Sigma Lithium (SGML) has announced a binding commitment from BNDES, the National Brazilian Bank for Economic and Social Development, for a 487M reais development loan. This loan will fully fund the construction of the company’s second Greentech lithium concentrate production plant in Brazil.

The loan offers a 16-year repayment period at a 7.45% annual interest rate. This significant duration allows Sigma Lithium (SGML) to retire most of its unused existing short-term trade finance lines.

Focus Keyphrase: Sigma Lithium Funding

With its second Greentech carbon-neutral plant, Sigma Lithium (SGML) aims to double its production capacity from 270K metric tons to 520K tons of Quintuple Zero Green Lithium.

Sigma Lithium (SGML) has commenced construction activities on site following its final investment decision. The company expects to complete construction and commissioning by summer 2025.

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