SIGMA LITHIUM ANNOUNCES IT HAS FILED ITS FULL YEAR 2023 FINANCIALS

SIGMA LITHIUM ANNOUNCES IT HAS FILED ITS FULL YEAR 2023 FINANCIALS

HIGHLIGHTS

  • On April 30 , Sigma Lithium filed its full year 2023 financial statements and MD&A.

  • The audited numbers confirm the initial results filed on the morning of April 1, 2024 .

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 that it filed its audited consolidated financial statements for the year ended December 31, 2023 and the related Management Discussion & Analysis (MD&A) on April 30, 2024 .

Sigma Lithium Logo (PRNewsfoto/Sigma Lithium Corporation)

The filing follows a review by the Company's auditors, KPMG International. Sigma Lithium notes that no significant changes have been made from the initial results published on April 1, 2024 . The filings are available on SEDAR+ ( www.sedarplus.ca ), EDGAR ( www.sec.gov ) and the Company's corporate website.

ABOUT SIGMA LITHIUM
Sigma Lithium (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34) is a leading global lithium producer dedicated to powering the next generation of electric vehicle batteries with carbon neutral, socially and environmentally sustainable chemical-grade lithium concentrate.

Sigma Lithium operates at the forefront of environmental and social sustainability in the EV battery materials supply chain and is currently producing Quintuple Zero Green Lithium concentrate from its Grota do Cirilo Project in Brazil . Phase 1 of the project entered commercial production in 2Q23 and has an annual capacity of 270,000 tonnes of concentrate (36,700 LCE annually). The Company has issued a Final Investment Decision formally approving plans to nearly double capacity to 520,000 tonnes of concentrate through the addition of a Phase 2 concentrate mine and associated mine. The project produces lithium concentrate at its state-of-the-art Greentech lithium plant that uses 100% renewable energy, 100% recycled water and 100% dry-stacked tailings.

Please refer to the Company's National Instrument 43-101 technical report titled "Grota do Cirilo Lithium Project Araçuaí and Itinga Regions, Minas Gerais, Brazil , Amended and Restated Technical Report" issued March 19, 2024 , which was prepared for Sigma Lithium by Homero Delboni Jr. , MAusIMM, Promon Engenharia; Marc-Antoine Laporte , P.Geo, SGS Canada Inc; Jarrett Quinn , P.Eng., Primero Group Americas; Porfirio Cabaleiro Rodriguez , (MEng), FAIG, GE21 Consultoria Mineral; and William van Breugel , P.Eng (the "Updated Technical Report"). The Updated Technical Report is filed on SEDAR and is also available on the Company's website.

For more information about Sigma Lithium, visit https://www.sigmalithiumresources.com/

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

FORWARD-LOOKING STATEMENTS

This news release includes certain "forward-looking information" under applicable Canadian and U.S. securities legislation, including but not limited to statements relating to timing and costs related to the general business and operational outlook of the Company, the environmental footprint of tailings and positive ecosystem impact relating thereto, donation and upcycling of tailings, timing and quantities relating to tailings and Green Lithium, achievements and projections relating to the Zero Tailings strategy, achievement of ramp-up volumes, production estimates and the operational status of the Groto do Cirilo Project, and other forward-looking information. All statements that address future plans, activities, events, estimates, expectations or developments that the Company believes, expects or anticipates will or may occur is forward-looking information, including statements regarding the potential development of mineral resources and mineral reserves which may or may not occur. Forward-looking information contained herein is based on certain assumptions regarding, among other things: general economic and political conditions; the stable and supportive legislative, regulatory and community environment in Brazil ; demand for lithium, including that such demand is supported by growth in the electric vehicle market; the Company's market position and future financial and operating performance; the Company's estimates of mineral resources and mineral reserves, including whether mineral resources will ever be developed into mineral reserves; and the Company's ability to operate its mineral projects including that the Company will not experience any materials or equipment shortages, any labour or service provider outages or delays or any technical issues. Although management believes that the assumptions and expectations reflected in the forward-looking information are reasonable, there can be no assurance that these assumptions and expectations will prove to be correct. Forward-looking information inherently involves and is subject to risks and uncertainties, including but not limited to that the market prices for lithium may not remain at current levels; and the market for electric vehicles and other large format batteries currently has limited market share and no assurances can be given for the rate at which this market will develop, if at all, which could affect the success of the Company and its ability to develop lithium operations. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the current annual information form of the Company and other public filings available under the Company's profile at www.sedar.com .

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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SOURCE Sigma Lithium

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/01/c5965.html

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SIGMA LITHIUM JOINS VICE PRESIDENTIAL TRADE MISSION TO CHINA IN BEIJING; PARTICIPATES IN ASPEN INSTITUTE-COLUMBIA UNIVERSITY GLOBAL ENERGY FORUM IN BRAZIL

SIGMA LITHIUM JOINS VICE PRESIDENTIAL TRADE MISSION TO CHINA IN BEIJING; PARTICIPATES IN ASPEN INSTITUTE-COLUMBIA UNIVERSITY GLOBAL ENERGY FORUM IN BRAZIL

HIGHLIGHTS

  • Sigma Lithium has been honored with the participation in a trade mission to China invited by ApexBrasil, the export and investment trade agency of the Brazilian Government, from June 5 – 7 th , during COSBAN, to mark the 50 th anniversary of diplomatic relations between the countries
    • The Company's Co-Chairperson and CEO, Ana Cabral, will be moderating and participating in dialogues with the thematic "New Industry and the Role of Critical Minerals to the Energy Transition" and "Financing Sustainable Development, a Brazil-China Climate and Finance Dialogue."
    • On the trip, Sigma Lithium will join some of the most successful Brazilian companies in each of their respective sectors: Vale, Embraer (Aircrafts), Suzano (Pulp and Paper), WEG (Industrials), Prumo (Logistics), Bradesco (Bank), BRF (Foods)   .
    • The trade mission for private sector companies is comprised of participation in symposiums organized by ApexBrasil, CEBRI, CEBC, ICS, and Asian Infrastructure Investment Bank, with the objective to discuss joint opportunities to foster and increase trade and investments between China and Brazil
    • Sigma Lithium's participation in the trade mission is an integral part of a series of initiatives by the Company to highlight the protagonism of the Brazilian lithium materials industry and its unique capability to enable the decarbonization of global electric vehicle supply chains by consistently delivering Quintuple Zero Green Lithium (zero carbon lithium) in large scale, throughout the pricing cycles.

Sigma Lithium is also pleased to participate and to sponsor (through Instituto Litio Verde) two major global events discussing climate and energy transition convening in Rio de Janeiro in June, as a result of Brazil's protagonist role as G20 host in 2024. Sigma Lithium's Executive Vice President for Business Development, Matthew Deyoe , will represent the Company in the G20 events in Rio.

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SIGMA LITHIUM ANNOUNCES LOADING 22,000t SHIPMENT TO LX INTERNATIONAL AT PREMIUM FIXED FORMULA: 9% OF LME LITHIUM HYDROXIDE

SIGMA LITHIUM ANNOUNCES LOADING 22,000t SHIPMENT TO LX INTERNATIONAL AT PREMIUM FIXED FORMULA: 9% OF LME LITHIUM HYDROXIDE

HIGHLIGHTS

  • Sigma Lithium announces the loading of its ninth shipment, totaling 22,000 tonnes of its high purity Quintuple Zero Green lump lithium concentrate ("Quintuple Zero Green Lithium"), at the Port of Vitoria.   The shipment was sold to LX International, formerly known as LG International.
  • Sigma Lithium achieved a premium price calculated using a fixed-floating formula of 9% of lithium hydroxide quoted at LME. The price formula is final and non-provisional.   Premium prices were achieved through a negotiated, "auction-price discovery" process.
    • The auction process maximizes transparency, leads to a more equitable and fair distribution of risk-reward across the supply chain, and ultimately increases value creation for the Company, an integrated industrial miner-processor of lithium concentrate.
    • In this fixed-floating formula, the final price for the ninth shipment will depend solely on the fluctuations of LME lithium hydroxide benchmark prices one month after the landing of the shipment (M+1).
  • Sigma Lithium will continue to drive its commercial strategy, maintaining control over allocation of the sales of its Quintuple Zero Green Lithium amongst the bidders.

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 has commenced loading its ninth shipment of Quintuple Zero Green Lithium, totaling 22,000 tonnes, at the Port of Vitoria. The Company sold its entire ninth shipment directly to LX International (" LXI "), formerly named LG International.

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SIGMA LITHIUM REPORTS 1Q 2024 RESULTS: MAY SHIPMENT PRICED AT $1,290, INCREASED 25% FROM 1Q; PRODUCTION COSTS AT $397/t, 2ND LOWEST IN INDUSTRY

SIGMA LITHIUM REPORTS 1Q 2024 RESULTS: MAY SHIPMENT PRICED AT $1,290, INCREASED 25% FROM 1Q; PRODUCTION COSTS AT $397/t, 2ND LOWEST IN INDUSTRY

FIRST QUARTER 2024 HIGHLIGHTS ($ USD)

  • Strengthened commercial position in May, achieving a premium price of USD $1,290 /t, at a fixed formula of 9% of lithium hydroxide quoted at LME, delivering:
    • 11% price increase from April
    • 25% price increase from 1Q24 realized sales price (USD $930 /t or $1,035 /t on a 6% basis)
  • Revenues from volumes of Quintuple Zero High Purity Lithium Concentrate sold in 1Q totaled $49.1 million .
    • Sales volumes totaled 52,857/t
    • Production volumes totaled 54,168/t
  • Reduced reported cash cost by 16% from 4Q23 , approaching 3Q cost guidance:
    • FOB cash costs of $462 /t (guidance $420 /t)
    • Cash costs at industrial plant gate averaging $397 /t (guidance of $370 /t)
  • Robust 1Q24 EBITDA margins:
    • 35.3% margins on pro forma EBITDA (3) of $17.4 million , generated by business conducted in 1Q24.
    • 15.8% margins on reported 1Q adjusted EBITDA of $5.9 million .
  • Board of Directors made a Final Investment Decision to build a second Greentech Industrial Plant that will increase production capacity to 520,000/t of Quintuple Zero Green Lithium from the current 270,000 t/year.
  • Extended operational life to 25 years at the Company's 100% owned Grota do Cirilo industrial-mineral complex at an industrial throughput of 520,000 t/year:  Increase of 40% in proven and probable mineral reserves to 77 million tonnes (from 54.8 million tonnes).

Conference Call Information

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SIGMA LITHIUM TO RELEASE FIRST QUARTER 2024 RESULTS MAY 16, 2024, BEFORE MARKET OPEN

SIGMA LITHIUM TO RELEASE FIRST QUARTER 2024 RESULTS MAY 16, 2024, BEFORE MARKET OPEN

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 its financial results for the first quarter ended March 31, 2024 before market open on May 16, 2024 . The release will be followed by an investor conference call the same day at 12:00 p.m. ET.

To register for the call, please proceed through the following link Register here.

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SIGMA LITHIUM INCREASES PROVEN & PROBABLE OPEN PIT MINERAL RESERVE BY 40% TO 77Mt EXTENDING OPERATIONS TO 25 YEARS

SIGMA LITHIUM INCREASES PROVEN & PROBABLE OPEN PIT MINERAL RESERVE BY 40% TO 77Mt EXTENDING OPERATIONS TO 25 YEARS

HIGHLIGHTS

  • Sigma Lithium 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.
  • Increased Proven and Probable Reserves lengthens the duration of Sigma's integrated industrial-mining operations to an estimated 25 years at two phases of processing capacity at 520,000 tonnes/year.

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 is increasing its Proven and Probable Mineral Reserves at its 100% owned Grota do Cirilo operation at Vale do Jequitinhonha by 40%, equivalent to 22.2 million tonnes.

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