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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 announces the completion of the third shipment of Triple Zero Green Lithium
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Sigma Lithium CEO Ana Cabral named 'Mining Person of the Year' for 2022
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Sigma Lithium promotes three senior leaders to co-General Managers
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Sigma Lithium's Greentech Plant achieves record daily peak production of 890 tonnes of Triple Zero Green Lithium, on track to achieve annual 2023 production guidance of 130,000 tonnes. Exceeds design utilization rate of 85%, running at 88%. Throughput evolved to 100% design capacity. Greentech Plant minimizes risk of water and soil contamination. High adherence to reserve reconciliation. Achievement due to dedication and commitment of on-site team.
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Sigma Lithium denies inaccurate media reports regarding transfer of Exploration Sub-Plots by RIX to Sigma Brazil. Brazilian Courts authorized transfer without cost. Compensation for RIX shareholders is internal matter. Expansion plans proceeding as planned.
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Sigma Lithium celebrates sustainability achievements by ringing Nasdaq opening bell during NYC Climate Week.
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Sigma Lithium completes trucking of 22,500 tonnes of Triple Zero Green Lithium to be shipped to Glencore, receives 50% prepayment at 9% premium pricing. Greentech Plant on track to produce 130,000 tonnes of Triple Zero Green Lithium in 2023.
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Sigma Lithium and Sigma Brazil are evaluating potential strategic alternatives for the Companies. They have received multiple proposals from potential strategic partners in the energy, auto, batteries, and lithium refining industries. Sigma Brazil is the only global producer of Triple Zero Green Lithium. The decision regarding the strategic path will be made by a shareholders' meeting of Sigma Lithium. The Companies' Triple Zero Green Lithium and environmental expertise are significant competitive advantages. The Strategic Process is expected to be concluded this year.
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Sigma Lithium successfully completes second shipment targets on schedule, reaffirms production outlook, and closes new credit facility with Santander. The company delivered its first shipment of Triple Zero Green Lithium and Green By-Products, achieving net zero carbon 27 years ahead of industry target. Upcoming shipments planned for September. Financially, Sigma Lithium closed a $10 million credit facility and expects positive operating profit in Q3 2023.
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Sigma Lithium achieves production targets, plans upcoming shipments, and files Q1 23' financial statements. The company continues to focus on sustainability initiatives and upgrades senior leadership. The operational update highlights the successful ramp-up of production and record daily production of Triple Zero Green Lithium. The ESG update showcases the company's commitment to social and environmental responsibility. The financials update includes the appointment of a new CFO and a credit facility agreement with Tatooine Investimentos.
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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