Sigma Lithium Corporation · NASDAQ:SGML
Sigma Lithium — BMO Global Metals, Mining & Critical Minerals Conference 2025
24 slides from Sigma Lithium's conference presentation, February 2025
Slide 1: Year One in Review: Operational Success and Strategic Growth Ahead
Year One in Review: Operational Success and Strategic Growth Ahead BMO Global Metals, Mining & Critical Minerals Conference February 2025 : SGML : SGML : S2GM34
Slide 2: Disclaimer (1/2)
Disclaimer (1/2) No Offer or Solicitation Regarding Securities This presentation has been prepared by Sigma Lithium Corporation (“Sigma”) for general information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of Sigma or its affiliates in a
Slide 3: Disclaimer (2/2)
Disclaimer (2/2) Sigma’s operations and financial condition; Any limitation on the transfer of cash or other assets between Sigma and Sigma’s subsidiaries, or among such entities, could restrict Sigma’s ability to fund its operations efficiently; Sigma is subject to risks associated with its relianc
Slide 4: One of the World's Major Lithium Producers
Sigma Lithium Highlights: One of the World’s Major Lithium Producers 100% Owned Large-Scale Industrial Mineral Producing Complex Growing to Triple Capacity to 120,000t LCE by 2026 Growth: Triple Industrial Production Scale: 5th Largest Producing Mineral Financial Resilience Capacity Complex Globally
Slide 5: Sigma Lithium is an Integrated Industrial and Mineral Operation
Sigma Lithium is an Integrated Industrial and Mineral Operation: Industrial Proprietary Cleantech to Process Lithium Producing Lithium Oxide Concentrate in an Environmentally Sustainable Process Greentech Lithium Industrial Plant: 100% Owned Tier 1 Mines: • 70% Lithium Recovery • 150Mt @ 1.4% Li2O •
Slide 6: Brazil is an Ideal Operational Location for Lithium
Brazil is an Ideal Operational Location for Lithium: Low-Cost Country, Sizable Logistics Infrastructure, Strong Rule of Law, Stable Economy One of the world’s largest and most established mining countries: Iron Ore, Niobium, Bauxite, Copper, etc. Proximity to Atlantic Port: Low-Cost Logistics Brazil
Slide 7: Sigma Built a Resilient Company Thriving Throughout Lithium Price Cycles
Sigma Built a Resilient Company Thriving Throughout Lithium Price Cycles Large Scale Production 1. Speed of Execution 2. Low Capex: Developed Mining & Industrialized State in Brazil 3. Low-Cost Operating Country Traceability: Zero Accidents & Low Production Cost Highest Environmental Standards
Slide 8: Large Scale: Sigma is the 5th Lithium Industrial Mineral Producing Complex Globally
Large Scale: Sigma is the 5th Lithium Industrial Mineral Producing Complex Globally – Production of 25 Years at Double Capacity Estimated Projected Mineral Resource Estimates @ 150Mt: Ability to Significantly Grow as Only 25% of Land Package was Drilled Contained Lithium Tonnage (Mt LCE) M&I Grade (
Slide 9: Sigma Lithium Became a Large Integrated Lithium Producer Within 18 Months
Sigma Lithium Became a Large Integrated Lithium Producer Just Within 18 Months from First Shipment 2024 Production Capacity (in kt LCE) Peer 1 200 Peer 2 180 Sigma 2027 120 Peer 3 100 +50% Peer 4 90 Sigma 2026 80 Peer 5 80 Peer 6 66 +100% Peer 7 50 Sigma 2025 40
Slide 10: Sigma Lithium Delivers on the Challenge
Sigma Lithium Delivers on the Challenge Achieved Low-Cost Production, Ethically Sourced, Without Sacrificing Sustainability Hard-Rock C3 cost-curve 1,400 1,200 1,000 US$ per tonne of SC 6%, 800 600 400 200 - - 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 Spodumene Concentrate, kto
Slide 11: Achieved Operational Excellence: One of the Safest Mining Companies
Achieved Operational Excellence: One of the Metals and Mining Industry Safest Companies. Second Ranked at ICMM Traceability = Low Cost Production Without Sacrificing Workers Safety 1.24 TRFIR(1) 0.0 Fatalities 555 Days Over 1.5 years without an injury (1) International Council on Mining and Metals (
Slide 12: We Successfully Solved The Puzzle of Competitive Advantage
We Successfully Solved The “Puzzle of Competitive Advantage” Scale + Low Costs Traceability + Low Costs Scale + Traceability = = = Price Cycle Resilience Competitive Sells to Lagest Supply Chains Advantage to Africa Low Construction Capex Management Speed of Location in Developed = Execution Mining
Slide 13: Sigma Achieved Operational Excellence with Financial Performance Above Targets in 2024
Sigma Achieved Operational Excellence with Financial Performance Above Targets in 2024 Current Production CIF Cash Cost FY 24E Annualized FY25E Underlying Revenue FY 24E US$ 494 /t 270,000t US$ 181 mm CIF Cash Cost 4Q 24E Produced 4Q 24 Excl. 2023 provisional price adjustments 77,000t US$ 427 /t Pro
Slide 14: Achieved Operational Cadence of Production & Sales Volumes @ 270,000 t/y
Achieved Operational Cadence of Production & Sales Volumes @ 270,000 t/y Tonnes Sold by Quarter 74,000 2025E: ~270,000t 67,500 67,500 67,500 67,500 64,674 57,483 52,857 52,572 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25E 2Q25E 3Q25E 4Q25E
Slide 15: Maintained Cash Cost Discipline: One of the Lowest in the Industry
Maintained Cash Cost Discipline: One of the Lowest in the Industry Further potential reductions as volumes increase in 2025 (1) (2) (3) Plant Gate Cost FOB Cash Cost CIF Cash Cost with Royalties USD/Tonne USD/Tonne USD/Tonne -23% $551 -21% $515 $513 -20% $462 $449 $424 $427 $397 $395 $364 $367 $318
Slide 16: Sigma has a Low-Cost Advantage and Remains Resilient Through Market Cycles
Sigma has a Low-Cost Advantage and Remains Resilient Through Market Cycles Cost guidance for 2025 based on achieved 2024 targets Net Price Scenarios (Adj. for Lithium Oxide Grade) US$800/t US$900/t US$1,000/t CIF China Cash Cost and Royalties (US$/t) ($500) ($500) ($500) Recurring SG&A (US$/t) ($55)
Slide 17: 18 Months as a Leading Producer: Growth, Operational Resilience
18 Months as a Leading Producer: Growth, Operational Resilience Maintained Low Costs While Achieving Scalable Growth Fully Funded Construction to Double Capacity with Subsidized Development Bank Loan Significant Improvements to Greentech Plant: ~300,000t Annualized Production in 4Q24 Increased Miner
Slide 18: Phase 2 Expansion: Double Production Capacity to 520,000t/y
Phase 2 Expansion: Double Production Capacity to 520,000t/y
Slide 19: Sigma's Management Speed of Execution: Successful Track-Record
Sigma’s Management Speed of Execution: Successful Track- Record on Building Current Operations on Time on Budget May 2022 April 2023 ~1 year
Slide 20: Building Phase 2 will be Significantly Faster Because of Current Infrastructure
Buiding Phase 2 will be Significantly Faster Because of Current Infrastructure and Mining Operations of Phase 1 Plant Part P1 P2 Water Pipelines X Power Substation X Greentech Line Moving High Voltage Power Lines X Sweage Water Treatment Plant X Support Infrastructre X Pre-Strip Mine 2027 Mine Infra
Slide 21: Phase 2 Fully Financed by BNDES Loan
Phase 2 Fully Financed by BNDES Loan Highly Attractive Development Loan for Project Financing Financial Committment: BRL 487 mm First loan disbursement pending bank guarantee. Will reimburse capex spent 99% Capex since 1Q24 Terms: Maturity: 16 Years Grace Period: 18 Months % Fixed Interest Rate: USD
Slide 22: Sigma Lithium Continues its Expansion to Cement Global Leadership
Sigma Lithium Continues its Expansion to Cement Global Leadership in Lithium Industry Organic Growth Plans to Reach 120,000t of LCE Capacity by 2026 Nameplate Capacity (tonnes of LCE) 2024: Efficiency 2025: Completion of 2026: Completion of 2027: Completion of Initiatives to Plant 1 Phase 2 Plant Ph
Slide 23: Among the Lowest Capex-Intensive Projects in the World
Among the Lowest Capex-Intensive Projects in the World Sigma is the incremental supplier to meet growing demand Project Capex Intensity Comparison Sigma’s P2 Leads in Capex Intensity Bubble size = capex efficiency ratio (USD millions) / production capacity Capex intensity ratio = capex (USD millions
Slide 24: SIGMA
W\4 SIGMA LITHIUM
Sigma Lithium — BMO Global Metals, Mining & Critical Minerals Conference 2025 on 6ix