SIGMA LITHIUM HOSTED 2024 INVESTOR DAY, DETAILING A LOW CAPEX CONSTRUCTION PLAN TO TRIPLE CAPACITY TO 125,000t LCE BY END-2026; RECOGNIZED AS CLIMATE PIONEER BY NASDAQ
Sigma Lithium hosted its 2024 Investor Day, outlining plans to triple capacity to 125,000t LCE by end-2026. The company detailed a capital-efficient construction plan for two new industrial lines: a first expansion with 34,000t LCE capacity commissioning in 2025, and a phase 3 expansion with 54,000t LCE capacity commissioning in 2026.
Sigma expects to reach an adjusted cash EBITDA of $420mm by 2025 and nearly $700mm by 2027. The growth strategy leverages economies of scale, subsidized financing, and commitment to carbon neutrality. The Brazilian National Development Bank (BNDES) provided a subsidized financing commitment to support capital investments.
Sigma Lithium was recognized as a Climate Pioneer by Nasdaq during the United Nations Climate Week in New York. The company has achieved Net Zero targets 25 years ahead of the industry, demonstrating leadership in climate action for lithium and battery materials.
Sigma Lithium ha ospitato il suo Investor Day 2024, delineando piani per triplicare la capacità a 125.000t LCE entro la fine del 2026. L'azienda ha dettagliato un piano di costruzione a capitale efficiente per due nuove linee industriali: una prima espansione con una capacità di 34.000t LCE che entrerà in funzione nel 2025, e una terza fase di espansione con una capacità di 54.000t LCE che entrerà in funzione nel 2026.
Sigma prevede di raggiungere un EBITDA ajustato in contante di 420 milioni di dollari entro il 2025 e quasi 700 milioni di dollari entro il 2027. La strategia di crescita sfrutta le economie di scala, finanziamenti agevolati e un impegno per la neutralità carbonica. La Banca Nazionale di Sviluppo del Brasile (BNDES) ha fornito un impegno di finanziamento agevolato per sostenere gli investimenti di capitale.
Sigma Lithium è stata riconosciuta come un Pioniere del Clima da Nasdaq durante la Settimana del Clima delle Nazioni Unite a New York. L'azienda ha raggiunto gli obiettivi di Net Zero 25 anni prima dell'industria, dimostrando leadership nell'azione climatica per i materiali per litio e batterie.
Sigma Lithium llevó a cabo su Día del Inversor 2024, presentando planes para triplicar la capacidad a 125,000t LCE para finales de 2026. La empresa detalló un plan de construcción eficiente en capital para dos nuevas líneas industriales: una primera expansión con capacidad de 34,000t LCE que comenzará a operar en 2025, y una expansión de fase 3 con capacidad de 54,000t LCE que comenzará en 2026.
Sigma espera alcanzar un EBITDA ajustado de efectivo de 420 millones de dólares para 2025 y casi 700 millones de dólares para 2027. La estrategia de crecimiento aprovecha las economías de escala, financiamiento subsidiado y un compromiso con la neutralidad de carbono. El Banco Nacional de Desarrollo de Brasil (BNDES) proporcionó un compromiso de financiamiento subsidiado para apoyar las inversiones de capital.
Sigma Lithium fue reconocida como un Pionero Climático por Nasdaq durante la Semana del Clima de las Naciones Unidas en Nueva York. La compañía ha alcanzado los objetivos de Cero Emisiones 25 años antes que la industria, demostrando liderazgo en la acción climática para los materiales de litio y baterías.
시그마 리튬은 2024 투자자 데이를 개최하고 2026년 말까지 125,000t LCE로 용량을 세 배로 늘리겠다는 계획을 발표했습니다. 이 회사는 두 개의 새로운 산업 라인에 대한 자본 효율적인 건설 계획을 세부적으로 설명했습니다: 첫 번째 확장은 2025년에 가동될 34,000t LCE 용량을 갖추고, 세 번째 단계의 확장은 2026년에 가동될 54,000t LCE 용량을 갖추고 있습니다.
시그마는 2025년까지 조정된 현금 EBITDA가 4억 2천만 달러에 이를 것이며, 2027년까지는 거의 7억 달러에 이를 것으로 예상하고 있습니다. 성장 전략은 규모의 경제, 보조금 지원 자금 조달 및 탄소 중립에 대한 약속을 활용합니다. 브라질 국가개발은행(BNDES)은 자본 투자를 지원하기 위한 보조금 지원 자금 조달 약속을 제공했습니다.
시그마 리튬은 뉴욕에서 열린 유엔 기후주간 동안 나스닥에서 기후 개척자로 인정을 받았습니다. 이 회사는 산업보다 25년 앞서 넷 제로 목표를 달성하여 리튬 및 배터리 자재에 대한 기후 행동의 리더십을 입증하였습니다.
Sigma Lithium a organisé sa Journée des Investisseurs 2024, présentant des plans pour tripler sa capacité à 125 000t LCE d'ici fin 2026. L'entreprise a détaillé un plan de construction efficace en capital pour deux nouvelles lignes industrielles : une première expansion avec une capacité de 34 000t LCE devant être mise en service en 2025 et une troisième phase d'extension avec une capacité de 54 000t LCE devant être mise en service en 2026.
Sigma prévoit d'atteindre un EBITDA ajusté en espèces de 420 millions de dollars d'ici 2025 et près de 700 millions de dollars d'ici 2027. La stratégie de croissance tire parti des économies d'échelle, du financement subventionné et de l'engagement en faveur de la neutralité carbone. La Banque nationale de développement du Brésil (BNDES) a fourni un engagement de financement subventionné pour soutenir les investissements en capital.
Sigma Lithium a été reconnue comme un Pionnier du Climat par Nasdaq lors de la Semaine du Climat des Nations Unies à New York. L'entreprise a atteint des objectifs de Zéro Émission 25 ans avant l'industrie, démontrant un leadership en matière d'action climatique pour les matériaux de lithium et de batterie.
Sigma Lithium veranstaltete seinen Investor Day 2024 und skizzierte Pläne zur Verdopplung der Kapazität auf 125.000t LCE bis Ende 2026. Das Unternehmen erläuterte einen kapital effizienten Bauplan für zwei neue Industrieanlagen: eine erste Erweiterung mit einer Kapazität von 34.000t LCE, die 2025 in Betrieb geht, und eine dritte Erweiterung mit einer Kapazität von 54.000t LCE, die 2026 in Betrieb geht.
Sigma erwartet, bis 2025 ein bereinigtes Cash EBITDA von 420 Millionen Dollar und bis 2027 fast 700 Millionen Dollar zu erreichen. Die Wachstumsstrategie nutzt Skaleneffekte, subventionierte Finanzierungen und das Engagement für Kohlenstoffneutralität. Die brasilianische Nationalbank für Entwicklung (BNDES) stellte ein subventioniertes Finanzierungsengagement zur Unterstützung der Investitionen bereit.
Sigma Lithium wurde während der UN-Klimawoche in New York als Klimapionier von Nasdaq ausgezeichnet. Das Unternehmen hat die Netto-Null-Ziele 25 Jahre vor der Branche erreicht und damit eine Führungsrolle im Klimaschutz für Lithium- und Batteriematerialien demonstriert.
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- On 24 September, Sigma Lithium hosted its 2024 Investor Day, marking the first year of production and its record-setting ramp-up of its industrial Greentech Plant.
- The Company outlined its capital-efficient construction plans to reach approximately 125,000 t/y LCE of industrial capacity by 2026, cementing Sigma as a lasting industry leader.
- Projections are underpinned by higher production from two new industrial lines, a first production expansion with capacity of 34,000t LCE /250,000t of lithium concentrate, commissioning in 2025 and our phase 3 expansion with capacity of 54,000t LCE /400,000t of lithium concentrate commissioning in 2026.
- These two additional production lines are extensions of the current Greentech plant in operation, leveraging upon existing infrastructure installed at the Sigma Lithium industrial park.
- Growth strategy is predicated on maximizing Sigma's unique competitive cost position through economies of scale, subsidized financing, and an unwavering commitment to maintaining its carbon neutrality and social inclusion initiatives.
- Presented the expected results of capex investments already made at its Greentech plant this year to further increase production by optimizing its installed capacity. Cumulative incremental initiatives target a boost to production of >
10% .- Incorporation of a reprocessing screening circuit to monetize ~200,000t of inventoried processed ore at
1.5% Li2O, delivering ~22,000t of lithium concentrate. - Pre-screening steps to increase production yields by an additional
10% .
- Incorporation of a reprocessing screening circuit to monetize ~200,000t of inventoried processed ore at
- Leveraging this greater scale and robust margin profile, Sigma expects to reach an adjusted cash EBITDA(1) of
$420m m by 2025 and nearly$700m m by 2027 (based on the commissioned portion of the installed production capacity for each year, with price forecast based on consensus analyst estimates). - Detailed the maiden subsidized financing commitment from, and lasting financing partnership forged with, the Brazilian National Development Bank (BNDES) to support the Company's capital investments to industrialize carbon neutral lithium materials in
Brazil .- Provided a long-term financial plan based on a strengthened balance sheet, with attractive additional low-interest funding alternatives to provide flexibility in current market conditions.
- Industrial processing growth is supported by the Company's large mineral reserves and resources, comprising the world's fifth largest mineral industrial complex in operations.
- Sigma's low-cost operational mining opportunities include an extension to mine 2, creating a large, 45mmt, mining pit, and the joint development of mines 3 and 4 to create a substantial consolidated 60mmt mining site.
UNITED NATIONS CLIMATE WEEK IN
- Sigma Lithium was once again invited by Nasdaq to ring the closing bell during the opening day of United Nations Climate Week in
New York on September 23.- Nasdaq recognized the Company for reaching its Net Zero targets, 25 years ahead of the industry, demonstrating its pioneer climate action leadership in lithium and battery materials.
- Sigma Lithium CEO was invited to participate in the "Building the Future Summit" in recognition of the Company's net zero achievement and longstanding commitment to sustainability.
- The Company's climate leadership was demonstrated by the participation of its senior executives in several key events including the United Nations Energy Commission's SDG7 Summit, The United Nation Global Pact for Humanity,
Columbia University's Brazil Climate Conference, Financial Times Climate Summit, and the World Climate Summit (previewing "InvestmentCOP29 ")
SÃO PAULO, Sept. 27, 2024 /PRNewswire/ -- Sigma Lithium Corporation ("Sigma Lithium" or the "Company") (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML), a leading global lithium producer dedicated to powering the next generation of electric vehicles with socially and environmentally sustainable lithium concentrate, presented its strategic vision at its 2024 Investor Day held at Nasdaq. The Investor Day Company detailed its path to significant volume growth and value creation by reinforcing its operational capabilities and expanding on the merits of its low cost and capital efficient growth profile.
CEO and Co-Chairperson Ana Cabral notes: "We are in a very advantageous competitive position: Sigma Lithium is the industry's third lowest-cost lithium concentrate producer, benefiting from processing ingenuity and a low-cost operational jurisdiction. We are building another carbon neutral Greentech lithium plant in
She continued, "Our financial resilience is supported by Sigma Lithium's positioning in the most profitable segment of the lithium supply chain, away from the fierce competition and capital-intensive downstream lithium chemicals. All the while, our Greentech plant produces metallurgically superior lithium materials, enabling us to maximize the "value in use" of each unit of lithium we deliver to customers."
"Getting here was the result of relentless dedication of our team over the last two years, building the Greentech plant and delivering the production ramp up. Therefore, the main hurdles have been crossed, and executing on this growth is "replicating the same strategy", with our highly experienced team in place. We are very enthusiastic about the many opportunities ahead for Sigma Lithium," she concluded.
Volume growth predicated on low-risk investments
With Sigma's phase 1 commissioning and commercial ramp up complete, the Company outlined brownfield investments to debottleneck production volumes. This includes steps to improve ultrafines processing and allow for reprocessing of nearly 200,000t of
On a larger scale, Sigma Lithium laid out its plans to more than triple its current 37,000 tonnes of lithium carbonate equivalent (LCE) production by the end of 2026 following the construction of its phase 2 and 3 expansions. For the Phase 2 project, which is under construction now, the Company is targeting 250,000 tonnes of lithium concentrate capacity, or 34,000 tonnes of LCE. Its larger phase 3 expansion is expected to add 400,000 tonnes to headline concentrate capacity, or 54,000t LCE. These growth projects utilize nearly identical processing flowsheets as the first phase and will benefit from the existing infrastructure at Sigma. All in, Sigma Lithium expects to lift its total production volume to 920,000 tonnes of concentrate, or 125,000t LCE, by 2027. At this scale, Sigma would improve its standing as a leading producer of lithium materials.
The Company has significantly derisked its business profile over the past 12 months by proving its dense media separation (DMS) process, establishing its incredibly reliable shipment schedule, and demonstrating a highly attractive operating and capital cost model. This leaves the Company in an excellent position to execute against these next growth projects.
In addition to the phased buildout of its integrated Greentech complex, the Company continues to explore entry into the lithium sulfate intermediates market by 2027. Through lithium sulfate production, Sigma Lithium seeks to become the linchpin in a new global battery materials chain that is zero carbon, capital efficient, and reduces dependence on
Growth leverages the benefits of scale and supports robust earnings growth profile
As the Company commissions additional capacity, it expects to benefit from significant cost leverage through its on and off-site fixed-overhead and G&A expenses. When using the prevailing consensus sell-side estimates for lithium concentrate price, the model supports robust earnings and margin expansion. Based on our current forecast, the combination of volume growth and this price deck drives an adjusted cash EBITDA for Sigma of
Attractive financing in place to support these initiatives
Supporting this growth profile is the recent commitment by the BNDES for a BRL487mm development loan to fully fund the construction of Sigma's phase 2 Greentech plant. The loan carries a sub-treasury interest rate of
The development bank commitment is more than just a loan package; it is an opportunity to partner with the BNDES over time. Sigma has the opportunity, should it choose, to tap these capital pools again to help finance its phase 3 and downstream initiatives. With greater scale and lower costs, the Company expects to rapidly de-lever its balance sheet, freeing up room for the additional subsidized leverage to fund the successive buildouts.
Investments to increase production are supported by comprehensive mine plan
Supporting this wave of expansion is 110Mt of audited mineral resources and what the Company and its external auditors believe is a balance in excess of 150Mt considering its target pipeline and known pegmatite formations.
This resource represents more than just tonnage, but also optionality in the Company's mine plan. Given investments made in the mine, Sigma preserves the option to commission its Phase 2 asset with ore from the Xuxa mine, its upcoming Barreiro mine or a mix of both. At this point, the most likely strategy will be to utilize Xuxa, as the geology and minerology are known and best mining practices are used. This will also allow for optimal DMS commissioning for its Phase 2 operations and a deferred capex outlay to pre-strip the second mine.
Over time, the geology team will work to build density among the core resource portfolio. Targeted drilling initiatives show extensions to the phase 2 Barreiro mine, which could take the contained resource to 45mm tonnes, up from 29mm tonnes currently. Co-development of the phase 3 and 4 mines would similarly provide room for site scale at 60mm tonnes of combined resource.
Event Replay Information
A full replay of the Sigma Lithium 2024 Investor Day is available on the Company's investor relations webpage. For further information and access to the webcast replay and supporting materials, please visit https://ir.sigmalithiumresources.com/
Qualified Persons Disclaim
Other disclosures in this news release of a scientific or technical nature at the Grota do Cirilo Project have been reviewed and approved by Iran Zan AusimM (Membership number FAusIMM (329132)), who is considered, by virtue of his education, experience and professional association, a Qualified Person under the terms of NI 43-101. Mr. Zan is not considered independent under NI 43-101 as he is Sigma Lithium co-Head of Geology and co-General Manager of Sigma Lithium. Mr. Zan has verified the technical data disclosed in this news release not related to the current Mineral Resource estimate disclosed herein.
ABOUT SIGMA LITHIUM
Sigma Lithium (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34) is a leading global lithium producer dedicated to powering the next generation of electric vehicle batteries with carbon neutral, socially and environmentally sustainable chemical-grade lithium concentrate.
Sigma Lithium is one of the world's largest lithium producers. The Company operates at the forefront of environmental and social sustainability in the EV battery materials supply chain at its Grota do Cirilo Operation in
Phase 1 of the Company's operations entered commercial production in the second quarter of 2023. The Company has issued a Final Investment Decision, formally approving construction to double capacity to 520,000 tonnes of concentrate through the addition of a Phase 2 expansion of its Greentech Plant.
Please refer to the Company's National Instrument 43-101 technical report titled "Grota do Cirilo Lithium Project Araçuaí and Itinga Regions,
For more information about Sigma Lithium, visit https://www.sigmalithiumresources.com/
Sigma Lithium
LinkedIn: Sigma Lithium
Instagram: @sigmalithium
Twitter: @SigmaLithium
FORWARD-LOOKING STATEMENTS
This news release includes certain "forward-looking information" under applicable Canadian and
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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