Highlights:
- Sigma Lithium has received a binding commitment from BNDES (National Brazilian Bank for Economic and Social Development) for a BRL487 million development loan to fully fund the construction of Sigma Lithium’s Second Greentech Carbon Neutral Plant in Brazil.
- Sigma has initiated construction activities on site while conducting detailed engineering work following the Final Investment Decision made by its Board of Directors. Based on the current construction timetable, the Company plans to complete construction and commissioning in the summer of 2025.
- The Development Loan provides the Company with a 16-year repayment period at a very low interest rate, a hallmark of development debt financing. The key terms and conditions are:
- Amount: BRL 487 million
- Term: 192 months (16 years)
- Interest Rate: BRL 7.45% per year.
- Grace Period: 18 months – Amortization Period: 174 months
- Assets in Collateral: Not required. Development Loan…
