Sigma Lithium in agreement for $100 million of pre-export financing

Chicago, Dec. 5 – Sigma Lithium Resources Corp. signed definitive agreements for up to $100 million of senior secured pre-export financing with Synergy Capital, according to a press release.

Synergy, based in the United Arab Emirates, is one of the company’s current shareholders.

The four-year financing will have interest based on BSBY plus 695 basis points.

The initial drawdown of $60 million is expected to close this year.

The debt financing will fully fund the company until August 2023, including the initiation of detailed engineering and the initiation of construction of the project expansion.

The Vancouver, B.C., company produces environmentally sustainable battery-grade lithium concentrate.

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