The funding represents 100% of the capital expenditure outlined in a May 2024 feasibility study.
Once complete, the Guben converter will be the first of its kind in Europe, with expected annual production of 24,000 tonnes of lithium hydroxide.
Sigma Lithium's CEO is vowing to stay the course and even triple production with a message for rivals and naysayers.
Galp was left alone in early 2024, when Northvolt said it would not invest in the 50-50 joint venture set up in November 2021.
Reuters | November 27, 2024 | 8:20 am