SIGMA LITHIUM SIGNS INAUGURAL DEFERRED US$ 22.4 MILLION LETTER OF CREDIT EXPORT FINANCING WITH BANCO DO BRASIL
SGMLSigma Lithium(SGML) Prnewswire·2024-07-29 17:00

HIGHLIGHTS Sigma Lithium signed on July 24, 2024 a deferred US$ 22.4 million letter of credit (the "Transaction") with Banco do Brasil. This Transaction strengthens Sigma's commercial power, enabling it to offer 90-day "export vendor financing" to its clients at very low interest rates. The Transaction amount was calculated based on the 22,000t July 5th production and shipment at the price of 8.75% of Lithium Hydroxide quoted at LME. The Transaction represents the inaugural solution for the Company devel ...