Sigma Lithium provides update on construction of second Greentech plant

Sigma Lithium (SGML) provided an update on its advancement of the construction of its second Greentech industrial plant to double its production capacity of lithium oxide concentrate. Sigma Lithium is on track to double its production capacity in 2025, with commissioning expected to begin in Q4. To date, the company has completed 100% of the foundation earthworks for the second Greentech industrial plant, staying on schedule and within budget. The first cement has been poured, and construction has advanced to civil works, including the completion of water drainage infrastructure for the second industrial site. In addition, detailed engineering with technical specifications has been completed for certain key equipment items with long manufacturing lead times. Procurement and contractual negotiations have been completed, and orders for these items are expected to be placed within the current quarter. Initial deliveries of the plant’s equipment are expected to commence in June 2025, followed by the assembly of mechanical structures.Currently, there are 100 people working on the expansion project, with plans to increase the workforce to 1,000 at peak construction. The company has also accelerated its homecoming program with the creation of a training center for heavy machinery operators in one of the neighboring communities. Sigma Lithium has secured a $100M development bank credit line from BNDES to fully fund the construction. The company decided to continue advancing its construction, despite the current lithium cycle, due to low capital expenditure intensity. This efficiency is driven in part by existing infrastructure, which supports the additional Greentech Industrial Plant and enables us to fast-track construction timelines while controlling costs.