Sigma Lithium Corporation (TSXV/NASDAQ: SGML, BVMF: S2GM34), a leading global lithium producer focused on sustainable, carbon-neutral lithium for electric vehicles, declared progress on constructing its second Greentech industrial plant. This expansion aims to double the company’s lithium oxide concentrate production capacity, reinforcing its commitment to environmentally and socially responsible lithium extraction.
The Company’s Co-Chairperson and CEO, Ana Cabral, will present at the BMO Global Metals, Mining & Critical Minerals Conference on Tuesday, 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.
Q4 2024
|
Financial and Operational metrics1 |
Unit |
4Q 2024 |
|
Production Volumes |
tonnes |
77,000 |
|
Unit Operating Cash Cost Plant Gate |
US$/t |
318 |
|
Unit Operating Cash Cost FOB Brazil |
US$/t |
367 |
|
Unit Operating Cash Cost CIF China |
US$/t |
427 |
FY 2024
|
Financial and Operational metrics1 |
Unit |
FY 2024 |
|
Unit Operating Cash Cost CIF China |
US$/t |
494 |
|
Underlying Revenue |
millions of US$ |
181 |
|
Cash gross margin |
% |
41 |
|
Underlying EBITDA |
millions of US$ |
46 |
|
Underlying EBITDA margin |
% |
25 |
2025-2026 Outlook
|
Production Volumes |
Unit |
FY 2025 |
FY 2026 |
|
Production Volumes Plant 1 |
tonnes |
270,000 |
270,000 |
|
Production Volumes Plant 2 |
tonnes |
30,000 |
250,000 |
|
Total |
tonnes |
300,000 |
520,000 |
2025 Cost Guidance
|
Unit Operating Cost1 |
Unit |
FY 2025 |
|
Cash Cost CIF China |
US$/tonne |
500 |
To date, the company has successfully completed 100% of the foundation earthworks for the second Greentech industrial plant, staying on schedule and within budget. The first cement has been poured, and construction has advanced to civil works, including the completion of water drainage infrastructure for the second industrial site. In addition, detailed engineering with technical specifications has been completed for certain key equipment items with long manufacturing lead times (long-lead items). Procurement and contractual negotiations have been completed, and orders for these items are expected to be placed within the current quarter. Initial deliveries of the plant’s equipment are expected to commence in June 2025, followed by the assembly of mechanical structures.
Currently, there are 100 people working on the expansion project, with plans to increase the workforce to 1,000 at peak construction. The Company has also accelerated its homecoming program with the creation of a training center for heavy machinery operators in one of the neighboring communities.
Sigma Lithium has secured a US$100 million development bank credit line from BNDES to fully fund the construction. The Company cleared to continue advancing its construction, despite the current lithium cycle, due to our low capital expenditure intensity (capex per tonne of capacity built). This efficiency is driven in part by our existing infrastructure, which supports the additional Greentech Industrial Plant and enables us to fast-track construction timelines while controlling costs.
As one of the world’s lowest-cost producers, Sigma Lithium is well-positioned to leverage economies of scale as we expand our capacity. This will further enhance our cost efficiency, diluting unitary costs per tonne, as certain production costs, including G&A, are fixed. With the lithium market expected to experience significant growth by the end of the decade, we are strategically positioned to meet the rising demand and capitalize on this opportunity for sustained long-term growth and success.
