Sigma Lithium Stock Soars on Major High-Purity Lithium Sale

Key Developments in Sigma Lithium's Operations

Sigma Lithium Corporation (NASDAQ:SGML) saw its stock surge by 14.1% in premarket trading following the announcement of a significant sale. The company successfully sold 100,000 tonnes of high-purity lithium fines at a premium price compared to its previous transaction.

The sale price was determined by market rates based on the Shanghai Metals Market (SMM) index, achieving an adjusted net final price of $140 per tonne for 1% lithium oxide content.

Operational and Corporate Updates

The proceeds from the sale are described by Sigma Lithium as a "green reward" for shareholders, stemming from investments in environmental technologies at its Greentech plant. These technologies facilitate the sale of high-purity fines through recycling and dry stacking of tailings.

Concurrently, the company reaffirmed that its mining remobilization activities are proceeding as planned, with an expected completion date of January 2026. Sigma Lithium also addressed recent media reports, strongly denying claims of an "operational injunction" related to its waste piles, labeling them as "fake news" and part of a defamatory campaign. An administrative inquiry by the Ministry of Labor and Employment is ongoing but does not affect the company's operational capacity.

Market Reaction and Company Response

The positive sales news directly contributed to a significant premarket rally in SGML shares. In response to what it describes as a defamatory online campaign, which caused substantial share price volatility and high trading volume on January 16, Sigma Lithium has notified relevant authorities, including the Financial Industry Regulatory Authority (FINRA).

Outlook

The successful high-value sale reinforces investor confidence in Sigma Lithium's production capabilities and market position. Moving forward, the market will closely monitor the progress of its mine remobilization plans and the outcome of the ongoing administrative inquiry, while the company continues to actively manage its corporate reputation.

FAQ

Q: Why did Sigma Lithium's stock price increase?
A: The stock surged after the company announced the sale of 100,000 tonnes of high-purity lithium at a premium price, indicating strong demand and operational success.

Q: Are Sigma Lithium's mining operations currently halted?
A: No, the company has stated that an ongoing administrative inquiry does not impact its ability to operate or execute its mine remobilization plans.

Q: What is the timeline for the company's mine remobilization?
A: Sigma Lithium expects its mining remobilization activities to be concluded in January 2026.

Source: Investing.com