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Why Invest?

WHY INVEST?
 

We are a Canadian lithium-focused mining company committed to supporting the global energy transition by developing a high-quality commercial grade lithium operation economically and sustainably in the mining-friendly state of Minas Gerais, Brazil.

We are steadily advancing a long-life, low-cost project with near-term production of high-quality lithium concentrate to support the EV and battery supply chains.

 

Assets Located in a Mining-Friendly Jurisdiction

Our properties cover 14,182 ha in Minas Gerais, Brazil; the country's most favourable mining jurisdiction, where +300 mines currently operate. The state of Minas Gerais is known for its highly efficient and expeditious permitting process. Our projects benefit from excellent infrastructure, including nearby transmission lines (100% hydroelectric power), year-round access by highways and secondary roads, access to water, and easy access to Port Vitoria for future global distribution of lithium concentrate.  
 

Established Lithium-Producing District

Our flagship Itinga property, which hosts the Bandeira project, is located ~4 km from Sigma Lithium’s Grota do Cirilo mine and is adjacent to the Cachoeira Mine, owned by private Brazilian company Companhia Brasileira de Litio (CBL), which has been in production since 1991.

 

Large Established Lithium Resource with Excellent Scale Potential

Bandeira represents approximately 90% of our total mineral resource tonnage but only ~1% of our total property size pointing to the immense potential and scalability of our projects in this lithium-rich region. Our current total NI 43-101 mineral resource estimates at Bandeira and Outro Lado contains:

Bandeira

Outro Lado


PEA Highlights Robust Economics and Solid Foundation for Growth  

A PEA for the Bandeira MRE (M&I: 13.72Mt grading 1.40% Li2O + Inferred: 15.79Mt grading 1.34% Li2O) supported a long-life (20-year) and low-cost spodumene concentrate mining project with a post-tax NPV of US$1.6 billion (~C$2.2 billion) and an IRR of 121%

 

Growing Lithium Demand

The global transition to green energy has made lithium one of the most sought-after metals. According to Benchmark Minerals Intelligence, demand for lithium carbonate equivalent (LCE) is set to increase to 2.4Mt in 2030, compared to around 600,000t in 2022, which is expected to lead to a growing supply-demand gap. 

 

Proven Brazilian Team

Over 80 years of cumulative experience in exploration and mining in Brazil, complemented by a strong technical and capital markets team based in Toronto, Canada. 
 

Near-Term Catalysts & High Re-rate Potential

A NI 43-101 compliant Feasibility Study for Bandeira, including an updated Mineral Resource Estimate, is on track for completion in early 2024. In November 2023, we submitted our application for a Concomitant Environmental and Installation License (“LAC”, or Licença Ambiental Concomitante in Portuguese) to the State of Minas Gerais. The LAC approval is expected in mid-2024, which would result in the environmental and social license together with an authorization to begin construction.

Infrastructure and regional proof-of-concept greatly reduces project risk and provides compelling valuation goal posts (Sigma Lithium valued at ~US$3.6bn in Dec. 2023).

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