Sigma Lithium to wrap up review by year-end

2nd November 2023 By: Creamer Media Reporter

Brazil-focused Sigma Lithium, listed on the Nasdaq and TSX-V, said on Wednesday that it had progressed its strategic review process to a final round, with consortiums formed among certain strategic parties.

The Vancouver-based company has received “significant” global interest, it said in a statement, attributing the interest to the large mineral resource of its Grota do Cirilo project, coupled with the low-cost openpit mineral reserves.

Phase 1 of the project is expected to produce 270 000 t/y of Triple Zero Green Lithium. If it is determined to proceed after completion of an ongoing feasibility study, Phase 2 and 3 of the project are expected to increase production to 766 000 t/y.

Sigma stated that it would complete the strategic review process by the end of the year.