Sigma Lithium Stock News

Sigma Lithium Corporation (NASDAQ:SGML ) Q3 2024 Earnings Conference Call November 15, 2024 8:00 AM ET Company Participants Ana Cabral - Chief Executive Officer Rogerio Marchini - Chief Financial Officer Matthew DeYoe - Executive Vice President for Corporate Affairs and Strategic Development Conference Call Participants Steve Byrne - Bank of America Merrill Lynch Katie Lachapelle - Canaccord Ge...

HIGHLIGHTS Sigma Lithium achieved strong operational performance at its Greentech industrial plant. Produced 60,237t of Quintuple Zero Lithium Concentrate in 3Q24, higher than the 60,000t guidance  Further increased shipping cadence to quasi monthly volumes sold of 22,000t Sales volumes totaled 57,483t in 3Q24, increasing 9% q-on-q Successfully executed Plant 1 efficiency capex revamp implement...

SÃO PAULO, Nov. 14, 2024 /PRNewswire/ -- Sigma Lithium Corporation ("Sigma Lithium" or the "Company") (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate announces it will release financial results for the third quarter ended Se...

Lithium prices were flat the past month. Lithium market news - The US government is reportedly examining price support mechanisms for domestic critical mineral projects. BloombergNEF forecasts lithium deficits may begin in 2025. Lithium company news - Arcadium Lithium confirms takeover offer from Rio Tinto. Bikita Minerals has shut down one of its production plants, citing weak global prices.

HIGHLIGHTS The Company announces that it is shipping 22,000 tonnes of Quintuple Zero Green Lithium to International Resources Holding (IRH), the official trading company established by the Abu Dhabi Emirate. This represents Sigma's first transaction with IRH, broadening its commercial strategy of encompassing partners with strong balance sheets.

Lithium stocks are getting interest again, driven by acquisitions and the entry of a major miner into the industry. On October 9, 2024, the world's second-largest mining company in the basic materials sector, Rio Tinto Group NYSE: RIO, announced it would be acquiring Arcadium Lithium plc NYSE: ALTM for $5.85 per cash or $6.7 billion in an all-cash deal.

On 24 September, Sigma Lithium hosted its 2024 Investor Day, marking the first year of production and its record-setting ramp-up of its industrial Greentech Plant. The Company outlined its capital-efficient construction plans to reach approximately 125,000 t/y LCE of industrial capacity by 2026, cementing Sigma as a lasting industry leader.

HIGHLIGHTS Sigma Lithium maintains the operational consistency of a seasoned producer, shipping its 12th vessel of Quintuple Zero Green Lithium to Mitsubishi. This is Sigma Lithium's second sale to Mitsubishi, a large industrial and trading conglomerate ("keiretsu") headquartered in Japan.