Welcome to our dedicated page for Sigma Lithium Corporation news (Ticker: SGML), a resource for investors and traders seeking the latest updates and insights on Sigma Lithium Corporation stock.
Sigma Lithium Corporation (SGML) delivers essential updates from its pioneering sustainable lithium operations in Brazil. This dedicated news hub provides investors and industry stakeholders with verified information about production milestones, environmental initiatives, and strategic developments at the Grota do Cirilo project.
Access timely announcements covering quarterly results, processing innovations, and supply chain partnerships that position Sigma Lithium as a leader in eco-friendly battery materials. Our curated collection includes press releases detailing the company’s Quintuple Zero Green Lithium production, operational efficiency improvements, and commercial agreements with global EV manufacturers.
Key focus areas include updates on the Greentech Industrial Plant’s output, advancements in dense media separation technology, and progress toward carbon-neutral lithium concentrate production. Subscribers and analysts will find authoritative reporting on resource management practices and market expansion strategies.
Bookmark this page for direct access to Sigma Lithium’s official communications, including regulatory filings and sustainability reports. For those monitoring the EV battery materials sector, this resource offers critical insights into one of the industry’s most environmentally progressive lithium producers.
In Q1 2024, Sigma Lithium (SGML) reported a 25% price increase for its May shipment to $1,290/t. Revenues from Q1 sales of Quintuple Zero High Purity Lithium Concentrate reached $49.1 million, with sales volumes totaling 52,857/t and production volumes at 54,168/t. The company achieved a 16% reduction in cash costs from Q4 2023, with FOB cash costs at $462/t and plant gate costs averaging $397/t. Pro forma EBITDA margin stood at 35.3%, with a reported adjusted EBITDA of $5.9 million. Sigma's Board has approved the construction of a second Greentech Industrial Plant to boost production capacity to 520,000/t annually. The operational life at Grota do Cirilo has been extended to 25 years, and proven and probable reserves increased by 40% to 77 million tonnes.
Sigma Lithium (NASDAQ: SGML), a top global lithium producer, will release its Q1 2024 financial results on May 16, 2024, before market open. The company focuses on providing carbon-neutral, socially and environmentally sustainable lithium concentrate for electric vehicles. An investor conference call is scheduled for the same day at 12:00 p.m. ET. The results, investor presentation, and quarterly filings will be accessible through Sigma Lithium’s investor relations website. A webcast replay will be available after the event.
Sigma Lithium has increased its Proven and Probable Reserve balance by 40% to 77.0 million tonnes, extending its operations to 25 years. This increase allows for continued low-cost lithium production growth, supporting new processing facilities or a longer operating life. The increased mineral Reserves are feasible through open pit mining operations, maintaining a low operating cost model. Sigma Lithium continues to convert Resources into Reserves over time, demonstrating a commitment to invest in Brazil's lithium production. This significant update reflects the Company's dedication to sustainable and environmentally friendly lithium concentrate production.
Sigma Lithium, a global lithium producer, filed its full year 2023 financial statements and MD&A on April 30, 2024. The audited numbers confirmed the initial results filed on April 1, 2024. No significant changes were made from the initial results. The filings are available on SEDAR, EDGAR, and the Company's website.
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