SÃO PAULO, Dec. 23, 2024 /PRNewswire/ -- Sigma Lithium Corporation (TSXV/NASDAQ: SGML, BVMF: S2GM34) ("Sigma Lithium" or the "Company"), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon-neutral, socially and environmentally sustainable lithium concentrate, is pleased to announce that it is currently loading 22,650 tonnes of its Quintuple Zero Green Lithium for shipment from the Port of Vitoria to IRH Global Trading LTD in Abu Dhabi (IRH), reflectin ...

SÃO PAULO, Dec. 20, 2024 /PRNewswire/ -- Sigma Lithium Corporation (TSXV/NASDAQ: SGML, BVMF: S2GM34) ("Sigma Lithium" or the "Company"), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon-neutral, socially and environmentally sustainable lithium concentrate, is pleased to announce the receipt of a Triple Environmental License (Licenca Operacional (LO), Licenca Previa (LP), Licenca Instalacao (LI)) for its Barreiro mine. Barreiro is the second mine si ...

SÃO PAULO, Dec. 3, 2024 /PRNewswire/ -- Sigma Lithium Corporation (TSXV/NASDAQ: SGML, BVMF: S2GM34) ("Sigma Lithium" or the "Company"), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon-neutral, socially and environmentally sustainable lithium concentrate, announces that it is in the process of loading 27,500 tonnes of its already produced Quintuple Zero Green Lithium for shipment from the Port of Vitoria to IRH Global Trading LTD in Abu Dhabi, demo ...

Financial Data and Key Metrics - The company achieved a production target of 60,237 dry metric tons, surpassing the initial target of 60,000 tons [13] - Sales volume reached 57,483 GLT, with sales revenue of $44.2 million and operational cash flow of $34.5 million [12] - Cash costs were maintained at $449 per ton, with a CIF cost in China of $413 per ton [12] - The company generated a cash gross margin of 38% and maintained a cash balance of $65.7 million [12] - A provisional price adjustment of $23.3 million was recorded, related to the final settlement of open sales invoices [12] Business Line Performance - The company's Greentech plant achieved a record DMS recovery rate of 70%, with global recoveries at 55% [14] - The optimization project for Plant 1 was completed, potentially increasing production by 10% to 15% [9] - The company is advancing the construction of Plant 2, which will further enhance production capacity [9] Market Performance - The company successfully adapted its commercial strategy, achieving higher realized prices compared to industry benchmarks [8] - By shifting from selling to traders as principals to selling to traders as distributors, the company navigated market seasonality and strengthened its commercial position [27] - The company managed to price its shipments above benchmark prices, capturing more value during seasonal fluctuations [28][31] Strategic Direction and Industry Competition - The company aims to reach 100,000 tons per year of LCE equivalent production capacity by the end of 2026 [46] - A key part of the strategy is to build 20,000 tons of LCE concentration capability to integrate into a potential lithium sulphate chemical plant [46] - The company is leveraging its low-cost production and operational resilience to position itself as a leading global lithium producer [51] Management Commentary on Operating Environment and Future Outlook - The company demonstrated resilience to lithium price cycles, generating positive cash flow despite market volatility [24] - Management highlighted the importance of operational discipline and low-cost production in maintaining financial stability [23] - The company is confident in its ability to navigate future market cycles and deliver long-term value to stakeholders [6] Other Important Information - The company signed a $487 million loan agreement with BNDES, fully funding the construction of Phase 2 [20] - The loan has favorable terms, including a 16-year maturity, an 18-month grace period, and a fixed interest rate of 2.5% [21] - The company achieved net zero emissions one year ahead of its target, 27 years ahead of the industry average [6] Q&A Session Question: Changes in customer interest and order booking - The company observed increased interest from customers due to the metallurgical premium of its product, which offers cost savings of 20% to 30% [58] - The company has shifted its commercial strategy to better navigate seasonality, resulting in higher realized prices [59] - Orders are being booked throughout the year, with recent trades priced above benchmark indices [61] Question: Provisional pricing adjustments - The provisional price adjustment of $23.3 million was primarily related to shipments from Q4 2023, reflecting the impact of significant price drops during that period [68] - The company closed out open trades, resulting in a positive cash inflow of $7 million [69] Question: Phase 3 and 4 expansion plans - The company plans to build a third plant similar to the second, with an estimated cost of $100 million [73] - Additional infrastructure for Phase 4, including water treatment and power capacity, is expected to cost $15 million to $20 million [74] - The company is exploring partnerships for the construction of a lithium sulphate chemical plant, aiming to deliver globally competitive products [77][79] Question: Production and Phase 2 CapEx - The company achieved a production cadence of 22,000 tons per month, with plans to maintain this pace [85] - CapEx for Phase 2 is estimated at $20 million to $25 million, with the first BNDES disbursement expected to reimburse these costs [87] - The company has shifted to in-house project management for Phase 2 construction, leveraging its operational expertise [89] Question: Recovery improvements in Q4 and Q1 - The company expects global recoveries to increase to near 60% due to ongoing plant optimization [94] - Mobile crushers, which were temporarily used, will be decommissioned, leading to further cost savings and operational improvements [98]

Financial Performance - Total sales revenue for the three months ended September 30, 2024, was CAD 28,275, a decrease from CAD 129,925 in the same period of 2023[15] - The net loss for the nine months ended September 30, 2024, was CAD 58,302, compared to a net loss of CAD 25,505 for the same period in 2023[17] - The gross profit for the nine months ended September 30, 2024, was CAD 22,373, a decrease from CAD 82,829 in the same period of 2023[15] - Net loss for the nine months ended September 30, 2024, was CAD$58,302,000, compared to a net loss of CAD$25,505,000 for the same period in 2023, representing a 128.5% increase in losses[19] - Stock-based compensation for the nine months ended September 30, 2024, was CAD$11,032,000, compared to CAD$57,076,000 in the same period of 2023, showing a decrease of 80.7%[22] Cash and Liquidity - Cash and cash equivalents increased to CAD 88,645 as of September 30, 2024, from CAD 64,403 as of December 31, 2023[13] - Cash and cash equivalents at the end of the period increased to CAD$88,645,000 from CAD$38,142,000, marking a CAD$50,503,000 increase[20] - The company reported a net income of CAD 283 thousand for the nine months ended September 30, 2024, compared to a net loss of CAD 2,221 thousand for the same period in 2023[112] - The company has a liquidity management strategy focused on ensuring sufficient cash flow to meet obligations, with a total of CAD 47,645 thousand in supplier obligations due within one year[192][196] Assets and Liabilities - Total assets rose to CAD 498,447 as of September 30, 2024, compared to CAD 487,238 as of December 31, 2023[13] - Current liabilities increased significantly to CAD 185,251 as of September 30, 2024, from CAD 122,373 as of December 31, 2023[13] - Total shareholders' equity decreased to CAD 147,892 as of September 30, 2024, from CAD 214,284 as of December 31, 2023[13] - The total loans and export prepayment as of September 30, 2024, amounted to CAD 170,906 thousand, an increase from CAD 77,438 thousand as of December 31, 2023[120] - The company’s loans and export prepayment agreements increased to CAD 244,847 thousand as of September 30, 2024, up from CAD 170,906 thousand at the end of 2023, indicating a rise in financial leverage[197] Inventory and Receivables - Trade accounts receivable decreased to CAD 20,109 from CAD 29,693, reflecting a reduction of 32.5%[66] - High-grade lithium concentrate inventory increased to CAD 2,833, up 107.1% from CAD 1,366 on December 31, 2023[73] - Total inventories rose to CAD 22,394, a 15.1% increase from CAD 19,442[73] - Advances to suppliers increased to CAD 11,323 from CAD 7,062, representing a 60.5% rise[75] Financing Activities - Proceeds from loans in financing activities amounted to CAD$223,431,000, a substantial increase from CAD$80,958,000 in the previous year[19] - Interest payments on loans and leases increased to CAD$21,103,000 in 2024 from CAD$1,683,000 in 2023, reflecting a significant rise in financing costs[19] - The facility agreement with Tatooine allows for a loan of up to USD 15.9 million, with a total amount of CAD 16,695 thousand outstanding as of September 30, 2024[109] Tax and Regulatory - The effective tax rate for the nine months ended September 30, 2024, was -3.8%, compared to 38.9% for the same period in 2023[19] - The total deferred tax assets increased to $10,973 thousand as of September 30, 2024, from $9,832 thousand on December 31, 2023[154] - The Company has $17,889 thousand of tax loss carryforward generated in Canada that has not been recognized due to the expectation of no taxable income to offset it[19] Foreign Exchange and Risk Management - The company reported a foreign exchange gain of CAD$26,845,000 in 2024, contrasting with a loss of CAD$7,403,000 in 2023, indicating a positive shift in currency impact[19] - The company’s exposure to foreign exchange rate risk includes $(6,917) thousand in Canadian dollars and $57,340 thousand in U.S. dollars as of September 30, 2024[174] - The sensitivity analysis indicated that a 10% deterioration in the CAD exchange rate could result in a profit impact of CAD 765 thousand, while a 20% deterioration could lead to a profit impact of CAD 1,278 thousand[178] Operational Investments - The company continued investing in Phase 1 infrastructure, with additions classified as assets under construction totaling CAD 22,375 for the period ended September 30, 2024[82] - The company has initiated the transfer of mining rights from Arqueana to Sigma Brazil, which is expected to enhance its operational capabilities[111]

SÃO PAULO, Nov. 14, 2024 /PRNewswire/ -- Sigma Lithium Corporation ("Sigma Lithium" or the "Company") (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate announces it will release financial results for the third quarter ended September 30, 2024 before the market opens on November 15, 2024.Additionally, the Company is pleased to announce the ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Sigma Lithium Corporation (SGML) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they m ...

HIGHLIGHTSThe Company announces that it is shipping 22,000 tonnes of Quintuple Zero Green Lithium to International Resources Holding (IRH), the official trading company established by the Abu Dhabi Emirate.This represents Sigma's first transaction with IRH, broadening its commercial strategy of encompassing partners with strong balance sheets.Provisional price for this shipment is set at 8.25% of the price of battery grade lithium carbonate quoted at GFEX at shipment date. This shipment demonstrates a share ...

Investors in Sigma Lithium Corporation (SGML) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $45 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It co ...

Sigma Lithium (NASDAQ:SGML) just reported results for the second quarter of 2024. Sigma Lithium reported earnings per share of -10 cents. This was below the analyst estimate for EPS of 10 cents. The company reported revenue of $45.92 million. This was 35.42% worse than the analyst estimate for revenue of $71.11 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings p ...