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Sigma Lithium (NASDAQ: SGML) has announced its Q3 2023 earnings, marking a profitable quarter right from the start of operations. CEO Ana Cabral highlighted the company’s success in producing zero carbon, zero tailings lithium without toxic chemicals, and a strong ramp-up in production.
Sigma’s Greentech Plant has achieved 90% throughput, consistently shipping 20,000 tonnes of Triple Zero Green Lithium concentrate monthly. The company is moving forward with expansion plans, driven by high demand for its sustainable lithium product.
Sigma reported Q3 revenue of $96 million, with an adjusted EBITDA of $54 million and net income of $36 million. As the second lowest-cost lithium concentrate producer globally, Sigma is well-positioned to thrive in any market condition.
Year-to-date production reached 71,650 tonnes of high-grade lithium concentrate. The company’s unique product has been met with exceptional demand, particularly for European Union-bound batteries, in preparation for the EU battery regulations in 2026.
With the potential to reach 130 million tonnes of mineral resources, Sigma is scaling up organically. The company is in the final stages of a strategic review, with plans to triple production and establish itself as a major force in the lithium industry.
Sigma’s commitment to sustainability is evident in its Triple Zero approach—zero carbon, zero tailings, and zero use of hazardous chemicals. This environmental advantage is a key differentiator in the market.
Sigma Lithium has demonstrated resilience and operational excellence, with a clear path to becoming a lithium major. The company’s focus on sustainability, cost-efficiency, and high-quality production sets it apart in the industry.
Company Website: https://www.sigmalithiumresources.com
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