SIGMA LITHIUM ADVANCES CONSTRUCTION TO DOUBLE CAPACITY AND PROVIDES FY2024 PREVIEW AND FY2025 GUIDANCE

Core Viewpoint - Sigma Lithium Corporation is advancing the construction of its second Greentech industrial plant to double its lithium oxide concentrate production capacity, aiming to meet the growing demand for electric vehicle batteries [1][10]. Financial and Operational Metrics - For Q4 2024, the company expects production volumes of 77,000 tonnes, with unit operating cash costs at US$318 per tonne at the plant gate, US$367 FOB Brazil, and US$427 CIF China [3]. - For FY 2024, underlying revenue is projected at US$181 million, with a cash gross margin of 41% and underlying EBITDA of US$46 million, resulting in an EBITDA margin of 25% [3]. Production Outlook - Production volumes for FY 2025 are expected to reach 300,000 tonnes, with 270,000 tonnes from Plant 1 and 30,000 tonnes from Plant 2. By FY 2026, total production is projected to increase to 520,000 tonnes [4]. Cost Guidance - The company anticipates a unit operating cash cost of US$500 per tonne CIF China for FY 2025 [5]. Construction Update - Sigma Lithium is on track to double its production capacity by Q4 2025, having completed 100% of the foundation earthworks for the second plant and advanced to civil works [6][7]. - The company has a workforce of 100 currently, with plans to expand to 1,000 at peak construction [8]. Funding and Efficiency - Sigma Lithium has secured a US$100 million credit line from BNDES to fund construction, emphasizing its low capital expenditure intensity and existing infrastructure to control costs [9]. - As one of the world's lowest-cost producers, the company aims to leverage economies of scale to enhance cost efficiency as it expands capacity [10]. Sustainability Commitment - Sigma Lithium is committed to producing carbon-neutral lithium with a focus on environmental and social sustainability, operating at its Grota do Cirilo Operation in Brazil [12].