Significant Revenue Increase
Sigma Lithium's revenues increased by 69% quarter-on-quarter and by 36% compared to the third quarter of last year. Pricing also increased by 33% versus last quarter.
Financial Discipline and Deleveraging
The company reduced short-term trade finance debt by 43% this year and managed to increase cash by 42% versus last quarter. Current cash is $21 million plus $8 million in trade receivables.
Operational Excellence and Safety
Sigma achieved 787 consecutive days without accidents with lost time injury, demonstrating operational excellence and safety standards.
Commercial Strategy Success
The company successfully captured higher final prices, resulting in a cash boost, with current cash position at $21 million and $33 million potential from lithium middlings sales.
Offtake Agreements and Expansion Plans
Sigma plans to announce multiple offtake agreements, supporting its expansion plans with significant client support for financial growth.