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 ...

Core Insights - The theme "Invest in Dignity" was central to Saudi Arabia's first flagship summit in Brazil, focusing on energy transition, technology, and social inclusion to create a global order prioritizing dignity for all [1][3] Company Overview - Sigma Lithium Corporation is a leading global lithium producer, dedicated to providing carbon neutral, socially and environmentally sustainable lithium concentrate for electric vehicles [6][14] - The company operates in Brazil's Vale do Jequitinhonha, where it has significantly contributed to local economic growth and social inclusion [20][21] Recent Developments - Sigma Lithium hosted a delegation from the Wharton School at its industrial site, showcasing Brazil's role in the global lithium industry and the production of its Quintuple Zero Green Lithium [2][11][12] - The company participated in discussions at the Future Investments Initiatives Priority Summit, co-chaired a conclave with Saudi Aramco, and emphasized the importance of materials transition in the energy sector [5][7][9] Sustainability Efforts - Sigma Lithium's Quintuple Zero Green Lithium is produced with zero carbon emissions, zero usage of potable water, zero tailing dams, zero dirty power, and zero toxic chemicals, aligning with the ethos of electric vehicles [10][15] - The company has created over 14,000 jobs and plans billions of reals in investments, contributing to a 20% annual economic growth in the Jequitinhonha Valley [21]

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 ...

Financial Data and Key Metrics Changes - The company reported revenue of $49 million for Q1 2024, reflecting a realized price of $930 per ton, with operating cash cost per ton at $462, down about 16% sequentially, resulting in a 50% FOB margin [11][33] - Adjusted EBITDA for Q1 was reported at $6 million, with an EBITDA margin of nearly 16%, while excluding provisional implications, EBITDA was assessed at $17 million, reflecting a margin closer to 35% [11][33] - The cash balance at the end of Q1 was $108 million, which supports the funding for expansion projects [14][87] Business Line Data and Key Metrics Changes - The company achieved a production total of over 54,000 tonnes in Q1, with sales of 52,857 tonnes of lithium concentrate [33][58] - The company has been shipping approximately 22,000 tonnes of lithium concentrate materials every 35 days, demonstrating consistent operational performance [4][90] Market Data and Key Metrics Changes - The company achieved a 25% increase in realized prices compared to the previous quarter, with an 11% price increase noted in the last month alone [5][26] - The company is positioned as the second lowest cost producer globally, with a cash cost of $397 per ton [58][86] Company Strategy and Development Direction - The company plans to double production capacity to 520,000 tonnes annually, with a final investment decision made for a fully funded expansion project [1][20] - The company aims to maintain its position as a low-cost, sustainable producer while expanding its operational life to 25 years through increased mineral reserves [1][62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver on its targets, emphasizing the resilience and reliability of operations despite market headwinds [41][74] - The management highlighted the robust demand for lithium and the need for new production sources to meet future supply requirements, indicating a positive outlook for pricing [10][31] Other Important Information - The company has increased its mineral reserves by 40%, now totaling 77 million tonnes, which supports its long-term operational plans [1][24] - The company has secured trade finance and is confident in its capital structure to support ongoing and future expansion projects [17][40] Q&A Session Summary Question: Can you provide the latest regarding the strategic review and is that currently on pause? - Management confirmed that the strategic review is currently on pause due to a disconnect between perceived fair value and operational strength [76][77] Question: Can you provide updates on the LG arbitration process? - Management reassured that the relationship with LG Group remains strong and positive, with no concerns regarding the arbitration process [78][95] Question: What contributed to the decrease in mining services and consumables costs? - Management explained that improved efficiency in using ferrosilicon and recycling processes contributed to the decrease in costs [97][98] Question: Is the current G&A cost level sustainable going forward? - Management indicated that G&A costs are at a good level and will continue to decrease as productivity initiatives take effect [79][80] Question: How will provisional pricing situations change as the pricing environment improves? - Management noted that as clients experience cost savings from the product, they will be more amenable to final pricing conversations, moving away from provisional pricing [102][111]

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].

Financial Data and Key Metrics Changes - The company reported full-year revenues of $135 million, with an average realized price per tonne of $1,321 and a cash cost at the plant of $427 per tonne [84][85] - The adjusted EBITDA for the year was $49 million, reflecting a robust EBITDA margin of 36% after adjusting for non-recurring items [87][93] - The cash position as of March 30 was $109 million, with a net debt increase only modestly between year-end 2023 and March [12][65] Business Line Data and Key Metrics Changes - The company achieved a production of 105,000 tonnes of lithium concentrate in 2023, with a target to double capacity to 520,000 tonnes in Phase 2 expansion [59][65] - The average price for the lithium product was $1,333 per tonne, with a net price of $1,160 per tonne after VAT [76][84] - The company reported a spodumene production of 53,000 tonnes in Q1, down from 59,000 tonnes in Q4, attributed to cultural factors such as Carnival [37][38] Market Data and Key Metrics Changes - The company is positioned as the fourth largest mineral industrial lithium complex globally and the sixth largest producer, including brine and rock [60][70] - The pricing for Q1 shipments is expected to be similar to Q4, with a slight difference of about $100 [44][46] - The company has established a strong market presence, achieving a premium price due to superior metallurgical properties of its product [74][76] Company Strategy and Development Direction - The company aims to close the market cap gap by demonstrating its position as a large-scale producer and focusing on increasing production capacity [72][50] - The strategic focus includes moving downstream into lithium sulfate production, leveraging Brazil's clean and cheap energy resources [18][19] - The company emphasizes sustainability with zero toxic chemicals and zero tailings, positioning itself as a leader in green lithium production [68][81] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate free cash flow in subsequent quarters despite a cash position drop in Q1 [5][12] - The management highlighted the importance of maintaining a low-cost structure and operational efficiency to withstand commodity cycle fluctuations [84][108] - The company is committed to building a resilient lithium business and aims to be among the top three producers in the industry soon [50][51] Other Important Information - The company has a long-term debt of approximately $100 million from shareholders, with a focus on managing cash flow effectively [13][15] - The company has achieved significant operational milestones, reaching full production capacity within six months of commissioning [63][74] - The management team owns more than 50% of the company, indicating strong alignment with shareholder interests [59] Q&A Session Summary Question: Is it fair to assess your net cash position in the first quarter is dropping by $30 million? - Management clarified that the cash position was $109 million as of March 30, with drawn but unused trade lines contributing to the cash dynamics [7][8] Question: Can you talk about SG&A expectations for Q1 and Q2? - Management indicated that SG&A was at $42 million, with ongoing efforts to reduce it to a more sustainable level [27][28] Question: Why was spodumene production lower in Q1? - Management attributed the lower production to cultural factors related to Carnival, which affects workforce availability [37][38] Question: What are the preliminary cost estimates for the lithium sulfate project? - Management stated that while they have a study on costs, specific figures could not be disclosed at this time [17][19] Question: How does the company plan to manage operational costs moving forward? - Management emphasized a focus on tightening spending and optimizing operational efficiency to achieve lower costs [34][36]

Sigma Lithium Corporation (NASDAQ:SGML) Q3 2023 Earnings Conference Call November 15, 2023 8:00 AM ET Company Participants Matthew DeYoe - EVP, Corporate Affairs and Strategic Development Ana Cabral Gardner - CEO Conference Call Participants Joel Jackson - BMO Capital Markets Operator Good day, everyone. Welcome to Sigma Lithium's Third Quarter 2023 Earnings Conference Call. Today's call is being recorded and is broadcast live on Sigma's website. [Operator Instructions] Please note, this event is being reco ...