• On 24 September, Sigma Lithium hosted its 2024 Investor Past, marking the primary occasion of manufacturing and its record-setting ramp-up of its business Greentech Plant.
• The Corporate defined its capital-efficient development plans to achieve roughly 125,000 t/y LCE of commercial capability by means of 2026, cementing Sigma as a long-lasting business chief.
  • Projections are underpinned by means of upper manufacturing from two pristine business traces, a primary manufacturing enlargement with capability of 34,000t LCE /250,000t of lithium pay attention, commissioning in 2025 and our section 3 enlargement with capability of 54,000t LCE /400,000t of lithium pay attention commissioning in 2026.
  • Those two extra manufacturing traces are extensions of the stream Greentech plant in operation, leveraging upon present infrastructure put in on the Sigma Lithium business ground.
  • Expansion technique is based on maximizing Sigma’s distinctive aggressive price place via economies of scale, backed financing, and an confident loyalty to keeping up its carbon neutrality and social inclusion tasks.
• Introduced the predicted result of capex investments already made at its Greentech plant this occasion to additional build up manufacturing by means of optimizing its put in capability. Cumulative incremental tasks goal a spice up to manufacturing of >10%.
  • Incorporation of a reprocessing screening circuit to monetize ~200,000t of inventoried processed ore at 1.5% Li₂O, handing over ~22,000t of lithium pay attention.
  • Pre-screening steps to extend manufacturing submits by means of an extra 10%.
• Leveraging this better scale and strong margin profile, Sigma expects to achieve an adjusted money EBITDA⁽¹⁾ of $420mm by means of 2025 and just about $700mm by means of 2027 (in line with the commissioned portion of the put in manufacturing capability for each and every occasion, with value forecast in line with consensus analyst estimates).
• Colorful the maiden backed financing loyalty from, and lasting financing partnership solid with, the Brazilian Nationwide Building Locker (BNDES) to help the Corporate’s capital investments to industrialize carbon impartial lithium fabrics in Brazil.
  • Supplied a long-term monetary plan in line with a bolstered steadiness sheet, with horny extra low-interest investment possible choices to grant flexibility in stream marketplace situations.
• Commercial processing expansion is supported by means of the Corporate’s massive mineral reserves and sources, comprising the sector’s 5th biggest mineral business complicated in operations.
  • Sigma’s low cost operational mining alternatives come with an extension to mine 2, making a massive, 45mmt, mining pit, and the joint advancement of mines 3 and four to form a considerable consolidated 60mmt mining web site.

UNITED NATIONS CLIMATE WEEK IN NEW YORK

• Sigma Lithium was once as soon as once more invited by means of Nasdaq to ring the last bell all over the hole generation of United International locations Atmosphere Year in Unutilized York on September 23.
  • Nasdaq known the Corporate for achieving its Web 0 objectives, 25 years forward of the business, demonstrating its pioneer surrounding motion management in lithium and battery fabrics.
• Sigma Lithium CEO was once invited to take part within the “Building the Future Summit” in popularity of the Corporate’s web 0 success and longstanding loyalty to sustainability.
• The Corporate’s surrounding management was once demonstrated by means of the participation of its senior executives in different key occasions together with the United International locations Power Fee’s SDG7 Top, The United Family World Pact for Humanity, Columbia College’s Brazil Atmosphere Convention, Monetary Instances Atmosphere Top, and the International Atmosphere Top (previewing “Investment COP29“)

SÃO PAULO, Sept. 27, 2024 /PRNewswire/ — Sigma Lithium Company (“Sigma Lithium” or the “Company”) (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML), a international lithium manufacturer devoted to powering the after moment of electrical cars with socially and environmentally sustainable lithium pay attention, offered its strategic eye at its 2024 Investor Past held at Nasdaq. The Investor Past Corporate crystal clear its trail to vital quantity expansion and worth settingup by means of reinforcing its operational functions and increasing at the deserves of its low price and capital able expansion profile.

CEO and Co-Chairperson Ana Cabral notes: “We are in a very advantageous competitive position: Sigma Lithium is the industry’s third lowest-cost lithium concentrate producer, benefiting from processing ingenuity and a low-cost operational jurisdiction. We are building another carbon neutral Greentech lithium plant in Brazil, with BNDES, the country’s development bank, fully funding our construction. Therefore, we can continue to deliver on our successful track record to comfortably expand capacity and meet the significant long-term demand requirements of our clients, even with the current low-price environment.”

She persisted, “Our financial resilience is supported by Sigma Lithium’s positioning in the most profitable segment of the lithium supply chain, away from the fierce competition and capital-intensive downstream lithium chemicals. All the while, our Greentech plant produces metallurgically superior lithium materials, enabling us to maximize the “worth in utility” of each unit of lithium we deliver to customers.”

“Getting here was the result of relentless dedication of our team over the last two years, building the Greentech plant and delivering the production ramp up. Therefore, the main hurdles have been crossed, and executing on this growth is “replicating the similar technique”, with our highly experienced team in place. We are very enthusiastic about the many opportunities ahead for Sigma Lithium,” she concluded.

Quantity expansion predicated on low-risk investments
With Sigma’s section 1 commissioning and industrial ramp up whole, the Corporate defined brownfield investments to debottleneck manufacturing volumes. This contains steps to make stronger ultrafines processing and make allowance for reprocessing of just about 200,000t of one.5% grade stockpiled subject material. The Corporate has additionally invested to improve its community of crusher monitors to shed upkeep bills and make stronger the purity profile of ore processed by means of its Greentech facility. All in, Sigma objectives a ten% acquire in annual manufacturing from those tasks.

On a bigger scale, Sigma Lithium laid out its plans to greater than triple its stream 37,000 tonnes of lithium carbonate identical (LCE) manufacturing by means of the tip of 2026 following the development of its section 2 and three expansions. For the Section 2 challenge, which is beneath development now, the Corporate is concentrated on 250,000 tonnes of lithium pay attention capability, or 34,000 tonnes of LCE. Its higher section 3 enlargement is anticipated so as to add 400,000 tonnes to headline pay attention capability, or 54,000t LCE. Those expansion tasks make the most of just about an identical processing flowsheets as the primary section and can take pleasure in the present infrastructure at Sigma. All in, Sigma Lithium expects to boost its general manufacturing quantity to 920,000 tonnes of pay attention, or 125,000t LCE, by means of 2027. At this scale, Sigma would make stronger its status as a manufacturer of lithium fabrics. 

The Corporate has considerably derisked its trade profile over the date three hundred and sixty five days by means of proving its unclear media judicial separation (DMS) procedure, foundation its extremely worthy cargo agenda, and demonstrating a extremely horny running and capital price style. This leaves the Corporate in an skillful place to shoot in opposition to those after expansion tasks.

Along with the phased buildout of its built-in Greentech complicated, the Corporate continues to discover access into the lithium sulfate intermediates marketplace by means of 2027. Via lithium sulfate manufacturing, Sigma Lithium seeks to transform the linchpin in a pristine international battery fabrics chain this is 0 carbon, capital able, and decreases dependence on China. Via doing so, the Corporate may just additional monetize its splendid product detail profile, which is undervalued in as of late’s marketplace with out stepping a ways enough quantity downstream as to compete without delay within the intensely aggressive branch of lithium chemical compounds trade.

Expansion leverages some great benefits of scale and helps tough income expansion profile
Because the Corporate commissions extra capability, it expects to take pleasure in vital price leverage via its on and off-site fixed-overhead and G&A bills. When the usage of the frequent consensus sell-side estimates for lithium pay attention value, the style helps tough income and margin enlargement. In line with our stream forecast, the combo of quantity expansion and this value deck drives an adjusted money EBITDA for Sigma of $420mm in 2025 and just about $700mm in 2027.

Horny financing in park to help those tasks
Supporting this expansion profile is the new loyalty by means of the BNDES for a BRL487mm advancement mortgage to completely investmrent the development of Sigma’s section 2 Greentech plant. The mortgage carries a sub-treasury rate of interest of seven.53% in Brazilian Reals, or ~2.5% on a USD foundation at frequent change charges. It additionally options an 18-month amortization liniency window. With a 12 occasion develop and commissioning timeline, the Corporate expects to be producing income from its pristine operations earlier than the BNDES debt starts to amortize.

The advance cupboard loyalty is greater than only a mortgage package deal; it is a chance to spouse with the BNDES over while. Sigma has the chance, will have to it select, to faucet those capital swimming pools once more to backup finance its section 3 and downstream tasks. With better scale and decrease prices, the Corporate expects to hastily de-lever its steadiness sheet, releasing up room for the extra backed leverage to investmrent the successive buildouts.

Investments to extend manufacturing are supported by means of complete mine plan
Supporting this tide of enlargement is 110Mt of audited mineral sources and what the Corporate and its exterior auditors consider is a steadiness in abundance of 150Mt bearing in mind its goal pipeline and identified pegmatite formations.

This useful resource represents extra than simply tonnage, but in addition optionality within the Corporate’s mine plan. Given investments made within the mine, Sigma preserves the solution to fee its Section 2 asset with ore from the Xuxa mine, its next Barreiro mine or a mixture of each. At this level, the possibly technique will likely be to make use of Xuxa, because the geology and minerology are identified and perfect mining practices are impaired. This may additionally permit for optimum DMS commissioning for its Section 2 operations and a deferred capex outlay to pre-strip the second one mine.

Over while, the geology staff will paintings to develop density a number of the core useful resource portfolio. Focused drilling tasks display extensions to the section 2 Barreiro mine, which might speed the contained useful resource to 45mm tonnes, up from 29mm tonnes these days. Co-development of the section 3 and four mines would in a similar fashion grant room for web site scale at 60mm tonnes of blended useful resource.

Tournament Replay Data
A complete replay of the Sigma Lithium 2024 Investor Past is to be had at the Corporate’s investor members of the family webpage. For additional knowledge and get admission to to the webcast replay and supporting fabrics, please seek advice from https://ir.sigmalithiumresources.com/

Certified Individuals Abjure

Alternative disclosures on this information leave of a systematic or technical nature on the Grota do Cirilo Challenge were reviewed and licensed by means of Iran Zan AusimM (Club quantity FAusIMM (329132)), who is thought of as, by means of utility of his schooling, revel in {and professional} affiliation, a Certified Particular person beneath the phrases of NI 43-101. Mr. Zan isn’t regarded as isolated beneath NI 43-101 as he’s Sigma Lithium co-Head of Geology and co-Basic Supervisor of Sigma Lithium. Mr. Zan has verified the technical knowledge disclosed on this information leave no longer homogeneous to the stream Mineral Useful resource estimate disclosed herein.

ABOUT SIGMA LITHIUM

Sigma Lithium (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34) is a international lithium manufacturer devoted to powering the after moment of electrical car batteries with carbon impartial, socially and environmentally sustainable chemical-grade lithium pay attention.

Sigma Lithium is likely one of the global’s biggest lithium manufacturers. The Corporate operates at the leading edge of environmental and social sustainability within the EV battery fabrics provide chain at its Grota do Cirilo Operation in Brazil. Right here, Sigma produces Quintuple 0 Inexperienced Lithium at its cutting-edge Greentech lithium beneficiation plant that delivers web 0 carbon lithium, produced with 0 grimy energy, 0 potable H2O, 0 poisonous chemical compounds and 0 tailings’ dams.

Section 1 of the Corporate’s operations entered industrial manufacturing in the second one quarter of 2023. The Corporate has issued a Ultimate Funding Determination, officially approving development to double capability to 520,000 tonnes of pay attention during the addition of a Section 2 enlargement of its Greentech Plant.

Please please see the Corporate’s Nationwide Device 43-101 technical file titled “Grota do Cirilo Lithium Project Araçuaí and Itinga Regions, Minas Gerais, Brazil, Amended and Restated Technical Report” issued March 19, 2024, which was once ready for Sigma Lithium by means of Homero Delboni Jr., MAusIMM, Promon Engenharia; Marc-Antoine Laporte, P.Geo, SGS Canada Inc; Jarrett Quinn, P.Eng., Primero Team Americas; Porfirio Cabaleiro Rodriguez, (MEng), FAIG, GE21 Consultoria Mineral; and William van Breugel, P.Eng (the “Updated Technical Report”). The Up to date Technical File is filed on SEDAR and may be to be had at the Corporate’s web page.

For more info about Sigma Lithium, seek advice from https://www.sigmalithiumresources.com/

Sigma Lithium
LinkedIn: Sigma Lithium
Instagram: @sigmalithium
Twitter: @SigmaLithium

FORWARD-LOOKING STATEMENTS

This information leave contains positive “forward-looking information” beneath appropriate Canadian and U.S. securities law, together with however no longer restricted to statements in relation to timing and prices homogeneous to the overall trade and operational outlook of the Corporate, the environmental footprint of tailings and certain ecosystem have an effect on touching on thereto, donation and upcycling of tailings, timing and amounts in relation to tailings and Inexperienced Lithium, achievements and projections in relation to the 0 Tailings technique, success of ramp-up volumes, manufacturing estimates and the operational situation of the Groto do Cirilo Challenge, and alternative forward-looking knowledge. All statements that deal with date plans, actions, occasions, estimates, expectancies or tendencies that the Corporate believes, expects or anticipates will or would possibly happen is forward-looking knowledge, together with statements in regards to the doable advancement of mineral sources and mineral reserves which would possibly or won’t happen. Ahead-looking knowledge contained herein is in line with positive guesses relating to, amongst alternative issues: common financial and political situations; the strong and supportive legislative, regulatory and family condition in Brazil; call for for lithium, together with that such call for is supported by means of expansion within the electrical car marketplace; the Corporate’s marketplace place and date monetary and running efficiency; the Corporate’s estimates of mineral sources and mineral reserves, together with whether or not mineral sources will ever be advanced into mineral reserves; and the Corporate’s talent to perform its mineral tasks together with that the Corporate won’t revel in any fabrics or apparatus shortages, any labour or provider supplier outages or delays or any technical problems. Even supposing control believes that the guesses and expectancies mirrored within the forward-looking knowledge are cheap, there will also be refuse agreement that those guesses and expectancies will turn out to be right kind. Ahead-looking knowledge inherently comes to and is matter to dangers and uncertainties, together with however no longer restricted to that the marketplace costs for lithium won’t stay at stream ranges; and the marketplace for electrical cars and alternative massive structure batteries these days has restricted marketplace proportion and refuse promises will also be given for the velocity at which this marketplace will create, if in any respect, which might have an effect on the luck of the Corporate and its talent to create lithium operations. There will also be refuse agreement that such statements will turn out to be correct, as latest effects and date occasions may just fluctuate materially from the ones expected in such statements. Accordingly, readers will have to no longer park undue reliance on forward-looking knowledge. The Corporate disclaims any purpose or legal responsibility to replace or revise any forward-looking knowledge, whether or not as a result of pristine knowledge, date occasions or another way, except for as required by means of regulation. For more info at the dangers, uncertainties and guesses that might motive our latest effects to fluctuate from stream expectancies, please please see the stream annual knowledge method of the Corporate and alternative population filings to be had beneath the Corporate’s profile at www.sedar.com.

Neither the TSX Project Alternate nor its Law Services and products Supplier (as that word is outlined within the insurance policies of the TSX Project Alternate) accepts duty for the adequacy or accuracy of this information leave.

SOURCE Sigma Lithium Company

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