속보 • May 24
Sigma Lithium Faces Legal Scrutiny and Misinformation Claims as Expansion Funding Secured Sigma Lithium is appealing a Brazilian court ruling that could require its subsidiary to post up to US$10 million as collateral over alleged environmental harm at the Grota do Cirilo project.
The company says Brazilian authorities recently confirmed compliance with environmental rules after inspections and links a roughly 15% share price drop to an online “fake news” campaign that it claims hurt sentiment despite record Q1 earnings.
Pomerantz LLP has opened an investigation into possible securities law violations, while earlier in the year Bank of America downgraded the stock, citing operational and liquidity concerns.
Separately, Sigma Lithium secured a US$100 million collateralized bank guarantee from a major Brazilian bank to fund its Greentech Industrial Plant 2, which is intended to double annual lithium production capacity and is tied to demand from the EV sector.
The mix of environmental litigation, misinformation claims and a securities investigation on one side, and new project financing and capacity expansion on the other, leaves a complex risk-reward profile for the stock.
When assessing Sigma Lithium, you may want to weigh the potential impact of prolonged legal processes and regulatory scrutiny against the company’s ability to execute on its funded growth plans. Reported Earnings • May 18
First quarter 2026 earnings released: EPS: US$0.10 (vs US$0.042 in 1Q 2025) First quarter 2026 results: EPS: US$0.10 (up from US$0.042 in 1Q 2025). Revenue: US$42.3m (down 11% from 1Q 2025). Net income: US$11.1m (up 135% from 1Q 2025). Profit margin: 26% (up from 9.9% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Price Target Changed • May 11
Price target increased by 9.2% to US$18.75 Up from US$17.17, the current price target is an average from 2 analysts. New target price is 7.6% below last closing price of US$20.30. Stock is up 173% over the past year. The company posted a net loss per share of US$0.45 last year. 공시 • Mar 05
Sigma Lithium Corporation to Report Q4, 2025 Results on Mar 30, 2026 Sigma Lithium Corporation announced that they will report Q4, 2025 results Pre-Market on Mar 30, 2026 공시 • Feb 04
Sigma Lithium Highlights the Issuance of an Official Technical Statement Declaring the Safety of Its Waste Piles by Brazil's National Mining Agency Sigma Lithium Corporation highlights the issuance of a publicly disseminated official technical statement ("Statement") by Brazil's mining industry regulator, Agencia Nacional de Mineracao ("ANM" or "Mining Regulator"), explicitly attesting the safety of Sigma Lithium's waste piles. The Statement was issued following the abovementioned inspections of Sigma Lithium's mining operations by the Mining egulator on January 20. The swift action by the Mining Regulator to conduct the inspections and issue a technical opinion regarding the Company's waste piles underscores the official effort by the Government of Brazil to protect the legal security and certainty for companies with mining activities in the country, underscoring the strong governance of the industry in Brazil. The Statement dispelled false information with respect to the Company's waste piles disseminated illegally in a negative media campaign against Sigma Lithium, which included the falsification of a Brazilian government web domain as well as Brazilian government communications (through phishing, using false domains versus the official ".gov.br"). As stated in a press release issued by Sigma Lithium on January 23, the Company's management does not consider that the ongoing administrative enquiry with respect to certain of the Company's waste piles ("Enquiry") by the Brazilian Ministry of Labor and Employment ("Ministry") has a material effect on Sigma Lithium's capacity to continue to execute its mining activities underway. Therefore, the Company's management considered the Enquiry as not constituting material information when it was initiated last year, and this remains the case. In December 2025, the Ministry conducted a regular safety and health inspection at Sigma Lithium, when it had the opportunity to verify the Company's impeccable safety records, with over 2 years without labor accidents with lost time. Following the visit, the Ministry opened the Enquiry. The issuance of the Statement by the Mining Regulator, which unequivocally confirms the safety of Sigma Lithium's waste piles, subsidizes the interactions of the Company with the Ministry with respect to the Enquiry. Sigma Lithium has maintained continuous dialogue and collaboration with the Ministry, providing all the necessary documents, technical reports, data collection sources and other requested information, demonstrating the full compliance of its operations with applicable rules and regulations. Sigma Lithium believes that the timely involvement of the Mining Regulator supports the Company's clarification to the Ministry that its "waste piles" are, in fact, hard schist rock mined from the pits and are a common feature of most base metals' operations with host mineral rocks and contact zones. These hard rock piles have been routinely confused with "tailings piles" of lithium fines, which are less common in lithium operations globally, as few companies have deployed Sigma Lithium's green technology for dry stacking (not utilizing dams). The Company has been able to sell and generate substantial demand for these dry stacked lithium fines because their lithium crystal particles are kept intact after processing by Sigma Lithium's Greentech Industrial Plant. These sales proceeds are an "environmental bonus" that is being reinvested in the operations of the Company, resulting from its clean Dense Media Separation technology that does not utilize chemical reagents to segregate the lithium crystal particles from its host rock to produce lithium oxide concentrate. The overall disinformation in the marketplace about the Enquiry and Company's "piles" has created significant volatility in Sigma Lithium's share price and, in the Company's opinion, it is very clearly the result of an ongoing well-orchestrated and well-funded defamatory campaign to confuse market participants, including investors, banks, newswires and even renowned expert opinion makers, such as research analysts at Bank of America, a thought-leader global financial institution (that has historically provided strategic advice to Sigma Lithium). The Company is in close contact with the appropriate authorities, including FINRA (US Securities and Exchange Commission), regarding these events. 공시 • Jan 23
Sigma Lithium Corporation Announces the Sale of an Additional 100,000 Tonnes of High Purity Lithium Fines Sigma Lithium Corporation announced the sale of an additional 100,000 tonnes of high purity lithium fines. Sigma Lithium reiterates that the remobilization of the contractor for equipment and personnel at the site of its mine is proceeding as planned and is expected to conclude in January 2026. The Company vigorously denied as "fake news" the inaccurate recent media reports that incorrectly denominated as an "operational injunction" an administrative process initiated by the Ministry of Labor and Employment. Sigma Lithium also states as categorically incorrect the media reports speculating about the status of the safety of its waste piles because of this administrative process, which does not represent a material event. The Company concluded the sale of 100,000 tonnes of high quality lithium fines stored at the Port of Vitoria at market prices (based on Shanghai Metals Market "SMM" index). The price was equivalent to an adjusted net final price of USD 140/t for 1% of lithium oxide content (currently priced by SMM at USD 195/t for 1.35%). The Company is now constructing a second plant to double its production capacity. Recent Insider Transactions • Nov 26
Co-Chairperson recently sold US$3.9m worth of stock On the 21st of November, Marcelo Freire de Paiva sold around 395k shares on-market at roughly US$9.84 per share. This transaction amounted to 56% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Marcelo has been a net seller over the last 12 months, reducing personal holdings by US$4.0m. Breakeven Date Change • Nov 24
Forecast to breakeven in 2026 The 4 analysts covering Sigma Lithium expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 33% to 2025. The company is expected to make a profit of US$51.5m in 2026. Average annual earnings growth of 194% is required to achieve expected profit on schedule. Reported Earnings • Nov 20
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: US$0.10 loss per share (improved from US$0.23 loss in 3Q 2024). Revenue: US$28.5m (up 37% from 3Q 2024). Net loss: US$11.6m (loss narrowed 54% from 3Q 2024). Revenue missed analyst estimates by 42%. Earnings per share (EPS) exceeded analyst estimates by 41%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. New Risk • Nov 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$30m net loss next year). Significant insider selling over the past 3 months (US$134k sold). Major Estimate Revision • Nov 17
Consensus revenue estimates decrease by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$228.7m to US$201.9m. EPS estimate unchanged from -US$0.50 per share at last update. Metals and Mining industry in the US expected to see average net income growth of 49% next year. Consensus price target of US$8.50 unchanged from last update. Share price was steady at US$6.06 over the past week. Buy Or Sell Opportunity • Nov 03
Now 26% undervalued Over the last 90 days, the stock has risen 5.2% to US$5.36. The fair value is estimated to be US$7.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 74% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 58% in a year. Earnings are forecast to grow by 38% in the next year. Major Estimate Revision • Oct 15
Consensus EPS estimates fall by 59% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$254.4m to US$243.8m. Losses expected to increase from US$0.31 per share to US$0.49. Metals and Mining industry in the US expected to see average net income growth of 45% next year. Consensus price target down from US$12.00 to US$11.00. Share price fell 5.5% to US$6.64 over the past week. 공시 • Oct 06
Sigma Lithium Corporation Upgrades Mining Operations Targeting Higher Efficiency Sigma Lithium announced that the Company is upgrading its mining operations to increase its efficiency and competitiveness: mining operations are responsible for over 66% of Sigma Lithium´s "plant gate costs", while industrial operations represent just 33% (one of the most efficient in the lithium industry). The upgrade is part of a comprehensive review of mining operations that commenced after significant improvements were executed in the Greentech industrial plant in 4Q24. The improvements increased the plant's recovery rates and demonstrated that it would be possible to further unlock production capacity if the plant operated at a constant rate. This operational cadency could be achieved by reducing the fluctuations in the rate of delivery of fresh ore from the mining operations. Improved ore cadence is now expected to increase production at the industrial Greentech plant, while decreasing overall plant gate costs by approximately 20%. The execution of the upgrade, which will include a change in suppliers, was initially planned for Phase 2, but the Company decided that it should be started earlier, during 3Q25, in response to the decline in lithium prices from April to August 2025 and to extend Sigma Lithium's stellar health and safety standards to the mining operations. The Company aims to bridge the gap between the safety record of the mining operations and that of the industrial Greentech plant, which is excellent and one of the factors that determine Sigma Lithium´s leadership in sustainability. At the end of the second quarter of 2025, the industrial Greentech plant accumulated more than 2 years (735 days) without Lost Time Injury (LTI) and zero fatalities, positioning it amongst the safest operations according to the International Council of Metals and Mining (ICMM). As part of the upgrade, Sigma Lithium will be replacing its mining equipment. A demobilization was started last week, and a re-mobilization is planned to commence this week, when the new supplier is expected to promptly restart activities. The amount of downtime required for the switch and the resulting loss of production is being kept to a minimum, while the targeted efficiency gains are on track to being achieved: mining equipment is being modernized with an increase in the size of mining trucks, which will enable a decline in the size of the overall fleet and a reduction of traffic at the mine, enhancing mine safety. In addition to raising production capacity, the upgrade should prepare Sigma Lithium´s mine to feed a second Greentech plant more rapidly by improving mine geometry, which will help the Company deliver its planned capacity expansion scheduled to come onstream in 2026. Recent Insider Transactions • Oct 02
Co-Chairperson recently sold US$134k worth of stock On the 29th of September, Marcelo Freire de Paiva sold around 26k shares on-market at roughly US$5.17 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Marcelo's only on-market trade for the last 12 months. 공시 • Oct 02
Sigma Lithium Corporation to Report Q3, 2025 Results on Nov 14, 2025 Sigma Lithium Corporation announced that they will report Q3, 2025 results Pre-Market on Nov 14, 2025 Buy Or Sell Opportunity • Sep 10
Now 22% undervalued Over the last 90 days, the stock has risen 6.2% to US$5.81. The fair value is estimated to be US$7.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 74% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 79% in a year. Earnings are forecast to grow by 89% in the next year. Buy Or Sell Opportunity • Aug 20
Now 24% undervalued The stock has been flat over the last 90 days, currently trading at US$5.94. The fair value is estimated to be US$7.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 74% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 15
Second quarter 2025 earnings released: US$0.17 loss per share (vs US$0.098 loss in 2Q 2024) Second quarter 2025 results: US$0.17 loss per share (further deteriorated from US$0.098 loss in 2Q 2024). Revenue: US$16.9m (down 63% from 2Q 2024). Net loss: US$18.9m (loss widened 74% from 2Q 2024). Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. 공시 • Aug 08
Sigma Lithium Corporation to Report Q2, 2025 Results on Aug 14, 2025 Sigma Lithium Corporation announced that they will report Q2, 2025 results at 4:00 PM, US Eastern Standard Time on Aug 14, 2025 New Risk • Jul 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$40m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$40m free cash flow). Earnings have declined by 29% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Jun 07
New major risk - Revenue and earnings growth Earnings have declined by 29% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$40m free cash flow). Earnings have declined by 29% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-CA$40m free cash flow). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Buy Or Sell Opportunity • May 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 46% to US$5.99. The fair value is estimated to be US$7.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 91% over the last 3 years. Earnings per share has grown by 22%. Reported Earnings • May 15
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: CA$0.042 (up from CA$0.085 loss in 1Q 2024). Revenue: CA$47.7m (down 5.4% from 1Q 2024). Net income: CA$4.73m (up CA$14.1m from 1Q 2024). Profit margin: 9.9% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 30%. Earnings per share (EPS) exceeded analyst estimates by 186%. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. 공시 • May 07
Sigma Lithium Corporation, Annual General Meeting, Jun 30, 2025 Sigma Lithium Corporation, Annual General Meeting, Jun 30, 2025. 공시 • Apr 29
Sigma Lithium Corporation to Report Q1, 2025 Results on May 14, 2025 Sigma Lithium Corporation announced that they will report Q1, 2025 results After-Market on May 14, 2025 Buy Or Sell Opportunity • Apr 24
Now 23% overvalued Over the last 90 days, the stock has fallen 26% to US$8.26. The fair value is estimated to be US$6.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 106% over the last 3 years. Earnings per share has grown by 13%. Price Target Changed • Apr 15
Price target decreased by 8.3% to US$16.50 Down from US$18.00, the current price target is an average from 2 analysts. New target price is 105% above last closing price of US$8.03. Stock is down 41% over the past year. The company is forecast to post earnings per share of CA$0.056 next year compared to a net loss per share of CA$0.63 last year. Buy Or Sell Opportunity • Apr 09
Now 29% overvalued Over the last 90 days, the stock has fallen 31% to US$8.60. The fair value is estimated to be US$6.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 106% over the last 3 years. Earnings per share has grown by 13%. Reported Earnings • Mar 31
Full year 2024 earnings released Full year 2024 results: Net income: (up CA$38.2m from FY 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. 공시 • Mar 14
Sigma Lithium Corporation to Report Fiscal Year 2024 Results on Mar 31, 2025 Sigma Lithium Corporation announced that they will report fiscal year 2024 results Pre-Market on Mar 31, 2025 Major Estimate Revision • Mar 04
Consensus EPS estimates upgraded to CA$0.47 loss, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CA$234.0m to CA$223.1m. 2024 losses expected to reduce from -CA$0.547 to -CA$0.475 per share. Metals and Mining industry in the US expected to see average net income growth of 34% next year. Consensus price target of US$17.00 unchanged from last update. Share price fell 3.7% to US$11.27 over the past week. 공시 • Feb 24
Sigma Lithium Corporation Advances Construction to Double Capacity Sigma Lithium Corporation provided an update on its advancement of the construction of its second Greentech industrial plant to double its production capacity of lithium oxide concentrate. The Company's Co-Chairperson and CEO, Ana Cabral, will present at the BMO Global Metals, Mining & Critical Minerals Conference on February 25, 2025, at 9:00 am ET. The presentation will be webcast live at this link and will include the following disclosure of the Company's expected financial and operational metrics for the fourth quarter and full year of 2024, production volumes outlook for 2025-2026 period, and cost guidance for the full year 2025. Major Estimate Revision • Jan 15
Consensus EPS estimates fall by 12%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CA$228.5m to CA$233.7m. Forecast EPS reduced from -CA$0.488 to -CA$0.546 per share. Metals and Mining industry in the US expected to see average net income growth of 51% next year. Consensus price target down from US$22.50 to US$18.00. Share price fell 2.3% to US$12.16 over the past week. New Risk • Jan 14
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: CA$71m Forecast net loss in 1 year: CA$14m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Price Target Changed • Jan 14
Price target decreased by 23% to US$18.00 Down from US$23.50, the current price target is an average from 2 analysts. New target price is 50% above last closing price of US$11.98. Stock is down 55% over the past year. The company is forecast to post a net loss per share of CA$0.55 next year compared to a net loss per share of CA$0.35 last year. 공시 • Dec 31
Sigma Lithium Corporation Provides Production Guidance for the Year 2025 Sigma Lithium Corporation provided production guidance for the year 2025. The company to exceed its 2025 production target of 270,000 tonnes. New Risk • Nov 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. 공시 • Nov 21
Sigma Lithium Corporation Provides Production Guidance for the Fourth Quarter 2024 Sigma Lithium Corporation provided production guidance for the fourth quarter 2024. For the quarter, the Company production and sales volumes of at least 60,000t. Breakeven Date Change • Nov 18
Forecast to breakeven in 2025 The 4 analysts covering Sigma Lithium expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CA$91.2m in 2025. Average annual earnings growth of 187% is required to achieve expected profit on schedule. 공시 • Nov 14
Sigma Lithium Corporation to Report Q3, 2024 Results on Nov 15, 2024 Sigma Lithium Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 15, 2024 Major Estimate Revision • Oct 17
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -CA$0.069 to -CA$0.083 per share. Revenue forecast unchanged at CA$262.0m. Metals and Mining industry in the US expected to see average net income growth of 32% next year. Consensus price target of US$23.50 unchanged from last update. Share price was steady at US$13.57 over the past week. Major Estimate Revision • Oct 01
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$268.0m to CA$260.6m. Now expected to report a loss of CA$0.068 per share instead of CA$0.027 per share profit previously forecast. Metals and Mining industry in the US expected to see average net income growth of 33% next year. Consensus price target of US$23.50 unchanged from last update. Share price rose 5.7% to US$13.20 over the past week. Recent Insider Transactions • Aug 21
Corporate Director recently sold US$177k worth of stock On the 16th of August, Bechara Azar sold around 19k shares on-market at roughly US$9.31 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Aug 18
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). High level of non-cash earnings (24% accrual ratio). 공시 • Aug 16
Sigma Lithium Corporation Provides Production Guidance for the Third Quarter of 2024 Sigma Lithium Corporation provided production guidance for the third quarter of 2024. For the third quarter, the Company expects to produce roughly 60,000 tonnes of 5.0 Green Lithium. 공시 • Aug 01
Sigma Lithium Corporation to Report Q2, 2024 Results on Aug 15, 2024 Sigma Lithium Corporation announced that they will report Q2, 2024 results After-Market on Aug 15, 2024 Price Target Changed • Jul 15
Price target decreased by 7.7% to US$24.07 Down from US$26.07, the current price target is an average from 3 analysts. New target price is 94% above last closing price of US$12.43. Stock is down 69% over the past year. The company is forecast to post earnings per share of CA$0.49 next year compared to a net loss per share of CA$0.35 last year. Breakeven Date Change • May 19
Forecast breakeven date moved forward to 2024 The 5 analysts covering Sigma Lithium previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of CA$47.9m in 2024. Earnings growth of 114% is required to achieve expected profit on schedule. 공시 • May 17
Sigma Lithium Corporation to Report Q1, 2024 Results on May 16, 2024 Sigma Lithium Corporation announced that they will report Q1, 2024 results Pre-Market on May 16, 2024 공시 • May 09
Sigma Lithium Corporation Increases Proven and Probable Reserve Balance by 40% to 77.0 Million Tonne Extending Operations to 25 Year Sigma Lithium Corporation is increasing its Proven and Probable Reserve balance by 40% to 77.0 million tonnes from 54.8 million tonnes. The entirety of this mineral Reserve balance is feasible through low-cost, open pit, mining operations, consolidating the Company's position as a low-cost producer of Quintuple Zero High Purity Lithium materials. The increased mineral Reserve balance enables meaningful opportunities for continued low-cost lithium production growth at Sigma Lithium's Grota do Cirilo operations by supporting a third and potentially fourth processing facility, or a longer operating life at the Company's currently planned lithium throughput. As the available balances show consistent minerology and are available through open pit mining operations, the Company expects to maintain its current, Phase 1, low operating cost model as it expands into additional phases. This increase in mineral Reserves does not represent the full extent of the conversion of mineral Resources as announced by the Company on January 31, 2024. Sigma Lithium continues to execute the mineral and geological development work in order to further convert its Resources into Reserves over time. 공시 • May 01
Sigma Lithium Corporation, Annual General Meeting, Jun 28, 2024 Sigma Lithium Corporation, Annual General Meeting, Jun 28, 2024. Price Target Changed • Apr 10
Price target decreased by 14% to US$25.07 Down from US$29.07, the current price target is an average from 3 analysts. New target price is 62% above last closing price of US$15.51. Stock is down 58% over the past year. The company is forecast to post earnings per share of CA$0.40 next year compared to a net loss per share of CA$1.26 last year. Price Target Changed • Mar 27
Price target decreased by 7.0% to US$26.40 Down from US$28.40, the current price target is an average from 3 analysts. New target price is 117% above last closing price of US$12.16. Stock is down 68% over the past year. The company is forecast to post earnings per share of CA$0.40 next year compared to a net loss per share of CA$1.26 last year. 공시 • Mar 22
Sigma Lithium Corporation to Report Fiscal Year 2023 Results on Apr 01, 2024 Sigma Lithium Corporation announced that they will report fiscal year 2023 results at 9:30 AM, US Eastern Standard Time on Apr 01, 2024 New Risk • Feb 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.8% per year for the foreseeable future. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$200m). Currently unprofitable and not forecast to become profitable over next 2 years (CA$65m net loss in 2 years). Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (6.7% increase in shares outstanding). 공시 • Feb 07
Sigma Lithium Corporation Completes Loading Its Sixth Shipment of Concentrate, Totalling 22,000 Tonnes, At the Port of Vitoria Sigma Lithium Corporation announced it has completed loading its sixth shipment of concentrate, totaling 22,000 tonnes, at the Port of Vitoria. Glencore AG has prepaid 50% of the sixth shipment's value. This prepayment reflects premium pricing at a 7.5% provisional price of lithium hydroxide at LME (average China, Japan, South Korea) for the Company's unique Quintuple Zero Green Lithium concentrate ("Quintuple Zero Green Lithium"). The shipment is part of a commercial distribution and marketing agreement with Glencore that aims to build a low carbon, environmentally and socially sustainable global lithium supply chain for electric vehicles. Zero Coal Power at Greentech Plant: 100% renewable power. Zero Tailings Dams.: 100% dry stacked tailings. Zero Utilization of Potable Water.: Sewage treatment for solid fecal residues for Greentech plant inbound water. Zero Use of Hazardous Chemicals. in manufacturing process of lithium concentrate. New Risk • Feb 01
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: CA$106m Forecast net loss in 1 year: CA$27m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$200m). Currently unprofitable and not forecast to become profitable next year (CA$27m net loss next year). Shareholders have been diluted in the past year (6.7% increase in shares outstanding). 
