The following is a summary of the Sigma Lithium Corporation (SGML) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Sigma Lithium Corporation's Q1 2024 revenue stood at $37.2 million, marking a decrease from Q4 2023 due to provisional adjustments related to prior shipments.

• The company sold 52,857 tons of lithium concentrate during the quarter.

• The operating cash cost per ton was $462, representing a decrease of 16% sequentially, which led to a 50% FOB margin.

• The total adjusted EBITDA was reported as $6 million, reflecting a margin of 16%.

• The company predicts an EBITDA of $17 million, equivalent to an EBITDA margin of 35% for upcoming operations.

• The cash balance at the end of the quarter was $108 million.

Business Progress:

• The company increased its production capacity and plans to double the production by 2025, with construction of phase two already underway.

• Sigma Lithium became the world's second-lowest lithium concentrate producer for the quarter, indicating significant operational efficiency.

• The company increased its mineral reserves by 40%, thereby extending operational lifespan to 25 years.

• Sigma has decided to invest in an expansion to double annual production to 520,000 tons, demonstrating ambitious growth plans.

• The company established itself as a leading global lithium provider, ranking fourth-largest in terms of lithium mineral complexes.

• Significant progress was made in securing trade lines in Brazil, enabling reliable financing for their construction plan.

• Operational cost reductions were achieved via effective use and recycling of resources.

• The company aims to increase annual production capacity to 770,000 tons by 2026 and is considering building an integrated intermediate chemicals line connected to the third line in 2026.

More details: Sigma Lithium IR

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