Sigma Lithium (SGML) has secured a binding commitment from BNDES for a BRL 487 million loan. This funding will support the construction of the Second Greentech Carbon Neutral Plant in Brazil. Sigma has commenced construction and plans completion by summer 2025. The 16-year loan features a 7.45% annual interest, unique for development financing.

Construction of Second Greentech Plant in Brazil

Sigma has begun on-site construction after the Board’s Final Investment Decision. The new plant aims to enhance production of Quintuple Zero Green Lithium, increasing from 270,000 to 520,000 tonnes annually. This expansion is pivotal to supporting Sigma’s role in sustainable lithium production.

Investor Day at Nasdaq

Sigma will host an Investor Day event in New York on September 24, 2024. The event features presentations on the company’s operations and growth strategies. It includes a live Q&A session with senior leadership, offering insights into Sigma’s future.

Significance of BNDES Loan

The development loan marks a strategic step in Brazil’s industrial growth, fostering a green industrial base. CEO Ana Cabral highlighted the loan’s role in strengthening Sigma’s leadership in eco-friendly lithium production. The support from BNDES signifies a commitment to sustainable and socially responsible development in Lithium Valley.

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