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Sigma Lithium signed a US$100 million collateralized bank guarantee with a major Brazilian bank to support construction of its second Greentech Industrial Plant, doubling production capacity to 520,000 tonnes annually.
Key Takeaways
1Signed US$100 million bank guarantee fully collateralized by clients via corporate guarantees, letters of credit, and export receivables.
2Enables access to development bank financing for Phase 2 expansion.
3Increases nameplate production capacity from 270,000t to 520,000t of lithium oxide concentrate per year.
4Supports construction of Greentech Industrial Plant 2 replicating Plant 1's sustainable technologies.
5Key milestone for executing 2026 growth plans.
6Subject to definitive agreements consistent with letter of intention.