Sigma Lithium (SGML) said Friday that it has sold an additional 100,000 tonnes of high-purity lithium fines and that the remobilization of its mine is proceeding as planned, expected to conclude this month.

The company said the lithium fines were sold from storage at the Port of Vitoria at market-based prices linked to the Shanghai Metals Market index. The sale price was equivalent to an adjusted net final price of $140 per tonne for 1% lithium oxide content.

The company also strongly denied recent media reports alleging that it faced an "operational injunction," with some claiming that it had been "shut down" by the Ministry of Labor and Employment. The company said the reports misrepresented a routine administrative process by Brazil's Ministry of Labor and Employment.