Sigma Lithium announces project updates in Brazil

The company states: "Sigma Lithium was awarded its environmental operating license to operate its wholly owned Grota do Cirilo project, the largest hard-rock lithium project in the Americas, and to produce Battery Grade Sustainable Lithium Concentrate. Sigma Lithium received unanimous approval including the votes by all NGO members at a vote held on March 31, 2023 at the CMI, the chamber of mining activities in Minas Gerais in Brazil. Minas Gerais state environmental regulator COPAM issued the LO, which is the final step of the environmental licensing process. The LO enables the company to sell all Green Lithium product from current and future production, including any stockpiled product. The Company has maintained a six-year dual LP Environmental License since 2019, permitting both construction and initiation of production and installation of its plants and facilities. First production remains on schedule to commence in April 2023." The company further states that it "continues the detailed engineering work on the Phase 2 & 3 expansion, targeting to triple production of Battery Grade Sustainable Lithium Concentrate from 270,000 tpa to 766,000 tpa Completion of the detailed engineering report will inform a subsequent decision by the Board to proceed with the Greentech Plant Expansion. The Greentech Plant Expansion is expected to be funded internally through the Company’s anticipated future cash flow generation."