Sigma Lithium says Phase 2 & 3 expansion plans ‘are proceeding as planned’

Sigma Lithium categorically states that its Phase 2 & 3 expansion plans are proceeding as planned. Sigma Lithium vehemently denies inaccurate recent media reports that incorrectly denominated as an “injunction” certain conditions established upon the approval by the Brazilian Courts of the transfer of two Exploration Sub-Plots by RIX to Sigma Brazil. Sigma Lithium states as categorically incorrect recent media reports speculating that the status or conditions attached to the transfer are impediments to the Company’s future operations and its ability to conduct its Phase 2 & 3 expansion. The Brazilian Courts ruling just reinforced the Brazilian Mining Code, whereby both Sigma Brazil and RIX have access ensured by rule of law to the Exploration Sub-Plots through a standard “waste sharing agreement”. The two companies celebrated an irrevocably binding waste sharing agreement on August 9, 2023. The Brazilian Courts authorized the transfer of the Exploration Sub-Plots by RIX without cost to Sigma Brazil. Furthermore, the Brazilian Courts ruled that any undue loss to RIX can be resolved through financial compensation amongst RIX shareholders. This compensation is an internal matter related to RIX and does not impact Sigma Brazil nor Sigma Lithium.