“Brazil has the strategic opportunity to become an exporting power for green lithium”

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– Brazilian lithium to power green transport in North America and Europe

Posted: October 26, 2021 at 8:05 AM EDT|Update: 1 hour ago

VANCOUVER, BC, October 26, 2021 / PRNewswire / – Brazil has a unique opportunity to become a major global exporter of advanced environmentally friendly lithium materials, attracting global investment and creating local jobs while transforming the social and economic base of the Vale do Jequitinhonha , one of the poorest regions of the world in the semi-arid north of the state of Minas Gerais, says Sigma Lithium Co-CEO Ana Cabral-Gardner. Sigma Lithium (NASDAQ: SGML, TSXV: SGML) is dedicated to powering the next generation of electric vehicle batteries with high purity and environmentally friendly lithium.

Sigma Lithium logo (PRNewsfoto / Sigma Lithium)

His comments were made to Congress during a seminar organized by IBRAM (Brazilian Mining Industry Council) and the Mining and Energy Commission at the Chamber of Deputies of the Brazilian Congress chaired by the Congressman . Edio Lopes.

Cabral-Gardner, who will also address the all-important United Nations Climate Change Conference (COP26) to November 8 and 11 in Glasgow, Scotland, said: “The countries that produce lithium will gain relevance and prominence on the global stage over the next decade in the race for net zero. This is why so many governments across Europe, United States, South America and Asia Decarbonize mobility and promote the production of lithium materials as a top priority, ”said Cabral-Gardner, who recently participated in the United Nations High Level Dialogue on Energy.

“The growth in sales of electric vehicles in Europe, Asia and United States represents a fantastic opportunity for Brazil to position itself as a powerhouse for green lithium, supplying high purity battery grade lithium materials to enable the conversion of global transport to zero carbon, ”she adds.

Cabral-Gardner added:

  • Brazil has a lot of lithium to export. Brazil is already a global case study on low carbon mobility fueling our cars with ethanol, biofuels and natural gas. 88% of the entire fleet of our country runs on hybrid ethanol. Brazilians are proud to be one of the world’s leading producers and consumers of biofuels. “
  • “Lithium can be found everywhere and is a mineral of the future. Sigma Lithium is one of the few companies that has succeeded in producing lithium in an environmentally sustainable manner. In addition, it has succeeded in technologically reaching high levels. purity and battery concentration greater than 6% required by the world’s largest producers of advanced batteries, such as LG Energy Solution, Sigma’s customer. “
  • Brazil has an incredible opportunity to join our neighbors in South America, Chile and Argentina who have developed their lithium industry and are major global lithium exporters. Over the years, they have received billions of dollars in investments. It’s time Brazil is capturing its fair share of these investments to recover our impoverished region of Vale do Jequitinhonha. “
  • “Becoming a global lithium export powerhouse will bring Brazil essential investments, businesses, jobs and tax revenues that will contribute to important federal and regional development projects and infrastructure, particularly in the northern state of Minas Gerais. “
  • “We humbly believe that Congress has an important opportunity to support this new industry, removing bureaucratic restrictions and improving the business environment to attract investment and jobs to alleviate the impoverished region of Vale do Jequitinhonha, while helping Brazil take the lead in global decarbonization and energy transition, strengthening strategic relationships with all governments around the world that need to decarbonize their fleets to contribute to a greener planet this decade. “

ABOUT SIGMA LITHIUM

Sigma Lithium is a Canadian company that develops, with a strategy focused on sustainable environment and ESG, the largest hard rock lithium deposits in the Americas, located in its wholly owned Grota do Cirilo project in Brazil (the “Project“). The Company produced a high purity low carbon lithium concentrate at an on-site demonstration pilot plant (the”Pilot plant“) since 2018. This pilot production has been an important part of the Company’s successful business strategy, shipping samples of its low carbon” green and sustainable “high purity lithium to key global potential customers for the certification and testing of products, with the aim of participating in the rapidly expanding electric vehicle (“VE“) Supply Chain.

The company is in the pre-construction and detailed engineering phase of a fully automated and environmentally friendly dense media separator (“DMS“) production plant, which will apply proprietary algorithms to digitally control the dense medium. The production plant will be vertically integrated into the Company’s mining operations, using exclusively high purity spodumene ore with exceptional mineralogy as raw material The production plant will process the spodumene ore into a high purity 6% battery grade lithium concentrate designed to customer specifications in the lithium-ion battery supply chain for electric vehicles.

The Company continues to demonstrate its commercial and commercial relevance by significantly advancing its strategic objectives on three fronts: the short-term production planned for 2022, the completion of the viability studies of the production expansion envisaged for 2023, and determining the ultimate scope and unique high purity quality of the Company’s 100% -owned Grota do Cirilo mineral resources, while maintaining its strategic leadership in ESG in the lithium supply chain.

In order to ensure a leading position in the supply of clean mobility value chains and green energy storage, the Company has systematically adhered to the highest standards of ESG practices, which have been established as part of its main objective when it was created in 2012. The production process will be powered by clean energy and the Company will use advanced water recirculation circuits in its treatment combined with dry tailings management. The production plant’s DMS process does not use hazardous chemicals, therefore its residues are 100% recyclable in ancillary industries, such as ceramics.

FOR FURTHER INFORMATION PLEASE CONTACT SIGMA LITHIUM INVESTORS:

(São Paulo) Daniel Abdo +55 11 2985-0089 [email protected] or [email protected]

(São Paulo) Vitor Ornélas +55 11 2985-0089 [email protected]

SIGMA LITHIUM MEDIA CONTACTS:

(Brazil) Anthony Dovkants, [email protected] +55 11 99 686 806

(United States) Colleen Robar, [email protected] +1 313 207 5960

SOCIAL MEDIA SIGMA LITHIUM:

LinkedIn: @SigmaLithium

Instagram: @sigmalithium

Twitter: @SigmaLithium

FORWARD-LOOKING STATEMENTS

This press release includes certain “forward-looking information” under applicable securities laws in Canada and the United States, including, but not limited to, statements relating to duration, impact and the ultimate severity of the COVID-19 pandemic (including its impact on financial markets and multinational economies in general, and its impact on the growth of the electric vehicle market and other impacts on the demand for lithium products) , the general business and operational outlook of the Company and other forward-looking information. All statements that deal with future plans, activities, events or developments that the Company believes, anticipates or anticipates will occur or could occur are forward-looking information, including statements regarding the potential development of the Company. mineral resources and mineral reserves that may or may not occur. The forward-looking information contained in this document is based on certain assumptions concerning, among others: general economic and political conditions; the stable and favorable legislative, regulatory and community environment in the jurisdictions in which the Company operates; trends and anticipated effects with respect to the COVID-19 pandemic and the post-pandemic; the demand for lithium, including the fact that this demand is supported by the growth of the electric vehicle market; the Company’s position in the market and its future financial and operational performance; the Company’s estimates of mineral resources and mineral reserves, including whether the mineral resources will ever be developed into mineral reserves; and the Company’s ability to develop and achieve production in its mining projects. Although management believes that the assumptions and expectations reflected in the forward-looking information are reasonable, there can be no assurance that these assumptions and expectations will prove to be correct. Forward-looking information inherently involves and is subject to risks and uncertainties, including, but not limited to, the fact that the Company may not develop its mining projects into commercial mining; lithium market prices may not stay at current levels; and the market for electric vehicles and other large format batteries currently has a limited market share and no guarantee can be given as to the speed at which this market will develop, if any, which could affect the success of the Company and its ability to develop lithium operations. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the Company’s current annual information form and other public documents available under the Company’s profile. Company at address 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 release.

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SOURCE Sigma Lithium

The above press release has been provided courtesy of PRNewswire. The views, opinions and statements contained in the press release are not endorsed by Gray Media Group and do not necessarily state or reflect those of Gray Media Group, Inc.

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