Sigma Lithium Achieves Record Peak Production Of 890 Tonnes Per Day, Equivalent To Annualized 320,000 Tonnes Per Year
Portfolio Pulse from Benzinga Newsdesk
Sigma Lithium Corporation (NASDAQ:SGML) has announced that its Greentech Plant has reached a record daily peak production of 890 tonnes of Triple Zero Green Lithium, equivalent to an annualized production of 320,000 tonnes. The company is on track to achieve its annual 2023 production guidance of 130,000 tonnes. The plant has exceeded its design utilization rate of 85%, running at 88%, and has evolved to 100% design capacity. The company has been actively contributing to the preservation of water and biodiversity.
October 02, 2023 | 1:53 pm
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Sigma Lithium's record production and achievement of operational targets could boost investor confidence and potentially lead to a short-term increase in its stock price.
Sigma Lithium's record production indicates operational efficiency and successful execution of its business strategy. This could attract more investors, driving up demand for its shares and potentially leading to a short-term increase in its stock price.
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RELEVANCE 100