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.
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.
Sigma Lithium has updated its Phase 1 Feasibility Study, projecting a production capacity of 230,000 tpa of Battery Grade Sustainable Lithium with an after-tax NPV of US$1.6 billion, a 424% IRR, and a rapid 4-month payback period. The company has also reported a potential to increase production to 265,000 tpa, indicating strong market alignment. Additionally, mineral resources have increased to 58.9Mt, with a significant boost in Phase 2 reserves. Updated Phase 1 CAPEX stands at US$123.1 million, showcasing a robust financial outlook for sustainable lithium production.
Sigma Lithium Corporation (NASDAQ: SGML) has rescheduled its fourth quarter financial results conference call to April 11, 2022, at 11 AM (EST). During the call, senior management will present updates followed by a Q&A session. The company focuses on supplying high-purity lithium for electric vehicle batteries, operating the Grota do Cirilo Project in Brazil, which utilizes 100% renewable energy and is one of the largest lithium spodumene deposits in the Americas. Sigma aims for net-zero emissions by 2024 while adhering to strong ESG practices.
Sigma Lithium (NASDAQ: SGML) announced significant progress in 2021, completing all foundation earthworks for its Phase 1 Production Plant on schedule and budget. Forecasted to begin commissioning by the end of 2022, the plant aims to produce 230,000 tpa of Battery-Grade Sustainable Lithium. The company raised C$137 million in December 2021 and is fully equity-funded. A binding offtake agreement with LG Energy Solution has been secured for up to 100,000 tpa. Sigma emphasizes its ESG commitment, aiming for sustainable lithium production in Brazil.
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