11:28 AM EST, 03/08/2024 (MT Newswires) -- Sigma Lithium ( SGML ) said Friday it has closed $90 million in trade finance credit lines linked to its environmental, social and governance, or ESG, credentials.

The trade finance credit lines were extended by Citibank for $50 million, Santander for $20 million, and Banco do Brasil and XP with $10 million each, according to Sigma.

The company also said it will load a 22,000-tonne lithium shipment this weekend for Swiss-Anglo natural resources firm Glencore at the Port of Vitoria in Brazil.

The new shipment will be the seventh by Sigma since its Greentech industrial plant opened last May and is now producing battery-grade lithium at its projected capacity of 270,000 tonnes per year, the company said.

Sigma shares were 5.8% lower in recent Friday trading.

Price: 13.76, Change: -0.84, Percent Change: -5.75