Brief: Sigma Lithium Announces Final Investment Decision And Initiation Of Construction To Double Production Capacity

Sigma Lithium

01/04/2024 14:19

April 1 (Reuters) - Sigma Lithium Corp  SGML.V :
    * SIGMA LITHIUM ANNOUNCES FINAL INVESTMENT DECISION AND
INITIATION
OF CONSTRUCTION TO DOUBLE PRODUCTION CAPACITY TO 520,000T/Y
    * SIGMA LITHIUM CORP: BOARD APPROVED INITIATION OF
CONSTRUCTION OF
A SECOND LINE OF ITS GREENTECH INDUSTRIAL PLANT
    * SIGMA LITHIUM: TO COMMISSION PHASE 2 INDUSTRIAL PLANT BY
YEAR-END 2024 AND FIRST PRODUCTION IS EXPECTED IN Q1 OF 2025
    * SIGMA LITHIUM CORP: CAPEX FOR PHASE 2 INDUSTRIAL GREENTECH
PLANT
IS TARGETED TO BE $100 MILLION
    * SIGMA LITHIUM CORP: Q4 PRO FORMA REVENUE $67.5 MILLION
    * SIGMA LITHIUM CORP: Q4 NET LOSS $9.5 MILLION

Source text for Eikon:  ID:nCNWvzHT2a 
Further company coverage:  SGML.V 

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