6-K

Sigma Lithium Corp (SGML)

6-K 2024-10-25 For: 2024-10-23
View Original
Added on April 08, 2026

UNITEDSTATES****SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TORULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2024

Commission File Number: 001-40786

SigmaLithium Corporation

(Translation of registrant's name into English)

2200 HSBC Building

885 West Georgia Street

Vancouver, British Columbia

V6C3E8

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ¨     Form 40-F x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):¨

**Note:**Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):¨

**Note:**Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

EXHIBIT INDEX

Exhibit Description
99.1 Press release dated October 23, 2024

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Sigma Lithium Corporation
(Registrant)
Date: October 23, 2024
Ana Cristina Cabral Gardner
Chief Executive Officer

Exhibit 99.1

SIGMA LITHIUM SHIPPING 22,000tTO ABU DHABI’s IRH IN COMMERCIAL ALLIANCE FOR SUSTAINABLY AND ETHICALLY PRODUCED LITHIUM MATERIALS; SURPASSES 3Q 2024 PRODUCTIONTARGET OF 60,000t

HIGHLIGHTS

· The Company announces that it is shipping22,000 tonnes of Quintuple Zero Green Lithium to International Resources Holding (IRH), the official trading company established by theAbu Dhabi Emirate.
o This represents Sigma’s first transaction with IRH, broadening its commercial strategy of encompassingpartners with strong balance sheets.
--- ---
o Provisional price for this shipment is set at 8.25% of the price of battery grade lithium carbonatequoted at GFEX at shipment date.
--- ---
· This shipment demonstrates a shared commitmentof Sigma Lithium and IRH to create a low cost, resilient global supply chain built upon the foundation of delivering lithium materialsthat enable traceability and ethical sourcing of lithium chemicals.
--- ---
· Sigma Lithium continues to deliver operationalexcellence with 60,237t of Quintuple Zero Green Lithium produced in 3Q, representing an increase of 22% from 2Q and surpassing our 60,000tguidance.
--- ---
o Greentech Plant production reached daily records of >860t for extended periods during 3Q
--- ---
o The increased production levels demonstrate the perfect suitability of dense medium separation technologyfor the lithium industrial processing and beneficiation at Sigma’s Grota do Cirilo operations.
--- ---
· Combined, the improved production and consistentshipment patterns drive Sigma’s flexibility in establishing new commercial alliances, enabling the execution of the Company’sstrategy to diversify sales across different geographies and clients.
--- ---
o The Company’s commercial success is furthered by the superior metallurgical properties and associatedvalue-in-use of its Quintuple Zero Green Lithium, which enables cost savings for refineries.
--- ---
· Sigma Lithium’s commercial strategyis to create alliances, encompassing multi-industry platforms, to build a global, geoeconomically neutral, supply chain of lithium materialsthat are ethically produced, low carbon, environmentally and socially sustainable: in line with the ethos of environmentally and sociallyconscious consumers of electric vehicles.
--- ---

São Paulo,Brazil – (October 23, 2024) – Sigma Lithium Corporation (“Sigma Lithium” or the “Company”) (NASDAQ:SGML, BVMF: S2GM34, TSXV: SGML), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, announces the shipment of 22,000t of Quintuple Zero Green Lithium to Abu Dhabi’s IRH, maintaining its consistent operational cadence with near-monthly shipments. This represents Sigma’s first transaction with IRH, broadening its commercial strategy with partners with strong balance sheets. This shipment demonstrates a shared commitment of Sigma Lithium and IRH to create a low cost, resilient global supply chain of lithium materials built upon a foundation of traceability and ethical sourcing of lithium chemicals.On September 30, 2024, Sigma concluded an export sale at its Victoria Port warehouse for 9,000t of Quintuple Zero Green Lithium concentrate with the additional 13,000t balance of the total 22,000t shipment to IRH booked in the fourth quarter.

1

The value of the Quintuple Zero Green Lithium for this 13^th^ shipment is initially set at a provisional floating price equivalent to 8.25% of battery grade lithium carbonate quoted at the Guangzhou Futures Exchange (GFEX).

The achievement of a near-monthly shipment cadence increases the commercial flexibility of the Company, allowing it to further its diversification strategy, and help global battery supply chains decarbonize.

All in, production of Quintuple Zero Green Lithium concentrate for the third quarter totaled 60,237t, surpassing the Company’s 60,000t target. This includes numerous daily production records and periods of sustained operations above 860t per day. The performance represents a 22% increase from 2Q24 levels and demonstrates the Company’s ability to achieve sustained production levels at annualized design capacity of 270,000t of lithium concentrate.

CEO and Co-Chairperson Ana Cabral notes: “Weare delighted to begin a commercial alliance with Abu Dhabi’s IRH, marking our collaboration to build a supply chain of lithiummaterials that are ethically produced, low carbon, environmentally and socially sustainable. This alliance will offer a resilient supplyof lithium materials that are an alternative to the prevailing opaque sourcing of lithium chemicals, which determine lithium pricing inthe industry irrespectively of traceability.

IRH is a leading participant in metals trading,backed by Abu Dhabi’s strong balance sheet. The relationship with IRH is evidence of a growing focus on battery metals by Abu Dhabimore broadly. As we continue to broaden our commercial alliances, Sigma Lithium is creating a more resilient commercial operation focusedon offering metallurgically unique and ethically sourced lithium materials: which should deliver superior price realizations over time.”

“We are also very pleased with our increasedoperational performance, which delivered on production targets for the third quarter and continues the same stride into the fourth quarter.We remain on track to deliver on our brownfield investments, while executing the strategic initiatives laid out at our recent investorday,” she concluded.

Qualified Persons Disclaim

Other disclosures in this news release of a scientific or technical nature at the Grota do Cirilo Project have been reviewed and approved by Iran Zan AusimM (Membership number FAusIMM (329132)), who is considered, by virtue of his education, experience and professional association, a Qualified Person under the terms of NI 43-101. Mr. Zan is not considered independent under NI 43-101 as he is Sigma Lithium co-Head of Geology and co-General Manager of Sigma Lithium. Mr. Zan has verified the technical data disclosed in this news release not related to the current Mineral Resource estimate disclosed herein.

ABOUT SIGMA LITHIUM

Sigma Lithium (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34) is a leading global lithium producer dedicated to powering the next generation of electric vehicle batteries with carbon neutral, socially and environmentally sustainable chemical-grade lithium concentrate.

Sigma Lithium is one of the world’s largest lithium producers with an annual production capacity of 270,000 tonnes of chemical grade lithium concentrate (36,700 LCE annually). The Company operates at the forefront of environmental and social sustainability in the EV battery materials supply chain at its Grota do Cirilo Operation in Brazil. The Company produces Quintuple Zero Green Lithium at its state-of-the-art Greentech lithium plant that delivers zero carbon lithium, produced with zero dirty power, zero potable water, zero toxic chemicals and zero tailings’ dams.

Phase 1 of the project entered commercial production in 2Q23 and has an annual capacity of 270,000 tonnes of concentrate (36,700 LCE annually).The Company has issued a Final Investment Decision formally approving construction to nearly double capacity to 520,000 tonnes of concentrate through the addition of a Phase 2 expansion of its Greentech Plant.

2

Please refer to the Company’s National Instrument 43-101 technical report titled “Grota do Cirilo Lithium Project Araçuaí and Itinga Regions, Minas Gerais, Brazil, Amended and Restated Technical Report” issued March 19, 2024, which was prepared for Sigma Lithium by Homero Delboni Jr., MAusIMM, Promon Engenharia; Marc-Antoine Laporte, P.Geo, SGS Canada Inc; Jarrett Quinn, P.Eng., Primero Group Americas; Porfirio Cabaleiro Rodriguez, (MEng), FAIG, GE21 Consultoria Mineral; and William van Breugel, P.Eng (the “Updated Technical Report”). The Updated Technical Report is filed on SEDAR and is also available on the Company’s website.

For more information about Sigma Lithium, visit https://www.sigmalithiumresources.com/

FOR ADDITIONAL INFORMATIONPLEASE CONTACT

Matthew DeYoe, EVP Corporate Affairs & Strategic Development

+1 (201) 819-0303

matthew.deyoe@sigmalithium.com.br

Daniel Abdo, Director, Investor Relations

+55 11 2985-0089

daniel.abdo@sigmalithium.com.br

Sigma Lithium

Sigma<br> Lithium
@sigmalithium
@SigmaLithium

FORWARD-LOOKING STATEMENTS

This news release includes certain "forward-lookinginformation" under applicable Canadian and U.S. securities legislation, including but not limited to statements relating to timingand costs related to the general business and operational outlook of the Company, the environmental footprint of tailings and positiveecosystem impact relating thereto, donation and upcycling of tailings, timing and quantities relating to tailings and Green Lithium, achievementsand projections relating to the Zero Tailings strategy, achievement of ramp-up volumes, production estimates and the operational statusof the Groto do Cirilo Project, and other forward-looking information. All statements that address future plans, activities, events, estimates,expectations or developments that the Company believes, expects or anticipates will or may occur is forward-looking information, includingstatements regarding the potential development of mineral resources and mineral reserves which may or may not occur. Forward-looking informationcontained herein is based on certain assumptions regarding, among other things: general economic and political conditions; the stableand supportive legislative, regulatory and community environment in Brazil; demand for lithium, including that such demand is supportedby growth in the electric vehicle market; the Company’s market position and future financial and operating performance; the Company’sestimates of mineral resources and mineral reserves, including whether mineral resources will ever be developed into mineral reserves;and the Company’s ability to operate its mineral projects including that the Company will not experience any materials or equipmentshortages, any labour or service provider outages or delays or any technical issues. Although management believes that the assumptionsand expectations reflected in the forward-looking information are reasonable, there can be no assurance that these assumptions and expectationswill prove to be correct. Forward-looking information inherently involves and is subject to risks and uncertainties, including but notlimited to that the market prices for lithium may not remain at current levels; and the market for electric vehicles and other large formatbatteries currently has limited market share and no assurances can be given for the rate at which this market will develop, if at all,which could affect the success of the Company and its ability to develop lithium operations. There can be no assurance that such statementswill prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly,readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update orrevise any forward-looking information, whether because of new information, future events or otherwise, except as required by law. Formore information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations,please refer to the current annual information form of the Company and other public filings available under the Company’s profileat www.sedar.com.

Neither the TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this news release.

3