Sigma Lithium Corp. (TSXV:SGML) – Notable News

October 17, 2023

Sigma Lithium Corp. (TSXV:SGML, NASDAQ:SGML, BUY, C$75.00 target, David A. Talbot) is expected to complete its third shipment of 20kt Li by truck to Vitoria Port by October 20^th. Following the completion of this third shipment, the company will have shipped a total of 50kt Li (read here and here). Phase 1 annual production capacity ramp up to 270,000 tpa is underway. Looking ahead, we anticipate further project developments in the near-term with assays from Phase 4 drilling and an updated mineral resource estimate. Based on Phases 1 – 3, the expansion study outlines the Grota do Cirilo project generating an after-tax NPV_8% of US$15.3B with an IRR of 1,273% (read note). This would make it the 4^th largest Li producer with the 2^nd lowest costs and 3^rd highest grades. Read more

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Sigma Lithium Corp. – TSXV:SGML

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