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Sigma Lithium Corporation (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34) is a pioneering global lithium producer, dedicated to powering the next generation of electric vehicle (EV) batteries with environmentally sustainable and high-purity lithium. The company's flagship project, the Grota do Cirilo Project in Brazil, is one of the highest-grade hard rock lithium spodumene deposits in the Americas.
Sigma Lithium is committed to producing Quintuple Zero Green Lithium concentrate, which is characterized by being carbon-neutral, using 100% renewable energy, 100% recycled water, and 100% dry-stacked tailings. This commitment to sustainability extends to their operational practices, which include the expansion of the Atlantic Forest Conservation program in Brazil to create a
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Sigma Lithium expands its Tropical Forest Conservation program by acquiring land 250km away to create a 'Conservation Belt Against Deforestation'. The company aims to preserve 690 hectares of tropical forest to combat climate change. However, Sigma Lithium faces non-compliance issues with Nasdaq due to delayed Form 40-F filing, impacting trading and management activities.
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Sigma Lithium announces Final Investment Decision to double production of Quintuple Zero Green Lithium, reports strong financials for FY23, and delays filing annual disclosure documents. The company plans to build Phase 2 Industrial Plant with Capex of $100mm, expand capacity by 250,000t/y, and commence construction in 1Q24. Sigma Lithium became the world's 6th largest lithium producer in 2023, with revenue of $135.1m and EBITDA of $49.1m. Despite a delay in filing annual reports, the company remains financially robust and well-positioned for future growth.
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Sigma Lithium achieves a premium fixed price of US$ 1,333/t for its 8th shipment, marking a 13% increase and reflecting the company's commitment to sustainable lithium production. The price is final and non-provisional, signaling a significant improvement in commercial terms and consolidating Sigma Lithium's position as a leading global lithium producer. The product's superior quality, including high-purity and coarse particles, has garnered strong market interest and favorable commercial terms. The company's focus on maximizing value capture through closed private bidding and strategic marketing strategies with Glencore highlights its dedication to building a sustainable lithium supply chain for electric vehicles.
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Sigma Lithium announces the filing of its financial statements for the year ended December 31, 2023, and an update to its Mineral Resource Estimate section of the technical report. The earnings release and report will be available on April 1, 2024, followed by an investor conference call. The Company remains dedicated to sustainable lithium production for electric vehicles.
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Sigma Lithium faces arbitration initiated by LG Energy Solution, alleging breach of provisions in an offtake agreement for lithium concentrate. Sigma Lithium plans to vigorously defend against the claims, maintaining a positive relationship with LG Group.
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Sigma Lithium Corporation announces closing of USD 90 million trade finance credit lines with leading financial institutions and celebrates International Women's Day by loading 22,000 tonnes of Quintuple Zero Green Lithium to Glencore AG. The company demonstrates consistent performance at its Greentech industrial plant, achieving a monthly production capacity of 270,000 tonnes per year. Glencore increases prepayment to 85% of shipment value at premium price, reflecting a shift in payment terms. Sigma Lithium also highlights its commitment to sustainability and diversity within the company.
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Sigma Lithium CEO Ana Cabral-Gardner to present at 2024 BMO Global Metals, Mining & Critical Minerals Conference. Company issues targeted ongoing run rate cash unit operating cost guidance. Investors invited to participate in presentation. New slide deck released.
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Sigma Lithium Corporation receives a Letter of Intention for a project finance credit line from the Development Bank of Brazil (BNDES) to expand its Quintuple Zero Green Lithium Grota do Cirilo project in Brazil. The Company is set to increase its production capacity significantly, aiming to solidify its global industrial competitive leadership in sustainable lithium production.
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Sigma Lithium Corporation announces the completion of the loading of 22,000 tonnes of Quintuple Zero Green Lithium to Glencore at the Port of Vitoria, marking the sixth shipment of concentrate. Glencore has prepaid 50% for the shipment at a provisional premium price of 7.5% of the quoted LME/Fastmarkets lithium hydroxide price. This demonstrates the consistent performance of Sigma Lithium's Greentech Plant, achieving an annualized nameplate capacity of 270,000 tonnes of Quintuple Zero Green Lithium. The company has effectively lowered its carbon footprint with a series of pioneering initiatives, resulting in the production of Zero Net Carbon, Zero Coal Power, Zero Tailings Dams, Zero Utilization of Potable Water, and Zero Use of Hazardous Chemicals. Sigma Lithium is dedicated to powering the next generation of electric vehicles with carbon-neutral, socially, and environmentally sustainable lithium concentrate.
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Sigma Lithium announces a significant increase in its Audited NI 43-101 Mineral Resource to 109 million tonnes of measured, indicated and inferred mineral resource at its Sigma Brazil, 100% owned Grota do Cirilo operation at Vale do Jequitinhonha. The revised mineral resource estimate represents a 27% increase from the previous technical report, maintaining the high average lithium oxide grade of 1.40% Li2O. The company aims to triple production capacity of its 'Quintuple Zero Green Lithium' and has plans to further increase the mineral resource to 150Mt. The stock is listed on NASDAQ under the ticker symbol SGML.
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FAQ
What is the current stock price of Sigma Lithium Corporation Common Shares (SGML)?
The current stock price of Sigma Lithium Corporation Common Shares (SGML) is $13.78 as of November 1, 2024.
What is the market cap of Sigma Lithium Corporation Common Shares (SGML)?
The market cap of Sigma Lithium Corporation Common Shares (SGML) is approximately 1.5B.
What is Sigma Lithium Corporation?
Sigma Lithium Corporation is a global lithium producer dedicated to supplying environmentally sustainable, high-purity lithium for electric vehicle batteries.
Where is Sigma Lithium's main project located?
Sigma Lithium's main project, the Grota do Cirilo Project, is located in Brazil.
What products does Sigma Lithium produce?
Sigma Lithium produces Quintuple Zero Green Lithium concentrate, which is carbon-neutral and environmentally sustainable.
How does Sigma Lithium ensure environmental sustainability?
Sigma Lithium ensures environmental sustainability by using 100% renewable energy, 100% recycled water, and 100% dry-stacked tailings in their operations.
What recent achievement has Sigma Lithium made in conservation?
Sigma Lithium expanded the Atlantic Forest Conservation program, creating a 'Conservation Belt Against Deforestation' around the Medio Vale do Jequitinhonha region in Brazil.
What is the annual production capacity of Sigma Lithium's Phase 1 project?
The annual production capacity of Sigma Lithium’s Phase 1 project is 270,000 tonnes of lithium concentrate.
What is the significance of the Conservation Belt initiative?
The Conservation Belt initiative aims to protect tropical forests to mitigate climate change impacts and preserve biodiversity in Brazil.
Has Sigma Lithium faced any compliance issues recently?
Yes, Sigma Lithium received a letter from Nasdaq indicating non-compliance due to a delayed filing of its Form 40-F.
What financial steps has Sigma Lithium taken recently?
Sigma Lithium filed its audited consolidated financial statements for the year ended December 31, 2023, and is working to regain compliance with Nasdaq rules.
What is Sigma Lithium's impact on the local community?
Sigma Lithium has invested in social capital expenditures and created approximately 21,000 jobs through inclusion programs like microcredit and irrigation systems for family subsistence farming.
Sigma Lithium Corporation Common Shares
Nasdaq:SGML
SGML Rankings
SGML Stock Data
1.55B
110.85M
4.44%
82.58%
8.86%
Other Industrial Metals & Mining
Basic Materials
United States of America
São Paulo