#Brazil #Sigma Lithium #Barreiro Mine #Minas Gerais

Sigma Lithium Secures Key Environmental License

Overview of the Recent Achievement
On December 20, 2024, Sigma Lithium Corporation announced a significant milestone in its operations: the unanimous approval of a Triple Environmental License for its Barreiro mine. This approval, granted by the Chamber of Mining Activities in Minas Gerais, Brazil, allows for continuous industrial and mining operations over a 16-year development financing term. With this license in hand, Sigma Lithium is well-positioned to maintain a steady supply of spodumene ore, an essential feedstock for its Greentech Industrial Complex.

Details of the Environmental License
The Triple Environmental License encompasses three critical permits: the Operating License (Licença Operacional), Preliminary License (Licença Prévia), and Installation License (Licença de Instalação). This comprehensive approval process ensures that the company meets environmental and community standards before proceeding with mining activities. The unanimous vote included support from NGO members, highlighting Sigma’s commitment to engaging stakeholders in its operations.

Proactive Environmental Assessment and Community Engagement
Sigma Lithium has taken significant steps to ensure its operations are environmentally sustainable. The company started environmental assessment studies in January 2021 and submitted its environmental license application in July 2022. Understanding the impact of mining on local communities, Sigma initiated various social capital expenditures in 2023, including funding the construction of a school and childcare facility in partnership with local municipalities. This proactive approach not only prepares the company for future growth but also fosters good relations within the surrounding communities.

Statements from Company Leadership
Ana Cabral, CEO of Sigma Lithium, expressed her satisfaction with the approval, stating, “We are very pleased to have received the construction, installation, and operation triple environmental permit required for our Barreiro mine… This license provides us with the regulatory framework necessary for our future operations at Barreiro, ensuring a consistent and reliable supply of lithium feedstock for years to come.” Her comments underscore the alignment of Sigma’s growth strategy with sustainable practices and responsible corporate citizenship.

Impact on the Electric Vehicle Industry
As one of the world’s leading lithium producers, Sigma Lithium plays a vital role in supporting the growing electric vehicle market. By focusing on carbon-neutral and environmentally sustainable lithium production, Sigma is contributing not only to the supply chain of electric vehicle batteries but also to the broader goals of reducing the environmental impact of mining operations. The Barreiro mine is set to become an integral part of this supply chain, meeting the increasing demand for lithium as the world shifts toward renewable energy sources.

Future Plans and Expansion
Currently, there are no immediate plans for mining at the Barreiro site; however, the company is preparing for future operational needs. The approval of the Triple Environmental License lays the groundwork for upcoming expansions and ensures that Sigma’s initiatives align with both environmental sustainability and community welfare. Sigma Lithium continues to explore ways to enhance its operations while maintaining a strong commitment to the environment and local communities.

Conclusion
The achievement of the Triple Environmental License is not just a regulatory win for Sigma Lithium; it represents a transformative step toward sustainable mining practices. As the demand for lithium increases with the rise of electric vehicles and renewable energy, Sigma is firmly positioned to meet these needs while ensuring responsible and environmentally friendly operations. This strategic foresight will undoubtedly enhance the company’s growth potential in the years to come.