Sigma Lithium Corporation · NASDAQ:SGML
Sigma Lithium — Investor Presentation (February 2026)
27 slides from Sigma Lithium's investor presentation, February 2026
Slide 1: Operational and Business Strategy Update
Operational and Business Strategy Update February 2026 : SGML : SGML : S2GM34
Slide 2: Disclaimer
Disclaimer 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 any jur
Slide 3: Disclaimer
Disclaimer (…) to risks associated with its reliance on consultants and others for mineral exploration and exploitation expertise; The current COVID-19 pandemic could have a material adverse effect on Sigma’s business, operations, financial condition and stock price; If Sigma is unable to ultimately
Slide 4: Leading Producer Resilient to Cycles: 3 Year Track Record
Leading Producer Resilient to Cycles: 3 Year Track Record Operational discipline, delivered on all fronts Reduced short term debt Client financing: April 2023 strengthened commercial strategy Lowest cost producer Greentech Plant operation upgraded and more efficient Increased mineral reserves by 40%
Slide 5: Strategic Priorities
Strategic Priorities Deleveraging and Strengthening the Balance Sheet - Deleveraging via offtakes + client advancements for working capital - Continue to lean on suppliers for working capital Lowering All-In Sustaining Costs Even Further - Mining costs to be reduced substantially following the minin
Slide 6: Sale of Lithium Fines: Proven Industrial Cleantech-Enabled Additional Revenues
Sale of Lithium Fines: Proven Industrial Cleantech-Enabled Additional Revenues page 6
Slide 7: Mining Capacity to Match that of Greentech Industrial Plant 3.0
Mining Capacity to Match that of Greentech Industrial Plant 3.0 Upgrade to support increased capacity Plant 2.0 – 2023 Plant 3.0 – Current Module 3: Tailings dry-stacking and total Module 1: Increase in efficiency reengineering of the water reusage circuit Module 2: Optimization of recoveries via re
Slide 8: Mining Operation Upgrade
Mining Operation Upgrade A restructuring took plance in 4Q25 and nameplate capacity is expected to be reached in 1Q26 • Pivot to in-housing mining operation (instead of outsourcing) • Larger machinery: more productivity • Ramp-up is structured along equipment deployment plan • Leased equipment follo
Slide 9: Greentech Plant 3.0 Upgrade Was Not Accompanied By Mining
Greentech Plant 3.0 Upgrade Was Not Accompanied By Mining: Plant Outperformance Compensated for Mine Increased plant recoveries of 70% Mine did not keep up with industrial plant upgrades concluded in Nov-24 (“Greentech 3.0”) Mining operational upgrade was required: reassessed mining plan Lar
Slide 10: We Mastered the DMS Technology for Lithium Processing
We Mastered the DMS Technology for Lithium Processing: Greater Efficiency and Reliability During 2025 To be Matched by Mining Operations PLANT ALREADY OPERATING Plant back to processing high grade material Over 70% recoveries at plant level MINING UPGRADED Reassessment of mining plan and geome
Slide 11: Over 2 Years with ZERO Accidents
Over 2 Years with ZERO Accidents Achieved a low-cost position while maintaining operational excellence One of the World’s Best Safety Records • Employee engagement & safety processes • Direct connection to factory floor • Enhanced performance • Cost optimization (1) Without Lost Time Injury (LTI) YT
Slide 12: Funded to Deliver Growth: Capacity Expansion Outlook
Funded to Deliver Growth: Capacity Expansion Outlook Annual Nameplate Capacity (tonnes of LCE) 2027 FY 2028 FY Current Capacity (1) Phase 2 Expansion (1) Phase 3 Expansion 770,000 520,000 270,000
Slide 13: Phase 2 Expansion Update
Phase 2 Expansion Update Existing infrastructure of mining operations and Greentech Plant 1 to support the development of Phase 2 Construction Progress P1 P2 Water Pipelines In Place Power Substation In Place Moving High Voltage Power Lines In Place Sewage Water Treatment Plant In Place Support Infr
Slide 14: Cashflow Generation Outlook
Cashflow Generation Outlook Low-cost position makes Sigma Lithium resilient to lithium market volatility Estimated Estimated Production volumes and costs per tonne (US$/t) 12 Month Period 2027E (Phase 1 Only)* (Phases 1 & 2) Production volumes 220,000t 270,000t 520,000t CIF China run rate cash cost
Slide 15: Financial Update
Financial Update
Slide 16: Maintained Low-Cost Position in 3Q25
Maintained Low-Cost Position in 3Q25 (1) (2) Plant Gate Cost CIF Cash Cost with Royalties All In Sustaining Costs (3) US$/Tonne US$/Tonne US$/Tonne +5% +6% +7% $692 $660 +23% +22% $551 $543 $515 $513 $511 $458 $442 $424 $427 $397 $395 $364 $349 $348 $318 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 1Q24 2Q24
Slide 17: CIF China US$/t Cost of Lithium Concentrate
Low-Cost Resilience & Responsible Sourcing Maintained the highest sustainability and ethical sourcing standards Hard-Rock Lithium CIF China Cost-Curve 1,400 1,200 CIF China US$/t Cost of Lithium Concentrate Nov 25 Prices ($1,000) 1,000 800 Sept 25 Prices ($830) 2Q25 Prices ($630) 600 Restarted” 400
Slide 18: Balance Sheet Highlights
Balance Sheet Highlights US$ Millions Assets 3Q25 Liabilities 3Q25 Cash 6.1 Short trade finance 36.7 Accounts receivables 19.7 Long term debt 113.3 Inventories 22.3 Suppliers 54.9 Property, plant and equipment 171.4 Shareholders’ Equity 83.8 • Short term trade finance reduced in 2025 to the end of N
Slide 19: 3Q25 Cash Position: Commercial Success Resulted in Incremental Cash
3Q25 Cash Position: Commercial Success Resulted in Incremental Cash from Final Settlements with Trade Partners Cash Flow Bridge (US$ M) Description Trade receivables booked in $20 1 3Q25 @ US$ 847/t (provisional price)(2) 1 3 $33 Increase in Trade ($27) 2 Receivables @ US$1,070/t $30 2 $8 (current p
Slide 20: Export Prepayment Trade Finance (US$ M)
Paid Down Short-Term Debt with Cash Flow Generation in 2025 Clients advanced the payments for shipments Short-Term Trade Finance Facilities $ 120 50.00% $101 45.00% Export Prepayment Trade Finance (US$ M) $ 100 $90 40.00% 35.00% $ 80 Interest % per Year -60% 30.00% $59 $60 $ 60 25.00% $51 $43 20.00%
Slide 21: Suppliers: Days of Payables Down 12% QoQ in 3Q25
Suppliers: Days of Payables Down 12% QoQ in 3Q25 US$ Millions 70.0 M Net suppliers 95 days In dispute(1) 89 days (2) In dispute subject to reclassification 85 days 60.0 M (3) Net days of payables (excluding in dispute) 78 days 75 day s 50.0 M 65 days 58 days 19.2 M 57 days 55 days 40.0 M 12.9 M 45 d
Slide 22: Commercial Strategy
W\2 GMA “LITHIUM SI Commercial Strategy
Slide 23: Maintain Optimum Commercial Strategy Achieved in 2025
Maintain Optimum Commercial Strategy Achieved in 2025 Pricing strategy efficiently captures price cycles, despite price volatility Sigma Final Prices vs Provisional Prices (US$/t) Provisional Price Final Price SC6 Lithium Concentrate $1,200 1200 Liberation Day Lithium Prices Volatility $1,000 1000 $
Slide 24: 2026E Offtake Agreements: Enabled Mining Upgrade
Offtake Agreements: Enabled Mining Upgrade Agreed Volume US$ M Description Use of Proceeds Status Upon Term 3 months Market Prices Prepayment of production until 80,000t (US$ 80 M @ March 30, 2027 Working capital (rolling) 1,000/t) 2025 Leased Upgrade of mining 11,000t 3 years Equipment Long-Term of
Slide 25: Summary
Summary
Slide 26: 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 Largest Supply Advantage to Africa Chains Low Construction Capex Management Speed of Location in Developed = Execution Mining
Slide 27: Sigma Lithium
V\ 4 SIGMA LITHIUM
Sigma Lithium — Investor Presentation (February 2026) on 6ix