VANCOUVER, British Columbia, Sept. 25, 2020 (GLOBE NEWSWIRE) -- SIGMA Lithium Resources Corporation ("Sigma" or the "Company") (TSX-V: SGMA) (OTC- QB: SGMLF) would like to announce a management appointment, technical committee appointments and an update on its Board of Directors (the "Board"), in preparation for the upcoming construction of the first phase of its Grota do Cirilo project (the "Project") and the commencement of the environmental licensing process for the second phase of the Project.
MANAGEMENT: APPOINTMENT OF CHIEF SUSTAINABILITY OFFICER
Sigma has appointed Maria Jose Salum to the senior executive role of Chief Sustainability Officer. In that capacity, Maria will oversee Sigma's entire breadth of ESG-centric activities, including not only environmental strategy, regulatory and licensing for the Project, but also community relations and impact investing in the Vale do Jequitinhonha region, as part of the Company's comprehensive social responsibility program.
"As Sigma moves forward and initiates the environmental licensing process and impact studies for its second phase of production, Maria will have a key role in leading all of these workstreams. Maria as Chief Sustainability Officer was the first of a series of new executive appointments that we plan to make entering into construction phase. Her seniority and experience underscore our commitment to executing an ESG-centric production strategy for Sigma," said Calvyn Gardner, Sigma's CEO and Co-Chairman.
BOARD & TECHNICAL COMMITTEE UPDATES
Sigma has appointed Wes Roberts and Vicente Lobo as the new Co-Chairs of the Company's Technical Committee. They will act as senior advisors to the Board and, in that capacity, will advise and support Calvyn Gardner.
"We are honoured and enthusiastic to welcome two highly technically experienced and accomplished professionals in the Canadian and Brazilian mining industries. Vicente and Wes bring the perfect mix of expertise to Sigma at a critical juncture, when the Company is transitioning from developer to emerging lithium producer on a large scale, planning the construction in back-to-back sequence of the first and second production phases of its Project. As Sigma is currently undergoing detailed engineering and pre-construction activities in preparation to initiate the construction of the first phase of the Project, we believe that Wes and Vicente will be valuable technical resources to support the Company in executing these multiple initiatives," said Calvyn Gardner.
"Both Vicente and Wes have significant alignment of purpose with Sigma's ESG operations, focused on social and community engagement. Wes represents several First Nation communities in Canada, providing them with technical context and advice in the negotiation of their impact benefit agreements with mining companies. Vicente is an advisor to the environmental department of Fundação Gorceix in Brazil, a not for profit that supports training in the mining sector".
Sigma would like to announce certain changes to its Board. Maryse Belanger has resigned as Non-Executive Director and Vice Chairman of the Board to focus on her newly appointed executive position of CEO of the U.S. based exploration and development company Bullfrog Gold Corporation, a portfolio company of Barrick Gold Corporation. Following her departure, Ana Cabral Gardner was appointed as Co-Chairman of the Board, joining Calvyn Gardner, who has become Co-Chairman of the Board.
"On behalf of the Board and the entire team at Sigma, I would like to thank Maryse for her significant contribution and commitment to her role in the Board of Sigma during the last two years, a period during which Sigma has been completely transformed from a mineral development company to an effectively fully funded pre-production emerging global lithium leader. During her tenure, Sigma concluded a feasibility study, and negotiated an EPC FEED agreement," said Calvyn Gardner.
"Moreover, Maryse's stewardship while leading the Board's Management Committee during the pandemic of spring & summer of 2020 was pivotal in enabling the various executive teams working remotely and the personnel located at the mining site to collaborate on a fully integrated manner to deliver the execution of a detailed engineering planning program on a very tight timetable. As a mining venture capital investor, I have personally learned a great deal from Maryse and I am honoured to have served by her side on the Board of Sigma during these two years," added Ana Cabral-Gardner, Chief Strategy Officer and Co-Chairman of the Board.
ABOUT SIGMA LITHIUM
Sigma is a Canadian company and has been producing environmentally sustainable battery-grade lithium concentrate on a pilot scale since 2018 and shipping high-quality above 6% Li2O coarse lithium concentrate samples to potential customers in Asia. Based on the technical report titled "Grota do Cirilo Lithium Project, Araçuaí and Itinga Regions, Minas Gerais, Brazil, National Instrument 43-101 Technical Report on Feasibility Study Final Report", dated October 18 2019 and with an effective date of September 16th, 2019, a larger-scale lithium concentration commercial production plant will contemplate a capacity of 220,000 tonnes annually of battery-grade low-cost lithium concentrate and Sigma will be amongst the lowest-cost producers of lithium concentrate globally.
To secure a leading position supplying the clean mobility and green energy storage value chain, Sigma has adhered to the highest standards of environmental practices in line with its core values and mission since starting activities in 2012. Sigma's production process is powered by hydroelectricity and the Company utilizes state-of-the-art dry-stacking tailings management and water-recycling techniques in its beneficiation process. Its corporate mission is to execute its strategy while embracing strict ESG principles. Sigma's shareholders include some of the largest ESG-focused institutional investors in the world.
FOR ADDITIONAL INFORMATION PLEASE CONTACT
Sigma Lithium Resources Corporation
Director of Investor Relations
(London) +44 7866 458 093
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation including statements relating to the ultimate duration, impact and severity of the COVID-19 pandemic (including its impact on financial markets and national and multinational economies generally, and its impact on the growth of the electric vehicle market and other impacts on the demand for lithium products) and other forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events, or developments that the Company believes, expects or anticipates will or may occur are forward-looking information, including statements regarding the potential development of resources and drilling plans which may or may not occur. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the ability to complete the Annual Filings and Interim Filings; the market price of the Company's securities, metal prices, exchange rates, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes, litigation risks, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, claims and limitations on insurance coverage and other risks of the mining industry, changes in national and local government regulation of mining operations, and regulations and other matters including the COVID-19 pandemic. There can be no assurance that such statements will 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 statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to our public filings available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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