This news is based on a press release statement from Sigma Lithium (TSXV:SGML) Corporation, which includes forward-looking statements about the company's business outlook and operational status. However, these forward-looking statements are based on assumptions and are subject to risks and uncertainties that could affect actual results. The stock currently trades at $4.40, significantly below its 52-week high of $9.15, though InvestingPro analysis suggests the shares are currently undervalued based on their proprietary Fair Value model. The stock currently trades at $4.40, significantly below its 52-week high of $9.15, though InvestingPro analysis suggests the shares are currently undervalued based on their proprietary Fair Value model.
The provisional price for this shipment, based on 6% lithium oxide (Li2O) content and CIF China terms, is pegged at 8.25% of the battery-grade lithium carbonate price on the Guangzhou Futures Exchange (GFEX) as of the shipment date.
Sigma Lithium has achieved a milestone in its production capabilities with the Greentech Industrial Plant operating at full capacity, following a series of efficiency initiatives. The plant's output reached over 850 tonnes per day of lithium oxide consistently, with peak days hitting 900 tonnes. This has allowed the company to hit an annualized production run rate of 270,000 tonnes, with expectations to maintain this level moving forward.
Ana Cabral, CEO of Sigma Lithium, stated, "Our ability to maintain a consistent monthly shipment cadence is a clear reflection of our operational excellence, and reliability as a mature producer." She also highlighted the stable production process enabled by their proprietary dense media separation technology.
Sigma Lithium's partnership with IRH in Abu Dhabi is part of their strategy to adapt to the seasonal demands of lithium and to maximize business performance. With Phase 1 of their operations running at full capacity, the company is now focusing on replicating this success with the construction of a second Greentech Industrial Production Plant.
This news is based on a press release statement from Sigma Lithium Corporation, which includes forward-looking statements about the company's business outlook and operational status. However, these forward-looking statements are based on assumptions and are subject to risks and uncertainties that could affect actual results. The stock currently trades at $4.40, significantly below its 52-week high of $9.15, though InvestingPro analysis suggests the shares are currently undervalued based on their proprietary Fair Value model.
Sigma Lithium is recognized for its commitment to environmental and social sustainability in the electric vehicle battery materials supply chain, producing carbon-neutral lithium without the use of carbon-intensive energy, potable water, toxic chemicals, or tailings dams.
This news is based on a press release statement from Sigma Lithium Corporation, which includes forward-looking statements about the company's business outlook and operational status. However, these forward-looking statements are based on assumptions and are subject to risks and uncertainties that could affect actual results.
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