Slide 1: Corporate Presentation November 2023
Corporate Presentation November 2023 : S2GM34 Leading Global Producer of Triple Zero Green Lithium
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 (…) Sigma is subject to liquidity risk and therefore may have to include a “going concern” note in its financial statements; Sigma may not be able to obtain sufficient financing in the future on acceptable terms, which could have a material adverse effect on Sigma’s business, results of o
Slide 4: The Next Major Lithium Producer
The Next Major Lithium Producer ✓ First Triple Zero Green Lithium Produced in April 2023 ✓ First Shipment of Triple Zero Green Lithium and Triple Zero By- Products Shipped in July 2023 ✓ 2023 full-year Triple Zero Green Lithium production of 130 kt expected High Purity Lithium, Responsibly Sourced p
Slide 5: Sigma Lithium 3.0: Investment Highlights
Sigma Lithium 3.0: Investment Highlights Initial production successfully achieved at the world’s next tier-1 sustainable lithium operation 1 Large Scale Triple Zero Green Lithium Production • Becoming One of the World’s Largest Lithium Producers • Run-rate annual production of 270,000 tonnes (37,000
Slide 6: Corporate Structure
Corporate Structure Strong balance sheet and concentrated institutional ownership Capitalization Summary (1,2) USD Share Price (NASDAQ:SGML) Shares Outstanding (MM) 109.4 SGML Traded Value (Nasdaq & TSXV) SGML Share Price (Nasdaq) NASDAQ (Indexed to SGML) 52-Week Range (3) (US$) $24.07-$43.18 $50.00
Slide 7: Operations in Brazil: Strategically Located for the EV Supply Chain
Operations in Brazil: Strategically Located for the EV Supply Chain Located in one of the world’s largest mining provinces with existing infrastructure, including roads, water, clean power and port access Favorable Atlantic Port Location Nearby Infrastructure Water License for Shipping: Vitoria Port
Slide 8: Delivered Significant Environmental & Social Impact Programs
Delivered Significant Environmental & Social Impact Programs UN SDGs drive all business decisions, lead by the ESG Committee Corporate Mission Guidance (UN SDGs) UN Case Study on “Green Mining” Scope 1 Impact Scope 2 Impact ✓ Minimal water impact ✓ 100% green hydro power used ✓ No hazardous chemical
Slide 9: Phase 1 Production
-s Phase 1 Production
Slide 10: Ability to Scale Up Production Organically: Large Mineral Reserve
Ability to Scale Up Production Organically: Large Mineral Reserve Significant growth profile with 104 kt LCE in annual production - further growth potential via the Phase 2 & 3 expansion (utilizing Phase 1 infrastructure) Phase 4: Potential for additional line 800 Run-Rate Production Forecast (kt) P
Slide 11: Production Re-Rate Potential
Production Re-Rate Potential Sigma is one of the few producers that could reach the 100,000t LCE threshold Producers Next Cycle Producers Net US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ Debt 1.6 B 0.9 B (0.5) B (2.0) B ~0.0 B (0.3) B (0.2) B (0.1) B (0.1) B (0.3) B ~0.0 B (0.1) B (0.
Slide 12: High Quality and Low-Cost Battery Grade Lithium Concentrate
High Quality and Low-Cost Battery Grade Lithium Concentrate Unique high grade, high purity and coarse-grained concentrate enables low-cost lithium chemical production and cost savings C1 Cash Costs ($/t) (1) Low Impurities Coarse Spodumene Iron Oxide Content (%) Sigma’s Dry Coarse Australian Wet Fin
Slide 13: Superior Quality Determines Commercial Advantage: Premium Pricing
Superior Quality Determines Commercial Advantage: Premium Pricing Sigma’s Dry Coarse Sigma’s Tailings High Purity Lithium, Responsibly Sourced page 13
Slide 14: Production of Triple Zero Green Lithium
Production of Triple Zero Green Lithium High Purity Lithium, Responsibly Sourced page 14
Slide 15: Initial Shipment of Triple Zero Green Lithium
Initial Shipment of Triple Zero Green Lithium High Purity Lithium, Responsibly Sourced page 15
Slide 16: Greentech Plant Crushing Circuit
Greentech Plant Crushing Circuit High Purity Lithium, Responsibly Sourced page 16
Slide 17: Greentech Plant DMS Circuit
Greentech Plant DMS Circuit High Purity Lithium, Responsibly Sourced page 17
Slide 18: Greentech Plant Power Substation
Greentech Plant Power Substation High Purity Lithium, Responsibly Sourced page 18
Slide 19: Phase 1 Open Pit Mining
Phase 1 Open Pit Mining High Purity Lithium, Responsibly Sourced page 19
Slide 20: Piaui Seasonal Stream Bridge Completed
Piaui “Seasonal Stream” Bridge Completed High Purity Lithium, Responsibly Sourced page 20
Slide 21: Activity Accelerated with Workforce Increasing to >1,000
Activity Accelerated with Workforce Increasing to >1,000 High Purity Lithium, Responsibly Sourced page 21
Slide 22: Phase 2 & 3 Expansion
-s Phase 2 & 3 Expansion
Slide 23: Phase 2 & 3 to be Fully Integrated with the Phase 1 Operations
Phase 2 & 3 to be Fully Integrated with the Phase 1 Operations Streamlined construction of Phase 2 & 3 production line expected to be built alongside the Phase 1 production line currently being constructed High Purity Lithium, Responsibly Sourced page 23
Slide 24: Expansion Greentech Plant & Infrastructure
Expansion Greentech Plant & Infrastructure High Purity Lithium, Responsibly Sourced page 24
Slide 25: Large Scale Operation
Large Scale Operation Sigma will be one of the largest and highest-grade lithium producers globally Market Market Producers (kt LCE) Capitalization Next Cycle Producers (kt LCE) Capitalization 180 238 US$13.6 B $0. 6 80 US$1.1 B 188 232 US$14.4 B US$6.3 B 76 US$2.4 B 54 119 Volume (TSXV) Total Deb t
Slide 26: Projected Margins (Combined Phases 1, 2, 3)
Projected Margins (COMBINED Phases 1, 2, 3) Overview of Projected Margins Strong Operating Margins 5.5% Li2O Battery-Grade Lithium Concentrate Battery-Grade Lithium Concentrate Price vs. Cash Costs Run-Rate Phase 1 Run-Rate Phase 1, 2 & 3 Total Average C1 Cash Cost Total Cash Cost (CIF China) Sigma
Slide 27: Pre-Feasibility Study NPV Sensibility Analysis
Pre-Feasibility Study NPV Sensibility Analysis Phase 1, 2 & 3 Net Present Value 766 ktpa Run-Rate Battery-Grade Lithium Concentrate Production $9.9 Current Spot Price @5.5% $6.0 $5.0 $4.0 $1,500 $1,750 $2,000 $3,000 High Purity Lithium, Responsibly Sourced Source: the Updated Technical Report. Curre
Slide 28: Phase 4 Potential
ay Phase 4 Potential Vv
Slide 29: Significant Potential for Growth as EV Demand Accelerates
Significant Potential for Growth as EV Demand Accelerates Current focus is on just one part of the broader land package and only 4 of the 9 former operating lithium mines have NI 43-101 mineral resource estimates to date High Purity Lithium, Responsibly Sourced page 30
Slide 30: Production Profile
Production Profile Growth expected to position Sigma Lithium as one of the world’s largest suppliers of Battery Grade Sustainable Lithium Concentrate Run-Rate Project Production Profile (‘000 t) Phase 1 Phase 2 & 3 Expansion 804 811 781 774 766 739 703 518 522 504 504 504 487 517 511 471 471 435 504
Slide 31: Appendix
Appendix
Slide 32: Engaged, Diverse and Accountable Board of Directors
Engaged, Diverse and Accountable Board of Directors Seasoned Board of Directors combining technical, operations and capital markets expertise Chairperson Gender ANA CABRAL-GARDNER MARCELO PAIVA Diversity Co-Chairperson & CEO Co-Chairperson • Co-Founder and Managing Partner at A10 Invest • Co-Founder
Slide 33: Debt Financing Overview
Debt Financing Overview Definitive agreement signed with Synergy Capital (one of the Company’s current shareholders, based in the United Arab Emirates) for up to US$100 million of senior secured pre-export financing Sources (US$ millions) Phase 2 & 3 Pre-Production Capex (US$ M) (2) Debt Financing T
Slide 34: "Green Mining" Case Study: Tailings
“Green Mining” Case Study: Tailings Committed to operating in an environmentally-friendly way (scope 1) Tailings to be dry stacked (no tailings dams), enabling the potential to upcycle tailings High Purity Lithium, Responsibly Sourced page 35
Slide 35: Mineral Reserves and Mineral Resources
Mineral Reserves (1) Mineral Resources (inclusive of Mineral Reserves) (1,5) Xuxa Deposit (Phase 1) (6) Xuxa Deposit (Phase 1) (6) Category Ore (Mt) Li2O Grade (%) Li2O (KT) LCE (Kt) Category Ore (Mt) Li2O Grade (%) Li2O (KT) LCE (Kt) Proven 8.3 1.55% 130 320 Measured 10.2 1.59% 162 401 Probable 3.5