Sigma Lithium Corp V.SGML

Alternate Symbol(s): SGML

Metals & Mining Industrial Metals & Minerals

Sigma Lithium Corporation is a Canada-based global lithium producer dedicated to powering electric vehicle batteries with carbon neutral, socially and environmentally sustainable chemical-grade lithium concentrate. The Company's operations are vertically integrated. It operates at the forefront in the EV battery materials supply chain at its Grota do Cirilo Operation in Brazil. The Company produces Quintuple Zero Green Lithium at its Greentech lithium beneficiation plant that delivers net zero carbon lithium, produced with zero dirty power, zero potable water, zero toxic chemicals and zero tailings' dams. The Company owns 100% of the operating assets indirectly through its subsidiary Sigma Mineracao S.A. (Sigma Brazil), with the leasehold area comprised of approximately 29 mineral rights spread over 185 square kilometers (km2), located within the broader 19,000-hectare land package held by Sigma Brazil (containing the Grota do Cirilo, Sao Jose, Genipapo and Santa Clara properties).

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Sigma Lithium Corp

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Post by Betteryear2on Dec 10, 2021 4:11pm

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Post# 34220238

C$60 MILLION PRIVATE PLACEMENT OF COMMON SHARES AT C$11.75

VANCOUVER, BC, Dec. 10, 2021 /CNW/ -- Sigma Lithium Corporation (NASDAQ: SGML,TSXV: SGML) ("Sigma" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement of approximately 5,106,383 common shares of the Company ("Common Shares") to be issued at a price of C$11.75 per Common Share for expected aggregate gross proceeds of approximately C$60,000,000 (or approximately US$47,244,094) (the "Offering"). Leading global investors ("LPs") focused on ESG & sustainability, are expected to comprise the majority of the investors in the Offering. The closing of the Offering is subject to customary conditions, including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the "TSXV").