SIGMA LITHIUM APPOINTS DISTINGUISHED BUSINESS LEADER AS AN ADDITIONAL INDEPENDENT DIRECTOR AT ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

HIGHLIGHTS

• Sigma Lithium is commemorated to welcome Eugenio de Zagottis as its 3rd detached director, elected on the AGSM with an vast majority of 99%.
  • Mr. Zagottis is a famend businessman in Brazil who used to be instrumental in construction Raia Drogasil healthcare from a tiny non-public corporate in 2008 into the biggest Latin American drug store and one of the crucial 15 greatest on the earth.
• The AGSM Elected the administrators of the Corporate for the following moment, to book place of business till the nearest annual assembly of shareholders. The wave board composition diversifies the skillset of its contributors, supporting the Corporate as we double our industry, as follows:
  • Alex Rodrigues (Environmental and Social), Ana Cabral (Operations and Technique), Bechara Azar (Finance), Eugenio de Zagottis (Operations), Marcelo Paiva (Personal fairness)
• Mr. Zagottis appointment is in keeping with the Corporate’s goals to stick to very best practices in governance, keeping up an detached majority within the Board of Administrators, moment too much at the leading edge of range and inclusion:
  • Board is co-chaired by means of a lady.
  • 40% of board contributors are from underrepresented teams. 
• Shareholders handed resolutions authorizing:
  • The appointment of Serve Thornton because the Corporate’s auditor.
  • The Corporate to proceed its company constitution into the Province of Ontario.

SÃO PAULO, July 12, 2024 /PRNewswire/ — Sigma Lithium Company (“Sigma Lithium” or the “Company”) (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML), a important international lithium manufacturer devoted to powering the nearest date of electrical automobiles with carbon impartial, socially and environmentally sustainable lithium listen, pronounces the vote casting result of its annual basic and particular assembly of the shareholders of the Corporate (“AGSM“) hung on Tuesday, July 9, 2024 (the “Meeting“).

The AGSM Elected the administrators of the Corporate for the following moment, to book place of business till the nearest annual assembly of shareholders. The wave board composition additional diversifies the skillset of board contributors that may aid the Corporate on this remarkable juncture in our expansion trajectory, as we double our industry to develop into the Corporate into an international main, as follows:

• Alex Rodrigues (Environmental and Social), Ana Cabral (Operations and Technique), Bechara Azar (Finance), Eugenio de Zagottis (Operations), Marcelo Paiva (Personal fairness)

As well as, shareholders handed resolutions appointing Serve Thornton because the Corporate’s auditor, approving the adoption of amendments to the Corporate’s basic by-law, and authorizing the Corporate to proceed its company constitution into the Province of Ontario.

Transitioning off the Board are Lucas Mello and Cesar Chicayban. Mr. Mello has taken on a pristine full-time position because the guide to the Magalhaes Pinto society within the sale of Banco Nacional to BTG. In a similar fashion, Mr. Chicayban used to be not too long ago appointed to the celebrated position of CEO of XP’s Personal Banking unit.

Ana Cabral, Co-Chair and CEO of Sigma Lithium states, “We were honored to have been able to count on the indefatigable dedication of Cesar and Lucas during their tenure at our Board of Directors. They had instrumental roles in helping steer and prepare the Company to withstand the downcycle of lithium prices, helping us to emerge a significantly stronger and resilient player, becoming the formidable global leader we are today in the lithium market: the world’s 4^th industrial mineral lithium complex with global competitive scale, a disciplined low-cost producer.”

“We are also delighted to have Eugenio join the Sigma Lithium team at this important juncture in our growth trajectory. Mrs. Zagottis brings over 20 years of experience in operations, internal controls, and corporate planning. Eugenio brings a wealth of invaluable expertise to the Sigma Lithium team, including his longstanding leadership as an entrepreneur and from serving on the board of directors of US$9 billion drug healthcare leader RaiaDrogasil. We look forward to welcoming Eugenio de Zagottis to the Board and seek to leverage his extensive corporate operational experience. With this appointment, not only are we continuing to strengthen the team with another experienced and qualified director, but we are also keeping with our commitment to the United Nations Sustainable Development Goals by having a Board of Directors that is comprised of 33% underrepresented minority groups.” says Co-CEO and Co-Chairperson Ana Cabral Gardner.

The entire nominees indexed within the control knowledge round ready in reference to the Assembly had been elected as administrators as put forth beneath then shareholders fastened the collection of administrators of the Corporate for the making sure moment at 5:

Biography of Eugenio de Zagottis: 

Mr. Zagottis is a member of the board of administrators and of the keep an eye on crew of RD Saúde, that keep an eye on’s among alternative healthcare corporations Brazil´s important drugstore chain RaiaDrogasil S/A, with 60,000 workers, 3,000 retail outlets and US$7 billion in revenues (Dec 2023). The corporate has been indexed at the B3, São Paulo Conserve Alternate for 15 years. At RD Saúde, Mr. Zagottis leads the finance committee, is a member of the method committee and represents the corporate on the forums of 2 investees and likewise of ABRAFARMA, the Brazilian Chain Drugstores Affiliation, having been its chairman from 2018-2021.

Mr. de Zagottis has labored as a C-level govt at RD Saúde from 2000 to 2024, having been accountable for investor family members, company making plans and industry construction, together with Univers, its proprietary PBM, RD Manufacturers, its non-public label industry, and RD Ventures, RD Saúde´s company project capital platform, with investments in additional than 10 start-ups. In the past, Mr. de Zagottis labored as a specialist for each McKinsey (1998-2000) and Arthur Andersen (1992-1996). He holds an MBA from the College of Michigan and a BBA from Fundação Getúlio Vargas in São Paulo, Brazil.

ABOUT SIGMA LITHIUM

Sigma Lithium (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34) is a important international lithium manufacturer devoted to powering the nearest date of electrical car batteries with carbon impartial, socially and environmentally sustainable chemical-grade lithium listen.

Sigma Lithium is likely one of the international’s greatest lithium manufacturers with an annual manufacturing capability of 270,000 tonnes of chemical grade lithium listen (36,700 LCE once a year). The Corporate operates at the leading edge of environmental and social sustainability within the EV battery fabrics provide chain at its Grota do Cirilo Operation in Brazil. The Corporate produces Quintuple 0 Inexperienced Lithium at its state of the art Greentech lithium plant that delivers 0 carbon lithium, produced with 0 grimy energy, 0 potable H2O, 0 poisonous chemical substances and nil tailings’ dams.

Segment 1 of the undertaking entered business manufacturing in 2Q23 and has an annual capability of 270,000 tonnes of listen (36,700 LCE once a year).The Corporate has issued a Ultimate Funding Determination officially approving building to almost double capability to 520,000 tonnes of listen in the course of the addition of a Segment 2 growth of its Greentech Plant.

Please please see the Corporate’s Nationwide Device 43-101 technical document titled “Grota do Cirilo Lithium Project Araçuaí and Itinga Regions, Minas Gerais, Brazil, Amended and Restated Technical Report” issued March 19, 2024, which used to be ready for Sigma Lithium by means of Homero Delboni Jr., MAusIMM, Promon Engenharia; Marc-Antoine Laporte, P.Geo, SGS Canada Inc; Jarrett Quinn, P.Eng., Primero Crew Americas; Porfirio Cabaleiro Rodriguez, (MEng), FAIG, GE21 Consultoria Mineral; and William van Breugel, P.Eng (the “Updated Technical Report”). The Up to date Technical Document is filed on SEDAR and may be to be had at the Corporate’s site.

For more info about Sigma Lithium, seek advice from https://www.sigmalithiumresources.com/.

Sigma Lithium

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FORWARD-LOOKING STATEMENTS

This information let fall comprises sure “forward-looking information” beneath appropriate Canadian and U.S. securities law, together with however now not restricted to statements in terms of timing and prices similar to the overall industry and operational outlook of the Corporate, the environmental footprint of tailings and certain ecosystem affect pertaining to thereto, donation and upcycling of tailings, timing and amounts in terms of tailings and Inexperienced Lithium, achievements and projections in terms of the 0 Tailings technique, success of ramp-up volumes, manufacturing estimates and the operational situation of the Groto do Cirilo Mission, and alternative forward-looking knowledge. All statements that deal with presen plans, actions, occasions, estimates, expectancies or trends that the Corporate believes, expects or anticipates will or might happen is forward-looking knowledge, together with statements in regards to the possible construction of mineral sources and mineral reserves which might or would possibly not happen. Ahead-looking knowledge contained herein is in response to sure suppositions relating to, amongst alternative issues: basic financial and political statuses; the strong and supportive legislative, regulatory and people state in Brazil; call for for lithium, together with that such call for is supported by means of expansion within the electrical car marketplace; the Corporate’s marketplace place and presen monetary and running efficiency; the Corporate’s estimates of mineral sources and mineral reserves, together with whether or not mineral sources will ever be advanced into mineral reserves; and the Corporate’s skill to function its mineral initiatives together with that the Corporate is not going to enjoy any fabrics or apparatus shortages, any labour or carrier supplier outages or delays or any technical problems. Even supposing control believes that the suppositions and expectancies mirrored within the forward-looking knowledge are affordable, there may also be refuse oath that those suppositions and expectancies will turn out to be right kind. Ahead-looking knowledge inherently comes to and is matter to dangers and uncertainties, together with however now not restricted to that the marketplace costs for lithium would possibly not stay at wave ranges; and the marketplace for electrical automobiles and alternative massive layout batteries recently has restricted marketplace proportion and refuse promises may also be given for the speed at which this marketplace will build, if in any respect, which might impact the good fortune of the Corporate and its skill to build lithium operations. There may also be refuse oath that such statements will turn out to be correct, as original effects and presen occasions may just vary materially from the ones expected in such statements. Accordingly, readers must now not playground undue reliance on forward-looking knowledge. The Corporate disclaims any purpose or legal responsibility to replace or revise any forward-looking knowledge, whether or not as a result of pristine knowledge, presen occasions or differently, apart from as required by means of legislation. For more info at the dangers, uncertainties and suppositions that might reason our original effects to vary from wave expectancies, please please see the wave annual knowledge mode of the Corporate and alternative people filings to be had beneath the Corporate’s profile at www.sedar.com.

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SOURCE Sigma Lithium Company