Sigma Lithium (SGML) announced a significant development in its growth endeavors. The company secured a binding commitment from BNDES to fund its second Greentech lithium concentrate production plant in Brazil. This financial boost, amounting to 487 million reais, offers a 16-year repayment period at 7.45% annual interest.

Sigma Lithium’s Expansion Plans

The new funding supports Sigma Lithium’s goal to double its production capacity from 270,000 metric tons to 520,000 metric tons. This move comes as the company commences construction activities on-site, aiming for completion by summer 2025.

Impact of BNDES Loan on Sigma Lithium

The extended repayment terms allow Sigma to retire most of its unused short-term trade finance lines. This strategic financial shift positions the company strongly in the growing lithium market.

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