Sigma Lithium Corporation (TSE:SGML) has released an update.
Sigma Lithium Corporation is set to bolster its green lithium production, doubling capacity from 270,000 tons per year to 520,000 tons by initiating the construction of its Phase 2 Industrial Greentech Plant, with a $100 million investment. The expansion, fully funded by the company’s solid financial position, including a $109.4 million cash balance, is expected to commence operations in early 2025. In 2023, Sigma Lithium transformed into the world’s 6th largest integrated lithium producer, reporting substantial revenue growth and free cash flow generation.
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