A lithium producer, with one of the highest-grade lithium deposits in the world, looks set to list on the Toronto stock exchange.
Sigma Lithium Resources, through its flagship hard-rock lithium project in Brazil, has told Reuters that it will list on the Toronto Stock Exchange next week as the demand for lithium in rechargeable batteries looks set to surge.
The company will list on the TSX with a market value of around C$130 million.
Sigma is focused on 10 high-grade hard-rock lithium pegmatites, nine of which were past-producing lithium mines and is currently developing its first industrial-scale lithium mine at the historical Xuxa mine.
Where Sigma separate’s itself from other companies is its commitment to clean energy and sustainability. As the demand for lithium continues to increase, with its use in lithium batteries used in the development of electric vehicles, Sigma will strive to become a “key building block” in the manufacture of lithium batteries in Brazil.
The company will look to help cement Brazil as a major producer of lithium as well as redefining the country’s approach to pollution and sustainability.