Brazil-focused Sigma Lithium to list on Nasdaq today

Sigma Lithium Resources will debut on the tech-dominated Nasdaq today, in a move that will complement the Vancouver-based company’s primary listing on the TSXV.

Sigma said that its corporate policies and board are ‘fully compliant’ with required Nasdaq and SEC governance standards, including a diversity recommendation of women and minorities comprising 40% of the company.

In addition, Sigma reiterated its target to reach net zero carbon emissions after the second year of production at its 100%-owned Grota do Cirilo Project in Brazil, which is the largest hard rock lithium deposit in the Americas, according to the firm.

The project, located in Minas Gerais, has been producing environmentally sustainable battery-grade lithium concentrate on a pilot scale since 2018, with preparatory activities for construction of the 220,000 tonnes Phase 1 project currently ramping up.

“All detailed engineering and preparation for civil construction workstreams continue to advance on schedule and on budget,” said the company last week. Sigma has appointed Brazilian engineering firm Promon Engenharia to complete detailed engineering and manage civil construction, in tandem with Australia’s Primero Engineering.

The company also said it has significantly advanced its feasibility study for the Phase 2 production, which contemplates doubling the project’s total capacity to 440,000 tonnes of lithium concentrate per year.