Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Starmer says UK to recognize Palestinian state if...
‘Critical’ closed-door congressional huddle focuses on growing antisemitism...
Trump’s CDC pick confirmed—but her pro-vaccine stance may...
Trump pick Emil Bove confirmed as federal judge...
From Gaza to Greenland, Macron breaks with Trump...
Schumer calls on FBI to conduct counterintelligence threat...
Biden ‘Politburo’ member Steve Ricchetti to appear before...
Trump looks to skip G20 summit in South...
Backlash against Sydney Sweeney ‘jeans/genes’ ad gets mocked...
Biden ‘Politburo’ member Steve Ricchetti appears before House...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Sigma Lithium to Double Grota do Cirilo Output Capacity with Brazilian Bank Loan

by admin September 3, 2024
September 3, 2024
Sigma Lithium to Double Grota do Cirilo Output Capacity with Brazilian Bank Loan

Sigma Lithium (TSXV:SGML,NASDAQ:SGML) announced on Thursday (August 29) that a development loan of 487 million Brazilian reais will allow it to double the production capacity of its Grota do Cirilo lithium operation.

The National Brazilian Bank for Economic and Social Development has made a binding commitment to provide Sigma with the funds, which will allow the company to build a second Greentech carbon-neutral plant.

With the new plant, Sigma will be able to boost it annual output of Quintuple Zero Green Lithium from 270,000 metric tons to about 520,000 metric tons. ‘Quintuple Zero’ refers to the product’s five key environmental attributes: zero carbon emissions, zero use of potable water, zero hazardous chemicals, zero tailings dams and zero use of dirty power.

Located in Minas Gerais, Brazil, Grota do Cirilo is already considered one of the largest lithium operations in the world. Phase 1 operations began commercial production in the second quarter of 2023.

The expansion is expected to enhance the company’s ability to meet growing demand for lithium, particularly from the electric vehicle sector, while maintaining its alignment to global standards for sustainability.

The existing Greentech plant uses 100 percent renewable energy. Additionally, the company has implemented a dry stacking method for tailings management, eliminating the need for a tailings dam. Water used in the production process is sourced from sewage treatment to further reduce environmental impact.

Sigma was recognized at COP28 for its clean technology and environmental sustainability practises.

The expansion project, which was approved by the company’s board in April, is expected to be completed within a 12 month period, with commissioning scheduled for mid-2025. Construction activities have already been initiated.

Sigma recently reported its second quarter results, outlining revenues of US$45.92 million for the quarter, driven by the sale of 52,572 metric tons of Quintuple Zero Green Lithium.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
AuKing Mining
next post
With 3 days until voting starts, ‘election season’ kicks off sooner than you think

You may also like

First Helium Initiates Process to License & Drill...

November 25, 2024

Agreement to Acquire Major Drill-Ready Antimony-Gold-Tungsten Project in...

June 11, 2025

Rick Rule: Gold Stock Sweet Spot, Uranium’s New...

January 24, 2025

Seequent Unveils Evo: Using Open-source Tech to Reshape...

March 15, 2025

High-grade Figueira Resource Improves Financial Metrics of the...

October 22, 2024

Presenting on the Emerging Growth Conference 76 Day...

October 29, 2024

Key Mining Approval Received for Fountain Head Gold...

November 4, 2024

Exclusive Interview: Energy Technologies CEO Nick Cousins

December 1, 2024

Crypto Market Recap: Bitcoin Breaks US$100,000, Coinbase Makes...

May 11, 2025

Anteros Identifies High-Grade Copper-Gold Targets at the Strickland...

May 21, 2025

Recent Posts

  • Starmer says UK to recognize Palestinian state if Israel doesn’t agree to ceasefire, Hamas must ‘disarm’
  • ‘Critical’ closed-door congressional huddle focuses on growing antisemitism in US, Mamdani’s rise
  • Trump’s CDC pick confirmed—but her pro-vaccine stance may clash with RFK Jr.’s agenda
  • Trump pick Emil Bove confirmed as federal judge after furious Democrat walkout, whistleblower complaints
  • From Gaza to Greenland, Macron breaks with Trump on global flashpoints

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (845)
    • Investing (2,651)
    • Politics (3,267)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.