SÃO PAULO, March 13, 2025 /PRNewswire/ — Sigma Lithium Company (TSXV/NASDAQ: SGML, BVMF: S2GM34) (“Sigma Lithium” or the “Company“), a eminent international lithium manufacturer devoted to powering the upcoming hour of electrical cars with socially and environmentally sustainable lithium listen declares the appointment of Junaid Jafar, as a brandnew sovereign member of the Board of Administrators, efficient lately. He has the eminent function of Important Funding Officer at Al Muhaidib Funding Place of job, which is the population workplace of Al Muhaidib Crew, one of the crucial greatest non-public conglomerates within the Heart East (the “Conglomerate”) headquartered in Dammam, Saudi Arabia.
The holdings of the Conglomerate come with direct and oblique investments (thorugh Optical Make investments) in firms comparable to ACWA Energy (KSA’s greatest non-public sector energy & aqua entity, in partnership with PIF), Saudi Tabreed, Information Volt, Miahona, Riyadh Cables, Savola Crew and Masdar.
Mr. Jafar oversees capital allocation throughout non-public and folk markets and manages a portfolio of eminent international non-public fairness, non-public credit score, infrastructure and project capital managers. He lately serves at the Board of Administrators of Seedra Ventures, one of the crucial eminent project finances in KSA desirous about fintech. His intensive board revel in in each massive business firms, in addition to project capital, shall deliver reliable views and strategic insights, which is able to considerably give a contribution to our Board’s effectiveness within the execution of expansion technique to provide into the continual building up of lithium call for.
Mr. Jafar’s skilled experience spans direct investments throughout non-public fairness, non-public credit score globally and right through the Heart East. With just about 30 years in funding control, he has in the past labored at J.P. Morgan, Fitch Scores and Janus Henderson in London, in addition to at Rising Markets Partnership and Tadhamon Capital in Bahrain. He’s a Fellow of the Institute of Chartered Accountants England & Wales (ICAEW) and holds a bachelor’s level in economics and political science from Middlebury School in Vermont, USA.
“We are honored and enthusiastic to welcome Mr. Jafar as an independent director to our Board,” stated Ana Cabral, CEO and Co-Chairperson of Sigma Lithium. “He is a prominent Middle Eastern business leader who will bring to our Board a wealth of capital allocation experience in base industries, creating the perfect mix of expertise to steward the Company. We are undergoing a transformational period as we leap forward to become one of the major integrated industrial-mineral lithium oxide global companies, simultaneously building our secong Greentech Industrial Plant to double production capacity by the fourth quarter of 2025, while entering the planning stages of the construction for our third Greentech industrial production line, in back-to-back sequence.”
Marcelo Paiva, Co-Chairperson of Sigma Lithium, added, “We believe that Mr. Jafar’s experiences will be instrumental in supporting the Company as we execute multiple strategic initiatives, including expanding our global commercial presence and fostering partnerships and alliances to create continued value for our shareholders. His skills are highly complementary to our Board’s, bringing a geographically diverse strategic perspective from the Middle East—the epicenter of the global energy industry, coupled with key board roles at some of the leading companies involved in executing Saudi Arabia’s Vision 2030 Plan, with the focus on energy transition and sustainable development as strategic priorities. We look forward to the significant contribution he will bring to our Board.”
Mr. Jafar joins the board in park of Mr. Bechara Azar, who’s stepping unwell for private causes. “On behalf of the Board, I would like to thank Mr. Azar for his significant contribution and unwavering commitment to his role on the Board of Sigma during the last 20 months, a period during which Sigma has been completely transformed from a junior miner in early stages of commissioning to one of the largest industrial lithium producers globally. We are extremely grateful for his dedication to the role and service to the board“, stated Ana Cabral, CEO and Co-Chairperson of Sigma Lithium.
RELEASE OF FULL YEAR 2024 AUDITED FINANCIAL RESULTS
Sigma Lithium declares that it’ll leave its audited monetary effects for the whole pace ended December 31, 2024 earlier than the marketplace opens on Monday, March 31, 2025.
The Corporate will host a convention name to talk about those effects on Monday, March 31, 2025, at 8:00 AM ET.
Sigma Lithium’s income press leave, investor presentation, annual filings and hyperlinks to the convention shouts shall be to be had at the Corporate’s Investor Members of the family website online, ir.sigmalithiumresources.com. A webcast replay can also be to be had following the belief of the development.
ABOUT SIGMA LITHIUM
Sigma Lithium (TSXV/NASDAQ: SGML, BVMF: S2GM34) is a eminent international lithium manufacturer devoted to powering the upcoming hour of electrical automobile batteries with carbon impartial, socially and environmentally sustainable chemical-grade lithium listen.
Sigma Lithium operates the arena’s 5th greatest industrial-mineral complexes for lithium oxide fabrics and one of the crucial global’s greatest lithium manufacturers. 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 place Sigma produces Quintuple 0 Inexperienced Lithium: internet 0 carbon lithium, produced with 0 grimy energy, 0 potable aqua, 0 poisonous chemical substances and 0 tailings’ dams.
The Corporate produces 270,000t of lithium oxide listen (roughly 38,000t to 40,000t of LCE) every year at its state of the art Greentech Commercial Lithium plant. The Corporate is lately development a 2d Greentech Commercial Plant this is anticipated to double capability to 520,000 tonnes of lithium oxide (identical to roughly 77,000t to 80,000t of LCE).
For more info about Sigma Lithium, consult with our website.
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SOURCE Sigma Lithium Company
