Sigma Lithium Secures $146M Prepayments; PMET Files ESIA; Full Circle Lithium Deploys FCL-X
Sigma Lithium secured $146 million in prepayments, enabling debt repayment and targeting 770,000 tpa production by 2028 with just $180 million in capex. PMET Resources filed its ESIA for the Shaakichiuwaanaan CV5 project and Full Circle Lithium launched its FCL-X fire suppression system in a major U.S. school district.
1. Sigma Lithium Cash Flow and Expansion
Sigma Lithium has secured $146 million in prepayments tied to offtake agreements, strengthening its balance sheet and enabling early debt repayment. The company plans to use $180 million in additional capex to triple annual production to 770,000 tonnes per annum by 2028, with further prepayments expected from new contracts.
2. PMET Resources Permitting Milestone
PMET Resources submitted its Environmental and Social Impact Assessment for the Shaakichiuwaanaan CV5 Lithium Project to federal and provincial authorities, marking the most significant milestone in the permitting process to date. Approval of this assessment will clear a key regulatory hurdle toward project development.
3. Full Circle Lithium School Deployment
Full Circle Lithium Corp. executed its first U.S. educational deployment of the FCL-X lithium-ion battery fire suppression system in a large southeastern school district. The rollout addresses growing fire safety concerns in schools and supports ongoing discussions with additional districts and campuses.