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Sigma Lithium Resources Corp.
Summary
| Project: | Grota do Cirilo | |
|---|---|---|
| Deposit: | Xuxa | |
| Location: | Brazil | |
| Commodities: | Lithium | |
| Date: | 10/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-10-2019: Sigma Lithium Resources Corp. announces a Feasibility Study report for its Xuxa deposit at the Grota do Cirilo project. Clarification of Sigma’s October 1, 2019 News Release. VANCOUVER, British Columbia, Oct. 07, 2019 -- Sigma Lithium Resources | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | VANCOUVER, British Columbia, Oct. 07, 2019 -- Sigma Lithium Resources Corporation (the “Company”) (TSX-V: SGMA) (OTCQB: SGMLF) is issuing this news release as a result of the Investment Industry Regulatory Organization of Canada review of the Company’s news release dated October 1st 2019 (the “October 1 Release”) to retract the EBITDA disclosure in such news release and to include after-tax net income. The Company is retracting any references to EBITDA and net revenue, as EBITDA is a non-GAAP financial measure used to measure corporate performance, and not project performance, and aftertax net income should be included if net income is included. The forecasted after tax life of mine net income for the Xuxa project is US$469 million. | |
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