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Sigma Lithium(SGML) - 2024 Q2 - Earnings Call Transcript
2024-08-16 15:49
Sigma Lithium Corporation (NASDAQ:SGML) Q2 2024 Earnings Conference Call August 16, 2024 8:00 AM ET Company Participants Matthew DeYoe - Executive Vice President Ana Cabral - Chief Executive Officer Conference Call Participants Steve Byrne - Bank of America Joel Jackson - BMO Andrei Kroupnik - Drakewood Operator Good morning, everyone. My name is Regina, and I will be your operator today. Welcome to the Sigma Lithium Second Quarter 2024 Earnings Conference Call. Today's call is being recorded and is broadca ...
Sigma Lithium(SGML) - 2024 Q2 - Quarterly Report
2024-08-16 01:42
Exhibit 99.1 SIGMA LITHIUM CORPORATION MANAGEMENT'S DISCUSSION AND ANALYSIS FOR THE THREE MONTHS ENDED JUNE 30, 2024 | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------|-------|-------| | | | | | SIGMA LITHIUM CORPORATION | | | | MANAGEMENT'S DISCUSSION AND ANALYSIS FOR THE THREE MONTHS ENDED JUNE 30, 2024 | | | | (Expressed in thousands of Canadian dollars, except per share amounts or unless stated otherwise) | | ...
Sigma Lithium Corporation (SGML) Stock Dips While Market Gains: Key Facts
ZACKS· 2024-08-06 23:15
Sigma Lithium Corporation (SGML) ended the recent trading session at $8.91, demonstrating a -0.89% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 1.04%. On the other hand, the Dow registered a gain of 0.76%, and the technology-centric Nasdaq increased by 1.03%. Shares of the company have depreciated by 26.73% over the course of the past month, underperforming the Computer and Technology sector's loss of 13.91% and the S&P 500's loss of 6.74%. Mar ...
SIGMA LITHIUM TO RELEASE SECOND QUARTER 2024 RESULTS AUGUST 15, 2024
Prnewswire· 2024-08-01 11:53
SÃO PAULO, Aug. 1, 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 its financial results for the second quarter ended June 30, 2024 after market close on August 15, 2024. The release will be followed by an investor conference call ...
Sigma Lithium Corporation (SGML) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2024-07-31 23:15
Sigma Lithium Corporation (SGML) closed the latest trading day at $10.93, indicating a +1.3% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 1.08% for the day. Elsewhere, the Dow gained 0.75%, while the tech-heavy Nasdaq added 2.64%. Coming into today, shares of the company had lost 8.4% in the past month. In that same time, the Computer and Technology sector lost 5.77%, while the S&P 500 lost 0.44%. The investment community will be closely monitoring the p ...
SIGMA LITHIUM SIGNS INAUGURAL DEFERRED US$ 22.4 MILLION LETTER OF CREDIT EXPORT FINANCING WITH BANCO DO BRASIL
Prnewswire· 2024-07-29 09:00
Core Viewpoint - Sigma Lithium Corporation has signed a US$ 22.4 million deferred letter of credit for export financing with Banco do Brasil, which will enhance its commercial power and reduce interest expenses, thereby improving competitiveness in the lithium market [1][11]. Group 1: Financial Developments - The company will phase out existing trade lines in its treasury due to the lower interest export credit lines, leading to decreased recurring interest expenses [2]. - The transaction allows Sigma Lithium to offer 90-day "export vendor financing" to clients at very low interest rates, calculated based on recent production and shipment prices [11]. - The financing agreement is expected to enhance Sigma Lithium's commercial flexibility and market access, allowing it to institutionalize a price premium for its lithium concentrate [12][13]. Group 2: Production Capacity and Sustainability - Sigma Lithium's Phase 1 project entered commercial production in the second quarter of 2023, with an annual capacity of 270,000 tonnes of concentrate (36,700 tonnes of lithium carbonate equivalent) [9][13]. - The company has approved a Final Investment Decision to expand capacity to 520,000 tonnes of concentrate through a Phase 2 expansion of its Greentech Plant [9]. - Sigma Lithium is committed to producing "Quintuple Zero Green Lithium," which is characterized by zero carbon emissions, zero dirty power, zero potable water usage, zero toxic chemicals, and zero tailings dams [4][13]. Group 3: Strategic Partnerships - The partnership with Banco do Brasil marks a significant milestone for Sigma Lithium, as it gains access to trade financing instruments typically available to Brazil's largest exporters [7][12]. - The collaboration aims to strengthen Sigma Lithium's position in the Brazilian green industrialization of battery materials [7].
Global Lithium Supply on the Rise as Miners Creatively Prepare for Surging Demand Through 2030
Prnewswire· 2024-07-15 15:33
In late April, Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF) filed a new Preliminary Economic Assessment (PEA) on its flagship Hombre Muerto North Lithium Project. The new PEA further bolstered Lithium South's plans to advance the development of a lithium carbonate production facility with an annual output of 15,600 tonnes. The assessment revealed a promising financial outlook, with an after-tax Net Present Value (NPV) of US$938 million and an Internal Rate of Return (IRR) of 31.6%. The proje ...
SIGMA LITHIUM APPOINTS DISTINGUISHED BUSINESS LEADER AS AN ADDITIONAL INDEPENDENT DIRECTOR AT ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
Prnewswire· 2024-07-12 18:36
Ana Cabral, Co-Chair and CEO of Sigma Lithium states, "We were honored to have been able to count on the indefatigable dedication of Cesar and Lucas during their tenure at our Board of Directors. They had instrumental roles in helping steer and prepare the Company to withstand the downcycle of lithium prices, helping us to emerge a significantly stronger and resilient player, becoming the formidable global leader we are today in the lithium market: the world's 4th industrial mineral lithium complex with glo ...
SIGMA LITHIUM SELLS 22,000t OF QUINTUPLE ZERO LITHIUM AT PREMIUM PRICE OF 8.75% LME HYDROXIDE
Prnewswire· 2024-07-01 12:00
HIGHLIGHTS SAO PAULO, July 1, 2024 /PRNewswire/ -- Sigma Lithium Corporation (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, is pleased to announce it completed the sale of its 10th shipment of 22,000t of Quintuple Zero Lithium at a premium floating price of 8.75% of LME Lithium Hydroxide quoted at LME (CIF Shanghai basis). Sigma Lith ...
SIGMA LITHIUM CO-CHAIRS CONCLAVE AT SAUDI ARABIA'S FII SUMMIT IN BRAZIL; HOSTS DELEGATION FROM THE WHARTON SCHOOL AT ITS GREENTECH PLANT IN VALE DO JEQUITINHONHA
Prnewswire· 2024-06-19 12:07
Under the theme "Invest in Dignity," Saudi Arabia's first flagship summit in Brazil explored investing in the energy transition, technology, and how social inclusion can build a global order that prioritizes dignity for all. Sigma Lithium also hosted a delegation of professors from the Wharton School of the University of Pennsylvania at its industrial site in Brazil's Vale do Jequitinhonha in Minas Gerais. The tour provided a concrete experience of Brazil's burgeoning role in the global lithium industry and ...