13
Feb
14:47
BNDES intends to back Sigma Lithium's expansion in Brazil
Lithium producer Sigma Lithium says the Development Bank of Brazil (BNDES) intends to fund the company’s second lithium concentrate production plant in Brazil.
The Vancouver-headquartered company expects the plant at the Grota do Cirilo site to have a cost of $100 million. However, it did not specify the amount of credit the bank could be offering. Securing the financing will also be subject to final credit approval by BNDES and other conditions, including t…
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