Operational Excellence Achieved
Sigma Lithium exceeded its production targets, achieving 60,237 dry metric tonnes, with a record plant DMS recovery of 70% and global recoveries of 55%. The company also advanced the construction of a second plant and maintained a strong safety record with 43 days without accidents.
Financial Performance and Cash Flow
Sigma delivered robust financial performance with $44.2 million in sales revenue, $34.5 million in operational cash flow, and a low cash cost of $513 per tonne. The company maintained a healthy cash balance of $65.7 million and signed a $487 million BNDES Development loan with favorable terms.
Commercial Strategy Success
Sigma successfully shifted its commercial strategy to selling through traders as distributors, achieving higher realized prices and capturing more value. This strategy resulted in prices 19% above the benchmark in the summer seasonality.
Strategic Expansion Plans
Sigma announced plans to expand production capacity to 100,000 tonnes per year of LCE equivalent by 2026, with a focus on building a lithium sulphate chemical plant and increasing production efficiency.