Tillkännagivande • Jun 10
Sigma Lithium Corporation Wins in State Court of Minas Gerais and Announces Overturn of Unwarranted Local Judge Decision Sigma Lithium Corporation announces that a Court of Appeal Judge in the the Court of Justice of Minas Gerais state (“Court of Justice”) overturned a local lower court decision that included the potential for a legal collateral of USD 10 million, as detailed in the Company’s announcement of May 18, 2026. The Court of Justice asked the Company to fund the engagement of an independent technical advisory firm to monitor the impacts of Sigma Lithium operations on the residents of the local municipalities of Araçuaí and Itinga. The Company welcomed the requirement of the impact assessment study as an excellent opportunity to establish the facts of the matter through an independent evaluation. Sigma Lithium’s legal counsel highlighted the discrepancy between the data presented by the prosecution and the evidence submitted by the Company in its defense. On June 2, Sigma Lithium publicly disclosed 12 months of environmental monitoring data, independently collected and verified by external experts through May 2026, demonstrating the Company’s environmental performance and track record: low levels of dust, vibrations, noise, monitored in four neighbouring communities. Dust: Sigma Lithium operates 560% better than recommended standards for total suspended particles, 350% better for particles of below 2.5 micrometers. Noise: 95 measurement campaigns conducted during night and day demonstrated compliance with Brazilian established standards. Vibrations: The level of vibrations measured in terms of velocity measured in millimeters per second against the frequency measured in Hertz was extremely low, barely registering on the seismograph scale, when set against the recommended limits. Tillkännagivande • Jun 03
Sigma Lithium Files One Year of External Expert Environmental Data Demonstrating Low Levels of Dust, Vibrations, and Noise Sigma Lithium filed one year of external expert environmental data (for the 12 months to May 2026) demonstrating its track record: low levels of dust, vibrations, noise, monitored in four neighbouring communities. Dust: Sigma Lithium operates 560% better than recommended standards for total suspended particles, 350% better for particle size of below 2.5 micrometers. Noise: 95 measurement campaigns conducted during night and day demonstrated compliance with ABNT standards. Vibrations: The level of vibrations measured in terms of velocity measured in millimeters per second against the frequency measured in Hertz were extremely low, barely registering on the seismograph scale, when set against the ABNT limits. The data series externally collected by experts provides transparent, objective evidence of Sigma Lithium's environmental track record. The evidence filed directly refutes baseless and unproven claims against the Company made in local Brazilian courts, currently under appeal at the State Courts in Minas Gerais (Tribunal de Justiça de Minas Gerais). The data points are below the stringent legal limits in Brazil, as well as the established standards of the Brazilian Technical Standards Association ("Associacao Brasileira de Normas Tecnicas" or "ABNT") and Brazil's National Environmental Council ("Conselho Nacional do Meio Ambiente" or "CONAMA"). Tables 1, 2, and 3 show data with respect to the monitoring of dust. Data is presented for the twelve months to May 2026 showing total suspended particles and particle size below 10 and 2.5 micrometers measured in four locations in the community (C1, C2, C3, and C4). The data shows that the levels of dust generated by Sigma Lithium's operations were 350% to 560% below the CONAMA standard limits established for each category. Table 4 shows the level of vibration measured in the twelve months to May 2026 in terms of velocity measured in millimeters per second against the frequency measured in Hertz. The vibrations (marked by "X" in the chart) are extremely low, when set against the ABNT limits shown in the red line. Table 5 shows the results of noise monitoring in the twelve months to May 2026 that measures compliance with ABTN limits in terms of decibels at four locations. The chart includes a data set for daytime monitoring and another for nighttime monitoring. 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 17% growth forecast for the Metals and Mining industry in Canada. 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. New Risk • May 11
New major risk - Revenue and earnings growth Earnings have declined by 12% 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 Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$8.4m). Share price has been volatile over the past 3 months (17% average weekly change). Significant insider selling over the past 3 months (CA$8.4m sold). Price Target Changed • May 03
Price target increased by 18% to CA$33.00 Up from CA$28.00, the current price target is an average from 3 analysts. New target price is 11% above last closing price of CA$29.85. Stock is up 160% over the past year. The company is forecast to post earnings per share of US$0.90 next year compared to a net loss per share of US$0.45 last year. Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • 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. Price Target Changed • Jan 16
Price target increased by 30% to CA$15.25 Up from CA$11.75, the current price target is an average from 2 analysts. New target price is 11% below last closing price of CA$17.21. Stock is down 1.4% over the past year. The company is forecast to post a net loss per share of US$0.30 next year compared to a net loss per share of US$0.44 last year. New Risk • Jan 09
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 Canadian stocks, typically moving 20% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-US$25m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Minor Risk Significant insider selling over the past 3 months (CA$2.6m sold). Recent Insider Transactions • Nov 26
Co-Chairperson recently sold CA$5.5m worth of stock On the 21st of November, Marcelo Freire de Paiva sold around 395k shares on-market at roughly CA$13.89 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 CA$5.7m. 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 released: US$0.10 loss per share (vs US$0.23 loss in 3Q 2024) 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 is forecast to grow 35% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Metals and Mining industry in Canada. 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. Buy Or Sell Opportunity • Oct 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.7% to CA$7.87. The fair value is estimated to be CA$9.88, 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. Tillkännagivande • 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 CA$187k worth of stock On the 29th of September, Marcelo Freire de Paiva sold around 26k shares on-market at roughly CA$7.19 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. Tillkännagivande • 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 23% undervalued Over the last 90 days, the stock has risen 7.3% to CA$8.05. The fair value is estimated to be CA$10.51, 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. Price Target Changed • Aug 21
Price target decreased by 18% to CA$14.75 Down from CA$18.00, the current price target is provided by 1 analyst. New target price is 78% above last closing price of CA$8.27. Stock is down 43% over the past year. The company posted a net loss per share of US$0.44 last year. Buy Or Sell Opportunity • Aug 20
Now 25% undervalued The stock has been flat over the last 90 days, currently trading at CA$8.25. The fair value is estimated to be CA$10.96, 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 15% growth forecast for the Metals and Mining industry in Canada. 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 30% per year, which means it is significantly lagging earnings. New Risk • Aug 11
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 Canadian stocks, typically moving 13% 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 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 (13% average weekly change). Tillkännagivande • 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 Price Target Changed • Jul 25
Price target decreased by 11% to CA$17.00 Down from CA$19.00, the current price target is provided by 1 analyst. New target price is 75% above last closing price of CA$9.72. Stock is down 39% over the past year. The company posted a net loss per share of CA$0.63 last year. 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. 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. Price Target Changed • May 22
Price target decreased by 7.7% to CA$18.00 Down from CA$19.50, the current price target is an average from 2 analysts. New target price is 118% above last closing price of CA$8.25. Stock is down 62% over the past year. The company is forecast to post earnings per share of CA$0.014 next year compared to a net loss per share of CA$0.63 last year. Buy Or Sell Opportunity • May 20
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 42% to CA$9.18. The fair value is estimated to be CA$11.87, 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%. Price Target Changed • May 16
Price target decreased by 8.4% to CA$19.00 Down from CA$20.75, the current price target is an average from 2 analysts. New target price is 107% above last closing price of CA$9.18. Stock is down 63% over the past year. The company is forecast to post earnings per share of CA$0.014 next year compared to a net loss per share of CA$0.63 last year. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: CA$0.042 (vs CA$0.085 loss in 1Q 2024) 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 is forecast to grow 34% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada. 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 20% per year, which means it is significantly lagging earnings. Tillkännagivande • May 07
Sigma Lithium Corporation, Annual General Meeting, Jun 30, 2025 Sigma Lithium Corporation, Annual General Meeting, Jun 30, 2025. Tillkännagivande • 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 21% overvalued Over the last 90 days, the stock has fallen 29% to CA$11.40. The fair value is estimated to be CA$9.42, 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 10
Price target decreased by 12% to CA$19.50 Down from CA$22.25, the current price target is an average from 2 analysts. New target price is 76% above last closing price of CA$11.10. Stock is down 48% over the past year. The company is forecast to post earnings per share of CA$0.072 next year compared to a net loss per share of CA$0.63 last year. Buy Or Sell Opportunity • Apr 09
Now 27% overvalued Over the last 90 days, the stock has fallen 32% to CA$12.20. The fair value is estimated to be CA$9.60, 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 10% per year, which means it is significantly lagging earnings. New Risk • Mar 31
New major risk - Revenue and earnings growth Earnings have declined by 38% 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. This is currently the only risk that has been identified for the company. Price Target Changed • Mar 21
Price target decreased by 14% to CA$22.25 Down from CA$26.00, the current price target is an average from 2 analysts. New target price is 35% above last closing price of CA$16.47. Stock is up 1.3% over the past year. The company is forecast to post a net loss per share of CA$0.48 next year compared to a net loss per share of CA$0.35 last year. Tillkännagivande • 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 Tillkännagivande • 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. 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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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 Recent Insider Transactions • Aug 21
Corporate Director recently sold CA$243k worth of stock On the 16th of August, Bechara Azar sold around 19k shares on-market at roughly CA$12.77 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. Price Target Changed • Aug 19
Price target decreased by 14% to CA$30.46 Down from CA$35.51, the current price target is an average from 3 analysts. New target price is 114% above last closing price of CA$14.25. 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. 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). Tillkännagivande • 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. Tillkännagivande • 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 • May 19
Price target decreased by 11% to CA$35.51 Down from CA$40.01, the current price target is an average from 3 analysts. New target price is 45% above last closing price of CA$24.50. Stock is down 55% over the past year. The company is forecast to post earnings per share of CA$0.42 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. Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • May 01
Sigma Lithium Corporation, Annual General Meeting, Jun 28, 2024 Sigma Lithium Corporation, Annual General Meeting, Jun 28, 2024. Price Target Changed • Apr 02
Price target decreased by 9.5% to CA$41.01 Down from CA$45.30, the current price target is an average from 3 analysts. New target price is 109% above last closing price of CA$19.63. Stock is down 61% 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. Tillkännagivande • 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). Shareholders have been diluted in the past year (6.7% increase in shares outstanding). Tillkännagivande • 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. Price Target Changed • Feb 02
Price target decreased by 10% to CA$60.05 Down from CA$67.00, the current price target is an average from 2 analysts. New target price is 165% above last closing price of CA$22.62. Stock is down 44% over the past year. The company is forecast to post earnings per share of CA$0.41 next year compared to a net loss per share of CA$1.26 last year. 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). Tillkännagivande • Feb 01
Sigma Lithium Corporation Significantly Increased Audited Mineral Resource by 27% to 109Mt Sigma Lithium announced that it has commenced loading its next 22,000 tonne shipment of its unique, sustainable, lithium concentrate to Glencore at the Port of Vitoria. Glencore to prepay 50% for the shipment at a provisional premium price. Company fully achieves the mission of its Impact Investors at IPO: Produce lithium materials aligned with the ethos of the environmentally conscious consumer of the electric vehicle. Article Article Article: Article Article: Article: Article:: Article: Article: Article: Article Article: Article Article:: Article: Article Article: " Article: Article: Article: No. Article: Article: Article: The Company's Article: Article: Article Article of the Company's Article: Article:: Article 3: approximately increases Sigma Lithium total M & I & I to 110Mt. Article Article 5: approximately increases M & I & I an additional 20Mt. Planned initiation of earthworks for Greentech Plant expansion. Sigma Lithium has been at the forefront of environmental and social sustainability in the EV battery materials supply chain for six years and it is currently producing Quintuple Zero Green Lithium from its Grota do Cirilo Project in Brazil. Phase 1 of the project is expected to produce 270,000 tonnes of Quintuple Zero Green Lithium annually (36,700 LCE annually). If it determines to proceed after completion of the detailed engineering study, Phase 2 & 3 of the project are expected to increase production to 766,000 tonnes annually (or 104,200 LCE annually). The project produces Quintuple Zero Green Lithium in its state-of-the-art Greentech lithium plant that uses 100% renewable energy, 100% recycled water and 100% dry-stacked tailings. Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2024 The 4 analysts covering Sigma Lithium previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of CA$158.7m in 2024. Average annual earnings growth of 174% is required to achieve expected profit on schedule. Tillkännagivande • Nov 09
Sigma Lithium Corporation to Report Q3, 2023 Results on Nov 14, 2023 Sigma Lithium Corporation announced that they will report Q3, 2023 results After-Market on Nov 14, 2023 Price Target Changed • Oct 27
Price target decreased by 7.0% to CA$66.20 Down from CA$71.20, the current price target is provided by 1 analyst. New target price is 81% above last closing price of CA$36.52. Stock is down 28% over the past year. The company is forecast to post earnings per share of CA$0.61 next year compared to a net loss per share of CA$1.26 last year. New Risk • Sep 30
New major risk - Revenue and earnings growth Earnings have declined by 72% 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 Earnings have declined by 72% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$212m). Shareholders have been diluted in the past year (8.6% increase in shares outstanding). New Risk • Sep 15
New major risk - Revenue and earnings growth Earnings have declined by 72% 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 Earnings have declined by 72% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$212m). Shareholders have been diluted in the past year (8.6% increase in shares outstanding). Tillkännagivande • Sep 03
Sigma Lithium Corporation Reaffirms Production Guidance for 2023 Sigma Lithium Corporation reaffirms production guidance for 2023. The company reaffirms outlook for production of 130,000 tonnes of chemical grade Triple Zero Green Lithium by December 2023.The company expects to report positive operating profit for third quarter 2023. Tillkännagivande • Jul 31
Sigma Lithium CEO in Talks with Potential Buyers Sigma Lithium Corporation (NasdaqCM:SGML) is working with Bank of America Corporation (NYSE:BAC) to coordinate talks with parties interested in acquiring it, the Chief Executive of the miner, which produces the metal used to make electric vehicle batteries, told Reuters on July 28, 2023. Bank of America has been Sigma's bank on retainer for some time and has been holding meetings for at least four months with parties that approach with interest in acquiring the lithium miner, Sigma CEO Ana Cabral-Gardner said in an interview. She added that the company "is focused on alternatives that embrace the importance of our shareholders' values of social sustainability". Bank of America declined to comment. Bloomberg News reported in February, citing sources, that automaker Tesla Inc. (TSLA.O) was considering a bid for Vancouver-based Sigma, which is listed on Nasdaq and has a market value of $4.2 billion. Cabral-Gardner said that while Bank of America is coordinating meetings with parties that approach Sigma, Sigma has not yet picked a bank to advise on any potential transaction. "Maybe I'm not selling. Maybe I'm partnering with someone. I don't know what I'm doing yet," Cabral-Gardner said in the interview. Cabral-Gardner added that Sigma does not plan to sell the Brazilian mine separately from the company itself. "The company is the asset," she said. Board Change • Jul 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Bechara Azar was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 20
Sigma Lithium Commences Production At the Grota Do Cirilo Project Sigma Lithium provided updates on its Grota do Cirilo project. The company commenced production in April 2023 and announced that it is guiding to ramp up to Phase I nameplate production of 270,000 tonnes per annum by August 2023 on a run-rate basis. Sigma Lithium confirmed that it had achieved pricing for its first spodumene concentrate sales of 9.0% of the lithium hydroxide index. The company also reiterated targets for future Phase II and Phase III nameplate production of 760,000 tpa. Sigma Lithium also confirmed plans to increase the mineral resources in the second half of 2023 through ongoing exploration work, with a 17,000-metre drill program in 2023. LRC holds a 1.0% gross overriding revenue royalty on Sigma Lithium's Grota do Cirilo lithium project in Brazil. LRC expects to receive its first payments on its royalty in the second half of 2023, with the exact timing dependent on when Sigma completes its first sales. Tillkännagivande • Jun 14
Sigma Lithium Corporation Provides Production Guidance for the Year 2023 Sigma Lithium Corporation provided production guidance for the year 2023. For the year, the company has issued initial production guidance of approximately 130,000 tonnes of Green Lithium. New Risk • Jun 14
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -CA$133m This is considered a minor 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 Risk Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$133m). Shareholders have been diluted in the past year (6.5% increase in shares outstanding). Buying Opportunity • Mar 15
Now 21% undervalued Over the last 90 days, the stock is up 7.3%. The fair value is estimated to be CA$56.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Tillkännagivande • Feb 20
Tesla Reportedly Considering Takeover of Sigma Lithium Corp Tesla, Inc. (NasdaqGS:TSLA) has been weighing a takeover of Sigma Lithium Corporation (NasdaqCM:SGML), people with knowledge of the matter said, amid rampant demand for the metal used in electric vehicle batteries. The EV maker run by Elon Musk has been speaking with potential advisers about a bid, said the people, who asked not to be identified discussing confidential information. Sigma Lithium is one of multiple mining options Tesla is exploring as it mulls its own refining, one of the people said. Sigma Lithium’s biggest shareholder has been exploring a potential sale of the company and gauging interest from miners and carmakers, the people said. Its biggest investor, holding 46%, is A10 Investimentos Ltda., a Brazilian private equity fund that Sigma Co-Chief Executive Officer Ana Cabral-Gardner helped establish. Co-CEO Calvyn Gardner, also owns part of the miner. Deliberations are in the early stages and may not lead to a transaction, according to the people. Potential suitors may hesitate to bid after shares tripled in the last 12 months and on high price expectations by the owners, the people said. Sigma’s owners could also wait to develop the company’s main project further before seeking an exit, according to the people. Elon Musk, representatives for Tesla did not respond to requests for comment. Sigma Lithium’s Cabral-Gardner declined to comment on “rumors". Tillkännagivande • Feb 14
Sigma Lithium Corporation Announces the Production of Continuous Sequential Batches of Crushed Lithium Material SIGMA Lithium Corporation announced the production of continuous sequential batches of crushed lithium material and completion of commissioning of its crushing circuit of the Greentech Plant, on schedule and in line with guidance provided previously on December 20, 2022 and on January 23, 2023. Additionally, the Company announced the commencement of Greentech Plant expansion (Phase 2 & 3) detailed engineering and capital expenditure costing at FEL-3 precision by obtaining firm quotes from suppliers. The Greentech Plant expansion is expected to increase run-rate production from 270,000 tpa to 766,000 tpa of Battery Grade Sustainable Lithium. Mr. Wes Roberts, P.Eng., a member of the technical committee of the Company, is the "qualified person" under NI 43-101 who reviewed and approved the other technical information included in this news release. Recent Insider Transactions • Jan 03
Independent Director recently sold CA$380k worth of stock On the 29th of December, Frederico Marques sold around 9k shares on-market at roughly CA$42.22 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$9.2m more than they bought in the last 12 months. Recent Insider Transactions • Dec 30
Insider recently sold CA$210k worth of stock On the 23rd of December, George Wesley Roberts sold around 5k shares on-market at roughly CA$41.98 per share. This transaction amounted to 67% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$8.8m more than they bought in the last 12 months. Tillkännagivande • Dec 21
Sigma Lithium Corporation Successfully Initiates Commissioning of Greentech Plant on Schedule and Within Budget SIGMA Lithium Corporation dedicated to powering the next generation of electric vehicles with environmentally and socially sustainable high-purity lithium, announced that it has commenced commissioning of its Greentech Plant on schedule and within budget. GREENTECH PLANT COMMISSIONING COMMENCED Sigma Lithium continues to rapidly advance towards production, commencing crusher circuit plant commissioning on schedule last week. The commissioning commenced with the following tasks and tests successfully completed: Energizing the substation and transformer; Mechanical completion of the Secondary and Tertiary crushers and associated crusher, feeders and conveyor belts; Electrical testing of the Secondary and Tertiary crusher motors, commencing original equipment manufacturer commissioning of the Secondary and Tertiary crushers for operation; and Running of tertiary feeders and conveyor belts No. 3, 4 and 6. Future crusher circuit commissioning will focus on conducting sequential and load tests, which will be completed by February 2023. Price Target Changed • Nov 16
Price target increased to CA$38.31 Up from CA$34.19, the current price target is provided by 1 analyst. New target price is 9.5% below last closing price of CA$42.35. Stock is up 275% over the past year. The company is forecast to post a net loss per share of CA$0.37 next year compared to a net loss per share of CA$0.39 last year. Board Change • Oct 31
High number of new directors Independent Corporate Director Dana Perlman was the last director to join the board, commencing their role in 2022. Tillkännagivande • Sep 16
Sigma Lithium Corporation Appoints Dana Perlman as Its Third Independent Director SIGMA Lithium Corporation announced the appointment of distinguished female business leader Dana Perlman as its third independent director. Ms. Perlman brings significant expertise to the Board, including over 20 years of experience in strategy, finance, investment banking, business development, acquisitions, risk management and investor communications. About Dana Perlman: Independent Director Dana Perlman was most recently Chief Strategy Officer and Treasurer at PVH Corp. through July 2022. Dana was responsible for leading global business strategy and development, playing a key role in helping to create, activate and articulate PVH's go forward strategy and ultimately driving progress and support to achieve its targets and creating value for its stakeholders. She was also responsible for leading the company's efforts around strategic activity including, mergers and acquisitions and strategic partnerships. Dana was a critical partner in helping to structure and execute on numerous strategic transactions, including the buybacks of key joint venture and licensed partners from China to Australia, strategic brand divestitures and the Warnaco acquisition. Previously, Dana held several positions at Barclays Capital, including Director of the Retail Investment Banking Department. Prior to Barclays, Dana held positions in investment banking with Lehman Brothers and Credit Suisse First Boston. Dana currently sits on the Board of Directors at O'Reilly Automotive and chairs its Corporate Governance and Nominating Committee, including providing support and oversight over its ESG efforts. In 2018, she was recognized by WomenInc. on the 2018 Most Influential Corporate Board Directors list and by Equilar on the list of 50 Youngest U.S. Public Company Board members alongside Chelsea Clinton and Mark Zuckerberg. Passionate about giving back to the community, Dana set up the Dee Dee and Michael Perlman Caregivers Fund, in memory of her parents, to support programming in the Detroit community that provides respite for family caregivers of a loved one living with dementia. 