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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 Corporation (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML) achieves milestone of sustaining production at 270,000 tonnes per year, commences loading 22,000 tonne shipment of sustainable lithium concentrate to Glencore at the Port of Vitoria, and receives 50% prepayment at a provisional premium price. The company fully achieves the mission of its Impact Investors at IPO and has industrialized a unique Quintuple Zero Green Lithium concentrate recognized as the most sustainable lithium in the world. Sigma Lithium is the first large-scale producer in the lithium industry to achieve carbon neutrality, zero coal power, zero tailings dams, and zero utilization of potable water. The company continues to advance its growth plans, with exploration updates expected to expand mineral resources and planned initiation of earthworks for Greentech Plant expansion.
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Sigma Lithium Corporation (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34) is continuing its Strategic Review Process into the new year, entering detailed structural negotiations with finalists. The company aims to list the shares of Sigma Brazil on both Nasdaq and Singapore Stock Exchange to maximize shareholder value. The Board remains encouraged by the direction of negotiations and is committed to maximizing value for all stakeholders, especially the communities at Vale do Jequitinhonha.
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Sigma Lithium (SGML) continues to lead the way in decarbonized sustainable supply chains for electric vehicles, as showcased at COP28 in Dubai. CEO Ana Cabral will deliver a keynote presentation on 'Decarbonizing Supply Chains and Accelerating Industrial Transition' to global and business leaders. The company has solidified its position as a producer of Triple Zero industrial lithium materials, contributing to Brazil's industrial decarbonization efforts. Sigma Lithium has also been actively engaged in critical dialogues on the decarbonization of global industrial and mineral supply chains, with seven executives nominated as representative parties to the United Nations Convention on Climate Change (UNCCC).
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Sigma Lithium Corporation (SGML) announces the commencement of loading 22,000 tonnes of Triple Zero Green Lithium to Glencore at the Port of Vitoria. Glencore will prepay 50% for the shipment at a provisional 'premium' price of 9% of the quoted LME lithium hydroxide price. Sigma Lithium's Triple Zero Green Lithium is produced with zero tailings, zero hazardous chemicals, and zero carbon, achieved through a series of pioneering initiatives. The company's Greentech Plant has demonstrated consistent performance in ramping up to achieve an annual nameplate capacity of 270,000 tonnes of 'Triple Zero Green Lithium'.
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Sigma Lithium Corporation (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34) reported third-quarter revenue of USD $97 million, marking the Company's first revenue-generating quarter as it successfully transitioned to a leading global lithium producer. The Company's low production cost, high-quality lithium concentrate, and strategic exploration programs position it as a strong contender in the electric vehicle battery market, driving significant financial margins and the ability to generate free cash flow. Sigma Lithium's Triple Zero Green Lithium concentrate and Green By-Products have achieved consistent pricing and positive results, showcasing the Company's commitment to sustainability and quality. The ongoing strategic review and planned production capacity expansion further reinforce Sigma Lithium's growth potential and market competitiveness.
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Sigma Lithium Corporation (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34) announces the filing of its Q3 2023 financial statements and MD&A, followed by an investor conference call on November 15, 2023. The company also confirms its participation in the Goldman Sachs Global Metals and Mining Conference on November 15-16, 2023.
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Sigma Lithium announces positive results from its Phase 4 Exploration Program, with an expected 25% potential increase in mineral resource estimate to 110 million tonnes. The company plans to further increase mineral resource through an Accelerated Plan, targeting former artisanal mines and additional pegmatites within its mineral concessions.
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Sigma Lithium announces that its strategic review process is advancing to a final round, with consortiums formed amongst certain strategic parties. The Company remains committed to concluding its strategic review process no later than year-end. Remaining strategic parties have 'agreed-in-principle' to preserve Sigma Lithium's environmental and social sustainability centered business model. Sigma Lithium is a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, responsibly sourced chemical grade lithium concentrate.
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Sigma Lithium Corporation announces receipt of prepayment for third shipment of Triple Zero Green Lithium from Glencore. The 50% prepayment reflects a premium pricing at a 9% provisional price of lithium hydroxide. The shipment is part of a commercial distribution and marketing agreement with Glencore to build a low carbon, sustainable global lithium supply chain for electric vehicles.
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Sigma Lithium announces the addition of Matthew DeYoe as Executive Vice President for Corporate Affairs and Strategic Development and Alexandre Mattos as Environmental Director. DeYoe joins from Bank of America, where he was the leading coverage research director for lithium and chemical companies. Mattos joins from Kinross Mineração Brazil, where he served for over 10 years.
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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