Core Insights - Sigma Lithium Corporation reported significant revenue growth in Q3 2025, with net revenues increasing by 69% quarter-over-quarter and 36% year-over-year, driven by effective commercialization strategies and improved sales volumes [5][6]. Operational and Financial Metrics - Production volume decreased to 44.0 Kt in Q3 2025, down 36% from Q2 2025 and 27% from Q3 2024 [3]. - Sales volume increased to 48.6 Kt in Q3 2025, a 21% increase from Q2 2025 but a 15% decrease from Q3 2024 [3]. - Average net realized price rose to US$586 per tonne, a 40% increase quarter-over-quarter and a 61% increase year-over-year [3]. - EBITDA improved to -US$6.2 million in Q3 2025, a 64% improvement from -US$17.1 million in Q2 2025 [3]. - Cash and cash equivalents decreased to US$6.1 million, a 60% decline from Q2 2025 and a 91% decline from Q3 2024 [3]. Revenue Growth and Strategy - The company generated US$24 million from final price settlements in Q3 2025, with an additional US$4 million expected from incremental settlements [5]. - A total of US$33 million is anticipated from the sale of 950,000 tonnes of high purity lithium materials [5]. - The successful commercialization strategy allowed Sigma Lithium to navigate lithium price fluctuations effectively [6]. Mining Operations and Upgrades - Mining operations are expected to restart by the end of November 2025, with a full ramp-up anticipated by Q1 2026 [5][8]. - The company plans to upgrade mining operations by increasing equipment size and fully digitalizing controls [8]. - The Greentech industrial plant has achieved over 70% recovery levels since January 2025, with plans to reach full capacity of 300 Kt in 2026 [7][8]. Cash Position and Deleveraging - As of September 30, 2025, Sigma Lithium had cash and cash equivalents of US$6.1 million, with an additional US$20 million from trade receivables [9]. - The company converted trade account receivables into US$21 million in cash, improving liquidity significantly [10]. - Short-term trade finance debt was reduced by 38% to US$37 million as of September 30, 2025, with plans to decrease it further [11].

Core Viewpoint - Sigma Lithium Corporation has demonstrated strong operational performance in Q1 2025, exceeding production and cost targets despite a challenging lithium pricing environment [2][4]. Financial Performance - Production volumes reached 68,308 tonnes, exceeding the target of 67,500 tonnes and representing a 26% increase compared to Q1 2024 [3][4]. - Sales volumes were 61,584 tonnes, marking a 17% increase over Q1 2024 [3]. - Operating cash cost at the plant gate was US$349 per tonne, which is 12% lower than Q1 2024 and 8% better than the FY 2025 target [3][4]. - CIF China cash costs were US$458 per tonne, 17% lower than Q1 2024 and 6% better than the FY 2025 target [3]. - All-in sustaining cost (AISC) was US$622 per tonne, 20% lower than Q1 2024 and flat compared to Q4 2024 [3][4]. - Revenues reached US$47.7 million, a 28% increase over Q1 2024, despite lower lithium pricing [3][4]. - EBITDA was US$10 million, representing a 224% increase over Q1 2024 [3][4]. Community and Government Support - The company received overwhelming support from local communities, with over 2,000 supporters and 91% positive testimonials during public hearings on lithium production [4][6]. - Sigma Lithium has created over 1,700 direct jobs and 20,000 indirect jobs, benefiting more than 21,000 people through social inclusion programs [4][6]. Strategic Positioning - Sigma Lithium operates one of the world's largest lithium production sites, with plans to double production capacity to 520,000 tonnes of lithium oxide concentrate [9]. - The company's strategic location in Brazil, a diplomatically neutral and investor-friendly country, has helped it navigate global trade disruptions [4].