SGML, OTCQB:SGMLF, NASDAQ:SGML) said it has been recognized as a top 50 stock in Bank of America Securities Global Research's '50 Stocks for 10 Scarcity Themes'.
The company said the report highlights it as one of only a few companies expected to supply additional lithium to the global markets in the near term.
Sigma Lithium owns and operates the Grota do Cirilo project in Brazil and is currently in construction of its "Greentech" commercial production plant.
READ: Sigma Lithium upsizes private placement to C$136.7M with additional investment by BlackRock managed funds and accounts
For more than three years, the company said it has been producing lithium concentrate on a demonstration pilot scale at the site. Additionally, it can produce a lithium product with a low environmental footprint as it utilizes hydroelectric power, dry-stacks its tailings, recycles the vast majority of its water, and operates without hazardous chemicals in a flotation circuitry.
"As a lithium material pure-play, producing battery grade green and sustainable lithium, Sigma Lithium is fully driven by the lithium market and EV growth,” said Sigma co-CEO Ana Cabral-Gardner in a statement.
“As EV demand and battery production expand, the market value of lithium, which was just $27 billion in 2020, is set to increase multiple times. However, supply and demand dislocation risk is already impacting lithium prices. Keeping both raw material mining and battery manufacturing capacity in lockstep with demand is challenging given the long lead times to bring new mining capacity online, often taking over 10 years.”
Meanwhile, Sigma said the CEO will be speaking at three upcoming investor conferences:
- Cabral-Gardner will present at the BMO 31st Global Metals & Mining Conference on March 1 at 2:45 pm ET on the growing demand for lithium and how projects such as Sigma can play a key role in the energy transition and the future of clean mobility.
- On March 2 at 11:30 am Cabral-Gardner will present at the Bank of America (NYSE:BAC) Securities 2022 Global Agriculture and Materials Conference on the lithium market and growing global demand.
- She also will be available "in-person" for one-on-one meetings throughout both conferences.
Contact the author: patrick@proactiveinvestors.com
Follow him on Twitter @PatrickMGraham