Sigma Sigma: company plans listed in Toronto next week

On May 2 (Reuters) - the Sigma lithium resources company listed in Toronto next week, the company executives said on Wednesday that Brazil's lithium developers at present for the iPhone and rechargeable electric cars The battery Metals demand fluctuations.

Sigma is not raised investors plan c $30 million ($23.29 million), but raised $20 million. It accused in early February the dow Jones industrial average fell more than 10% of the time in a week, its financing shortage of time.

The company is Brazil minas gerais state developing large hard lithium, three next week on the Toronto stock exchange, listed on the Toronto stock exchange small start-ups Calvyn Gardner, executive chairman of the interview.

It is waiting for the exchange of the final deal start date.

The company owns a 72% stake in A10 by Brazil, a private-equity firm, the company has about c $130 million of market value, the company due to forecast electricity demand become the growth point in the field of lithium developers expansion over the past two years, the price of the car industry has more than doubled.

Sigma is developing one of only two hard rock lithium projects in South America, the former Anglo American executives Gardner said. The continent is famous for its large deposits of lithium brine, the mineral deposits accounted for about half of the world's lithium.

"We think we are in a very pure hard rock ore concentration...We are in a good position, "said the director of the Sigma Ana Cabral, he pointed out that compared with lithium carbonate, hard rock deposits of lithium hydroxide rapid growth in demand. By brine production.

In recent years, western Australia is the world leader in hard rock lithium supply, its part of the reason is close to the Chinese, most of the processing plant for the production of lithium hydroxide battery level.

Sigma is likely to sell most of the lithium concentrate to Chinese buyers, this can have the confidence to offset shipping costs, and remain competitive with the Australian rivals, in part because Brazil electricity and low labor costs, key lithium mining cost.

Sigma project in the fourth quarter of this year to complete the project feasibility study, and plans to achieve full production in 2020.

The page contains the contents of the machine translation.