Sigma Lithium Secures US$100 Million Guarantee to Double Lithium Output to 520,000 t
Sigma Lithium secured a US$100 million bank guarantee collateralized by client guarantees, letters of credit and export receivables to support Greentech Plant 2 construction. This facility unlocks development bank financing and boosts capacity from 270,000 to 520,000 tonnes of lithium oxide concentrate for its 2026 expansion.
1. Bank Guarantee Details
Sigma Lithium signed a US$100 million collateralized bank guarantee with a major Brazilian bank that is backed by client guarantees, letters of credit and export receivables. This agreement lays the groundwork for Plant 2 funding under the preliminary letter of intent terms.
2. Expansion Financing and Capacity
The guarantee unlocks development bank financing for the construction and installation of Greentech Industrial Plant 2, which will replicate the sustainable technologies used in Plant 1 and increase annual lithium oxide concentrate output from 270,000 to 520,000 tonnes.
3. Regional Impact and Sustainability
The Phase 2 expansion will further drive economic growth in the Jequitinhonha Valley, where Sigma Lithium already supports over 13,000 jobs and advances social inclusion for 21,000 residents through its Greentech operations and community programs.