Welcome to our dedicated page for SGMLF news (Ticker: SGMLF), a resource for investors and traders seeking the latest updates and insights on SGMLF stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SGMLF's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SGMLF's position in the market.
Sigma Lithium Corporation (OTC-QB: SGMLF) announced its upcoming dual-listing on NASDAQ to enhance access to U.S. capital markets. The company is set to present at the United Nations High-Level Dialogue on Energy on September 24, 2021, aligning its operations with international climate goals by targeting net-zero carbon emissions by 2024. Sigma also confirmed progress towards its Phase 1 lithium production in Brazil, with pre-construction activities on schedule and within budget. An investor video conference is scheduled for September 8, 2021, to discuss these developments.
Sigma Lithium Corporation (OTCQB: SGMLF) has filed its PEA Phase 2 Technical Report for the Grota do Cirilo Lithium Project in Brazil. The report, detailing feasibility studies, follows the preliminary economic analysis disclosed on June 2, 2021. This extensive document was prepared by reputable firms such as Primero Group and SGS Geological Services. Investors can access the full report on Sigma's profile at www.sedar.com or its official website.
Sigma Lithium Resources Corporation held its Annual and Special Meeting of Shareholders on June 29, 2021, with 66,294,574 shares voted, representing 75.91% of outstanding common shares. Key outcomes include:
- Election of Directors: All directors elected with over 94% votes for.
- Appointment of Auditors: KMPG LLP appointed unanimously.
- Name Change: Approved to change to Sigma Lithium Corporation.
- Share Consolidation: Approved consolidation of shares at a 1:10 ratio.
Further details are available on the Company’s website.
Sigma Lithium has commenced significant earthworks for Phase 1 of the Grota do Cirilo lithium project in Brazil, following a visit from Minas Gerais Governor Romeu Zema. The project aims to create 400 direct jobs, with an estimated 6,000 indirect jobs. Sigma has engaged Brazilian firm Promon for construction and plans to produce 220,000 tonnes of lithium concentrate annually starting Q3 2022. Additionally, Sigma is committed to environmental initiatives, including donating 150 hectares to create a state park and establishing an Independent Development Agency for regional economic growth.
Sigma Lithium Resources Corporation has announced a significant expansion of its Grota do Cirilo Project, aiming to double its near-term production capacity of battery-grade high-purity green lithium from 220,000 tpa to 440,000 tpa. The Phase 2 expansion is projected to increase the project's net present value (NPV) to US$844 million. Initial capital expenditures are estimated at US$44.5 million, with anticipated net revenue of US$2.1 billion over a projected 13-year lifespan. The company is strategically positioned to meet growing demand in the electric vehicle supply chain.
Sigma Lithium Resources announced the completion of pre-construction activities for its Grota do Cirilo Project, maintaining COVID-19 protocols. Phase 1 production of 220,000 tons per annum is expected by Summer 2022, while a pre-feasibility study for a Phase 2 expansion is due in June 2021. The company has C$46.3 million in cash, sufficient for ongoing operations. Sigma is committed to achieving net-zero carbon emissions by 2023 and has initiated significant ESG efforts, including the distribution of meals and sanitizers during the pandemic.
Sigma Lithium Resources Corporation (SGMLF) announced the successful closing of an upsized private placement, issuing 9,545,455 shares at C$4.40 each, garnering gross proceeds of C$42.0 million. The offering was oversubscribed, primarily from existing ESG-focused institutional investors. The funds will be allocated to advance Phase 2 of the Grota do Cirilo Project and enhance financial flexibility during Phase 1 construction. The offering remains subject to TSXV approval, and all issued securities are subject to a statutory hold period.
Sigma Lithium Resources Corporation (SGMLF) announced a 40% increase in its non-brokered private placement, now offering up to 9,545,455 common shares at C$4.40 each, raising gross proceeds of up to C$42 million. The offering attracted strong interest from institutional investors focused on ESG and sustainability, resulting in significant oversubscription. The funds will enhance Sigma's financial flexibility ahead of Phase 1 construction of its Grota do Cirilo lithium project in Brazil. The closing of the offering is expected around February 10, 2021, pending TSX Venture Exchange approval.
