VANCOUVER, British Columbia, Sept. 26, 2019 (GLOBE NEWSWIRE) -- Sigma Lithium Resources Corporation (“Sigma” or the “Company”) (TSX-V: SGMA) (OTC-QB SGMLF) is pleased to announce that it participated in a Panel at Financial Times Commodities Americas Summit 2019 in Rio de Janeiro, Brazil, where executives discussed the future of the mining industry in the Americas and the adoption of higher standards of environmental sustainability practices.
Chaired by Neil Hume, Financial Times Natural Resources Editor, the panel included Ivan Simoes, Head of Corporate Affairs at Anglo American Brazil, Adam Matthews, Director of Ethics and Engagement for the Church of England Pensions Board and Co-Lead on the Investor Mining & Tailings Safety Initiative, Victor Bicca, President of the Brazilian National Mining Agency ANM (Agência Nacional de Mineração), and Eduardo Ledsham, CEO of Bamin.
Ana Cabral, Sigma Chief Strategy Officer, said at the panel: “Sigma Lithium was already born green back in 2013, in order to secure a leading position in supplying the environmentally-focused electric vehicle value chain. As a result, we committed 15% of our Capex to environmental equipment and technologies that would keep Sigma at the forefront of environmental best practices, including efficient water usage through recirculation and dry stacking tailings management.”
She added, “In our age of global climate action and heightened environmental awareness throughout mainstream supply chains, even outside of traditionally green-focused industries, investors and societies are raising concerns about their participants’ carbon footprint and environmental credentials.”
“Thus, the mining sector must rise to the challenge of maintaining the highest standards of environmental practices. Its social and operational licenses will depend on it going forward. This is the “new normal” for the industry. It will bring a higher capex bill but as the LPs of the largest global investors, such as the Church of England Pensions Board, here in this panel, are leading the way, there is no turning back,” says Cabral.
“This increased environmental awareness of supply chains will bring a unique opportunity to Brazilian mining companies by compounding their environmental best practices with the country’s clean hydro-powered electricity to create a lasting and sustainable green competitive advantage,” she added.
ABOUT SIGMA LITHIUM
Sigma is a leading green lithium company at the forefront of the lithium ion battery global supply chain, enabling the decarbonization of mobility fleets. Sigma is on a fast-track to commercial production of a highly engineered, low impurities 6% battery grade lithium concentrate, driven by the increasing demand for electric vehicles and energy storage worldwide.
Sigma started to produce battery-grade lithium concentrate on a pilot scale in 2018, shipping high quality above 6% Li2O coarse lithium concentrate samples to potential customers. Based on the initial design being considered under the feasibility study, a larger scale lithium concentration commercial production plant will contemplate a capacity of 220,000 tonnes of battery-grade spodumene concentrate annually.
Sigma’s corporate mission is to execute its strategy while embracing environmental, social, and governance (“ESG”) principles. Sigma’s shareholders include some of the largest ESG-focused institutional investors in the world.
FOR ADDITIONAL INFORMATION PLEASE CONTACT
Sigma Lithium Resources Corporation
www.sigmalithiumresources.com
Company Contact:
Ana Cabral
Chief Strategy Officer and Director of Investor Relations
55 11 2985-0089
ana.cabral@sigmaca.com
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements relating to Sigma’s objectives, the potential for increased resources, concentration plant construction and expected production levels, achieving sustainable production and other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These assumptions, risks and uncertainties include, among other things: the state of the economy in general and capital markets in particular, the availability of project financing on reasonable terms, investor interest in the business and future prospects of Sigma and the settlement of definitive offtake and other commercial agreements.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, Sigma disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, Sigma undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.
The key risks and uncertainties that could cause actual results or the material factors and assumptions applied in preparing forward-looking information to differ materially from predictions, forecasts, projections, expectations or conclusions are discussed in the “Risk Factors” section of Sigma’s Filing Statement dated April 26, 2018. We caution that the foregoing list is not exhaustive of all possible factors.
For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to our public filings available at www.sedar.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.