Sigma Lithium Corporation WKN: A3CTYQ ISIN: CA8265991023 Kürzel: SGML Forum: Aktien Thema: Hauptdiskussion

Vielleicht wird im conference call danach gefragt.

Das war heute am Tageshoch ein Plus von 41,3%! Verständlicherweise setzen da Gewinnmitnahmen ein. Aber wichtig ist der Trend. Und der geht in die richtige Richtung. Bin schon gespannt ob sich der Short Seller auch wieder meldet. Der kommt bei solchen Anstiegen ordentlich unter Druck.

Zumindest nach der Zeitschiene für Phase 2 wurde im conference call gefragt. "... More specifically, when do you currently expect plant two to begin commissioning, and how long do you expect the ramp-up to full capacity to take? Ana Cabral, Co-Chair and CEO, Sigma Lithium: We are going to have another presentation on plant construction, but we’ll tell you what we’re planning to do now. As we’ve shown in a slide previously, what there is between us and new production is essentially resuming ordering equipment, assembling equipment, and commissioning that plant. That can be done quite rapidly. If we use a timetable from the previous plant, it can be easily done in under a year. We are going to order equipment in the summer after the close of the second quarter. The reason being the offtake we just signed will be the main driver for us to deposit and prepay the equipment that we need to build plant two. We believe that it will take us anything between 8-12 months to actually build and commission that line. Plant two will be fully commissioned early 2027. As a result, the guidance for 2027 is not a guidance for production, it’s a guidance for installed production capacity, and we will be further updating the markets as that unfolds. What we can say is we’re almost there. We’re three-fifths of our timetable accomplished in the construction of plant two, and what stands between us and that level of production is purchasing, building, and commissioning, which we’ve shown we can do quite rapidly."

Nach Phase 3 wurde auch noch gefragt. "... Please detail the timing of phase two and three to completion, both 2028. Anything more specific? Ana Cabral, Co-Chair and CEO, Sigma Lithium: Well, I was mentioning what we’re gonna do on phase two. Again, we’re gonna keep giving the markets updates pretty regularly on that. Phase two, by the summer, we’re gonna be ordering equipment. Close second quarter, order equipment. As we demonstrated, that will be funded by the growth offtake we signed. $50 million are more than enough to prepay or deposit towards the equipment we need. To be specific, now what’s between that ordered equipment and production is essentially assembly. In the previous plant, we had 1,000 men on site assembling that plant, you know, that line. That was done in 8 months. We used what we call air procurement for some of the parts that were delayed so that we could cut short delivery times. We use a lot of what we call acceleration techniques, which in this budget are factored in. If we use the accelerated timetable, it means we’re gonna spend under $7 million for extra men, extra shifts, and air freight for some of the equipment. What does that mean? It means that we could have built a plant by the first quarter 2027, assuming we start in the summer. Then there’s commissioning. What is the advantage of doing a plant that is a carbon copy of a plant we’ve been operating by then for almost four years? That is the plant we really know. As a result, we believe we can cut commissioning times significantly, and more importantly, start benefiting from the get-go, begin with the same levels of recoveries. Instead of starting with 50% recoveries up to 70% recoveries, we went from the 2.0 version of the plant to the 3.0 version of the plant. Without being more specific, we’re quite confident that we’re gonna have plant two by, you know, any time in the first half of next year. That’s the reason why we’re making a clear distinction between installed production capacity and production. Production is dependent on the commissioning, and we’re gonna keep the market closely updated as we go along. Now, plant three. Plant three is what we’re very proud of actually, because given our operational success, given our cost resilience, and given our strength as a business throughout cycles will be shown basically in 2025 has not gone unnoticed by the main development banks throughout the world, by the main players throughout the world, by the main financiers throughout the world. We do have dialogues going on for building plant three. Building plant two and three together is not new. In fact, in December 2022, when we filed our DFS for expansion, that was the plan. Much so that we invested in building infrastructure for three lines. The goal was to do one, two, and three sequentially and maximize what we call construction synergies. Unfortunately, lithium took a tumble in 2024, and we quickly aborted that plan, and we stuck to just the first plant. By the end of 2024, we resumed plant two, and we went all in. Again, with the volatility of tariffs in 2025, we aborted that plan, and we stuck to plant one. Doing one, two, three is actually what we have been designing this industrial complex for. Why? We spent the money in the infrastructure, and that was not a small feat, meaning we have the water to feed three lines. We’re licensed to feed three lines. We have the sewage in-bound treatment station to feed three lines. We have the power substation to feed three lines. From an infrastructure point of view, we are ready for three lines, and this is why we’re delighted to actually say that that has not gone unnoticed. We have, let’s say, no shortage of choices from where to get funded with the appropriate kind of debt, development financing debt, to build these three lines."

Gibt es irgendwo Mitschriften oder eine Aufzeichnung? Finde komme nur auf den veralteten Zoom-Link und wollte mich nicht extra registrieren..

Wenn sie in den nächsten 12 Monaten 240.000 t Produktion erwarten und die Produktionskapazität bei 280.000 t liegt, muss der ramp up einigermaßen zufriedenstellend laufen.

Aktuell US-Vorbörse %+22!!

Bin happy mit der Reaktion, aber leider keine wirkliche Info wie das ramp up wirklich läuft. Lediglich die bekannten Prognosen. Kein "wir sind wieder auf 50% capacity" oder dergleichen. Lediglich die Info, dass man wieder auch spodumene verkauft. :D

US-Vorbörse aktuell +18%!

In einer ersten Reaktion geht es an der US-Vorbörse um 10% nach oben.

Quelle: https://sigmalithiumcorp.com/sigma-lithium-announces-full-year-2025-results-us31m-cash-flow-and-47-cash-margin-in-4q25-signed-us146m-in-two-offtake-agreements/

Das Hochfahren von Phase 1 scheint auch gut zu laufen. "In the next twelve-month period, Sigma lithium expects to produce 240,000 tonnes of high grade premium lithium oxide concentrate at an all-in sustaining cost of US$592 per tonne."

Der erste Eindruck von den Zahlen ist positiv. "HIGHLIGHTS Strong cash generation: cash from operations in 4Q25 of US$31 million, cash inflows in 1Q26 of US$35 million and expected cash inflows in 2Q26 of US$96 million. Signed two offtake agreements to supply high grade premium lithium oxide concentrate: US$96M for 70,500t to be delivered in 2026 US$50M for 40,000t per year for three years for delivery starting in 2026 Successful commercial strategy – achieved net sales revenues of approximately US$67 million in 4Q25 and 1Q26, including: Sales of high purity lithium fines of approximately 650,000 tonnes Sales of high-grade premium lithium oxide concentrate of approximately 5,000 tonnes Operating cash margin of 47% in 4Q25, showing financial discipline. Deleveraged balance sheet and repaid debt: in 2025 cut trade finance debt by 60% and total debt by 35%. Restructured mining operations, successfully transitioning from outside contractor to operational control, achieving efficiency gains and cost optimization."

Sehr spannend heute, ja. Falls beim ramp up keine negative Überraschung kommt, sind wir viel zu günstig! Die Stimmung bei Lithium ist wieder richtig gut.

In China geht es mit den Lithiumpreisen weiter nach oben. Spodumenkonzentrat aus Brasilien liegt in der Konzentration von Sigma (5,2%) bereits wieder über der Marke von 2.000 US$/t, konkret bei 2.015 US$. Das ist der höchste Stand seit Beginn des Irankriegs. Da zeichnet sich für Q1/26 ein ausgesprochen positiver Cashflow ab, denn in Q3/25 lag der durchschnittliche Verkaufspreis von Sigma gerade mal bei 625 US$. Stellt sich nur die Frage, wie schnell Sigma beim Hochfahren von Phase 1 (70.000 t jährlich) vorankommt und ob die Behauptungen der Short-Attacke vollständig zurückgewiesen werden können. Evtl bringt heute der Call zu den Quartalszahlen von Q4/25 um 13:30 Uhr unserer Zeit etwas Klärung. Die Quartalszahlen selbst werden kurz vorher veröffentlicht.