Sigma Lithium Announces Loading 22,000t Shipment With 85% Prepayment At Premium Prices; Achieved A Premium Fixed Price Of $1,333/t (13% VAT Included), Equivalent To $1,160/t (Net Of VAT) Through A Negotiated, Fixed, "Auction-Price Discovery" Process

Author: Benzinga Newsdesk | April 15, 2024 08:46am

• Sigma Lithium announces that it has commenced loading its 8th shipment, totaling 22,000 tonnes of its Quintuple Zero Green, high purity and coarse lithium concentrate, at the Port of Vitoria.
• The Company achieved a premium fixed price of US$ 1,333/t (13% VAT included), equivalent to US$ 1,160/t (net of VAT) through a negotiated, fixed, "auction-price discovery" process.
• Sigma Lithium will continue to adapt its commercial strategy to maximize price discovery and value creation for its April 2024 production, to be shipped in early May.

SÃO PAULO, April 15, 2024 /PRNewswire/ -- Sigma Lithium Corporation ("Sigma Lithium" or the "Company") (NASDAQ:SGML, BVMF: S2GM34, TSXV:SGML), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, announces it has commenced the on-time loading of its eighth shipment of quintuple zero green high-purity coarse lithium concentrate ("Quintuple Zero High-Purity Lithium") , totaling 22,000 tonnes, at the Port of Vitoria.

 

The achieved price is final and non-provisional and represents a meaningful increase over the previous premium prices achieved. As a reference, the final price net of VAT is equivalent to 8.75% of the LME Lithium Hydroxide CIF market price, as previously disclosed in a news release on March 27, 2024. 85% of the eighth shipment's value has also been prepaid.

Keith Prentice, Co-General Manager commented: "The site team has been executing at a high level, with the Greentech Plant delivering at the predictable cadence of an established producer."

Catarina Noci, Commercial Director commented: "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."

Posted In: SGML TSXV:SGML