Sigma Lithium Corporation Stock Price, News & Analysis

Sigma Lithium reported substantial advancements in the construction of its Greentech Plant during Q3 2022. The company is on track to initiate commissioning of the plant by year-end 2022, aiming for commercial production in April 2023, with expected significant free cash flows soon after. Current lithium prices remain strong, evidenced by an auction fetching US$8,575 per tonne. Construction milestones reached include 99% completion of concrete works for the crushing module, 750 workers on site, and plans to increase to over 1,000. Sigma maintains C$58 million in cash as of November 2022.

Sigma Lithium has appointed Dana Perlman as its third independent director, enhancing its board with over 20 years of expertise in strategy, finance, and corporate governance. This move aligns with Sigma's commitment to diversity, as 50% of its board members are independent, and 33% are female. The company's focus on environmentally sustainable lithium production supports the electric vehicle market. Perlman’s experience includes leadership roles in major corporations and a proven track record in strategic transactions.

Sigma Lithium Corporation (NASDAQ: SGML) reported significant advancements in its Grota do Cirilo Project during the second quarter of 2022. Key achievements include doubling planned lithium production to 531,000 tonnes per year and a 50% increase in mineral resource estimate to 86 Mt with a grade of 1.43% Li2O. The environmental license was extended to allow simultaneous mining from both pits. Construction progress is at 32%, with commissioning anticipated in December 2022. The company appointed Brian Talbot as COO to enhance operational readiness.

On August 9, 2022, Sigma Lithium Corporation (NASDAQ: SGML) announced the filing of a technical report detailing a 50% increase in the mineral resource estimate for its Grota do Cirilo Project in Brazil. The total estimate rose to 85.7 million tonnes, comprised of 73.6 million tonnes of measured and indicated resources at a grade of 1.43% Li2O and 12.1 million tonnes inferred at 1.45% Li2O. This significant increase supports the company’s commitment to sustainable lithium production for electric vehicles.

Sigma Lithium Corporation (NASDAQ: SGML) has announced a 25% completion of Phase 1 construction at its Grota do Cirilo project, with a target to begin cash flow generation by December 2022. The Brazilian government has introduced the New Lithium Decree, modernizing the regulatory framework, which will enhance Brazil's competitiveness in the global lithium market. Additionally, Sigma Lithium has received an extension for its environmental licenses, facilitating simultaneous mining operations and preparing for future expansions. The company secured overwhelming support at its recent AGM.

Sigma Lithium Corporation (NASDAQ: SGML) announced a significant increase in its mineral resources for the Grota do Cirilo Project, raising the total by approximately 50% to 85.7 million tonnes. This includes 73.6 million tonnes of Measured and Indicated and 12.1 million tonnes of Inferred resources, with grades averaging 1.43% Li₂O. The latest Phase 3 assessment adds 26.8 million tonnes at a higher grade of 1.49% Li₂O, enhancing the project’s status as a leading source of sustainable lithium for the EV market. Phase 1 construction is on schedule for December 2022.

Sigma Lithium reports a positive Consolidated Technical Report for its Grota do Cirilo Project, indicating a combined after-tax NPV8% of US$5.1 billion and an IRR of 589%. The project aims to produce 531,000 tpa of Battery Grade Sustainable Lithium, positioning it as a low-cost producer at US$454/t (CIF China). Phase 1 construction remains on schedule with funding fully secured. Phase 2 is estimated at US$76 million for additional production capacity. The report projects significant cash flow with US$595 million annual free cash flow over 13 years.

Sigma Lithium Corporation (NASDAQ: SGML) has announced its Annual and Special Meeting of shareholders (AGM) set for June 30, 2022, at 11:00 a.m. ET. Co-CEO Ana Cabral-Gardner will actively participate in several key conferences, including the Itaú BBA LatAm CEO Conference on May 12, Canaccord Genuity Global Metals and Mining Conference from May 15-17, and the Bank of America Global Metals, Mining and Steel Conference from May 17-19. Important discussions at these events will focus on lithium supply and the Company’s Grota do Cirilo lithium project.

Sigma Lithium Corporation (NASDAQ: SGML) will hold its Annual and Special Meeting on June 30, 2022, at 11:00 a.m. Eastern Time, virtually. The Co-CEO, Ana Cabral-Gardner, will also engage with investors at key conferences: Itaú BBA LatAm CEO Conference (May 12), Canaccord Genuity Global Metals and Mining Conference (May 15-17), and Bank of America 2022 Global Metals, Mining and Steel Conference (May 17-19). Key discussions will focus on lithium supply and sustainable practices at their Grota do Cirilo project in Brazil, aimed at supporting electric vehicle production.