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 ...

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 ...

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 ...

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 ...

Company Overview - Sigma Lithium Corporation is a leading global lithium producer focused on providing carbon neutral, socially and environmentally sustainable lithium concentrate for electric vehicle batteries [8][12]. - The company is currently producing Quintuple Zero Green Lithium concentrate from its Grota do Cirilo Project in Brazil, which emphasizes environmental and social sustainability in the EV battery materials supply chain [3][12]. Project Details - Phase 1 of the Grota do Cirilo Project entered commercial production in 2023, with an annual capacity of 270,000 tonnes of concentrate (equivalent to 36,700 tonnes of lithium carbonate equivalent, LCE) [3]. - A Final Investment Decision has been made to nearly double the capacity to 520,000 tonnes of concentrate through the addition of a Phase 2 concentrate mine [3]. - The project utilizes a state-of-the-art Greentech lithium plant that operates on 100% renewable energy, 100% recycled water, and employs 100% dry-stacked tailings [3]. Upcoming Events - The Annual General and Special Meeting of Shareholders (AGSM) is scheduled to be held virtually on July 9, 2024, at 11:00 a.m. EST [12][13]. - Shareholders must submit their proxy voting instructions by 11:00 a.m. Eastern Time on July 5, 2024 [2][6]. Shareholder Information - The company has amended the AGSM date to provide shareholders ample time to review the Meeting Circular and related materials before voting [6]. - Only shareholders of record as of May 24, 2024, will be entitled to vote at the AGSM [13]. Sustainability Commitment - Sigma Lithium is dedicated to environmental and social sustainability, positioning itself at the forefront of the lithium supply chain for electric vehicles [3][8].

HIGHLIGHTS Sigma Lithium is also pleased to participate and to sponsor (through Instituto Litio Verde) two major global events discussing climate and energy transition convening in Rio de Janeiro in June, as a result of Brazil's protagonist role as G20 host in 2024. Sigma Lithium's Executive Vice President for Business Development, Matthew Deyoe, will represent the Company in the G20 events in Rio. The event features panels exploring various facets of the transition to a sustainable future with keynote addr ...

SÃO PAULO, May 22, 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 has commenced loading its ninth shipment of Quintuple Zero Green Lithium, totaling 22,000 tonnes, at the Port of Vitoria. The Company sold its entire ninth shipment directly to ...

Shares of Sigma Lithium Corporation (SGML) have gained 30.9% over the past four weeks to close the last trading session at $17.73, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $27.27 indicates a potential upside of 53.8%. The average comprises four short-term price targets ranging from a low of $21.35 to a high of $32.73, with a standard deviation of $5.08. While the lowest e ...

So more importantly, we have also managed to increase the operating life of the Company to 25 years. We increased mineral reserves by 40% auditing 77 million tons, . We also made a final investment decision on a fully funded expansion to double production to 520,000 tons annually, equivalent to 70,000 tonnes LCE. Sigma Lithium Corporation (NASDAQ:SGML) Q1 2024 Earnings Conference Call May 16, 2024 12:00 PM ET And lastly, we already talked about this we delivered the longevity that will backup the operationa ...

Core Insights - Sigma Lithium Corporation reported its financial results for the first quarter of 2024, highlighting significant operational milestones and financial performance improvements [3][4]. Financial Performance - Reported revenue for Q1 2024 was $37.2 million, a slight decrease from $37.7 million in Q4 2023 [5][14]. - Average reported selling price increased to $704 per tonne in Q1 2024, up from $583 per tonne in Q4 2023 [5]. - Adjusted EBITDA for Q1 2024 was $5.9 million, reflecting a margin of 15.8%, compared to $1.3 million in Q4 2023 [9][10]. - Net income for the quarter was a loss of $7.0 million, an improvement from a loss of $9.5 million in the previous quarter [10][26]. Production and Sales Metrics - Lithium concentrate production totaled 54,168 tonnes in Q1 2024, down from 59,938 tonnes in Q4 2023 [5][11]. - Sales volumes for Q1 2024 were 52,857 tonnes, compared to 64,670 tonnes in Q4 2023 [5]. - The company achieved a premium price of $1,290 per tonne for its Quintuple Zero Green Lithium in May 2024, marking an 11% increase from April [6][15]. Operational Developments - The company made a final investment decision to construct a second Greentech plant, which will double production capacity to 520,000 tonnes annually by 2025 [4][12]. - Proven and probable mineral reserves at Grota do Cirilo increased by 40% to 77 million tonnes, extending the operational life to 25 years [4][6]. Cost Management - Reported cash costs for lithium concentrate production averaged $397 per tonne in Q1 2024, down 16% from $462 per tonne in Q4 2023 [8][14]. - The company is on track to meet its cost guidance of $370 per tonne at the plant gate and $420 per tonne FOB [14][20]. Balance Sheet and Liquidity - Sigma Lithium ended Q1 2024 with $108.2 million in cash and cash equivalents, a significant increase from $48.5 million at the end of Q4 2023 [18]. - Total liabilities stood at $201 million, including $89 million in drawn and available liquidity through trade finance lines [18][19].