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       Sigma Lithium hikes resources, life of Brazil mine
        
 (HTM) Source
        
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       The resource increase, Sima Lithium said, which will allow it to
       extend the complex productive life to an estimated 25 years at two
       phases of processing capacity at 520,000 tonnes/year.
        
       Reinaldo Brandão, co-general manager and head of mining operations,
       said the mineral reserve update comes as a result of months of
       detailed specialized geo statistical technical modelling work to
       process and optimize mine plans.
        
       Sigma's mine began production in April 2023, generating over 105,000
       tonnes of lithium concentrate in its first calendar year of
       operations. For first quarter 2024 alone, it produced 52,800 tonnes.
        
       The Canada-based miner began a strategic review of its business last
       year, which has extended into 2024. In April, it announced it would
       add a second production line at its Greentech industrial plant in
       Brazil, aiming to nearly double its lithium output.
        
       The new plant will increase Grota do Cirilo's lithium production to
       520,000 tonnes per year by 2025, from the current output of 270,000
       tonnes.
        
       Brazil, which heavily depends on biofuels and potash exports, ships
       most of the lithium it produces.
        
        
        
        
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