Sigma Lithium Corporation signed two offtake agreements totaling $146 million to supply high-grade premium lithium oxide concentrate, according to a press release statement issued Monday.
The company secured a $96 million prepayment agreement for 70,500 tonnes to be delivered in 2026, with monthly disbursements of $8 million. A second agreement provides for a $50 million prepayment to supply 40,000 tonnes annually for three years starting in 2026. The stock jumped 13.5% on the news, extending a six-month rally of 63%, though shares remain down 21% year-to-date.
Sigma Lithium generated $31 million in cash from operations during the fourth quarter of 2025, with cash inflows of $35 million in the first quarter of 2026. The company expects cash inflows of $96 million in the second quarter of 2026, including $83 million from the two offtake agreements. The company posted a loss of $0.30 per share over the last twelve months, though an InvestingPro tip notes that analysts predict profitability this year. For investors seeking deeper insights, InvestingPro offers 15 additional tips on SGML’s financial health and growth prospects.
The company reported net sales revenues of approximately $67 million in the fourth and first quarters, including sales of about 650,000 tonnes of high-purity lithium fines and approximately 5,000 tonnes of high-grade premium lithium oxide concentrate.
Sigma Lithium reduced its trade finance debt by 60% in 2025 compared to 2024, and total debt declined by 35%. Trade finance debt fell an additional 21% in the first quarter of 2026 to $19 million. Total debt at year-end 2025 stood at $141 million, including a $100 million loan.
The company’s operating cash margin was 47% in the fourth quarter of 2025, with operating costs declining 77% year-over-year. Cash and cash equivalents totaled $12 million as of March 30, 2026, up from $6.2 million at the end of the fourth quarter.
Sigma Lithium projects production of 240,000 tonnes of lithium oxide concentrate over the next twelve months at an all-in sustaining cost of $592 per tonne.
In other recent news, Sigma Lithium Corporation has announced the resumption of sales for high-grade premium lithium oxide concentrate, expecting to generate gross revenues from approximately 28,000 tonnes at a price of $1,712 per tonne in the first quarter of 2026. Additionally, the company has sold 150,000 tonnes of high purity lithium fines at $140 per tonne, with an option for the buyer to purchase an additional 350,000 tonnes. BofA Securities reiterated a Neutral rating for Sigma Lithium, maintaining a $14.00 price target while adjusting its EBITDA view, citing strong tailings sales and a focus on monetizing existing inventory.
Meanwhile, short seller Blue Orca Capital has alleged safety concerns at Sigma Lithium’s Brazilian mine, claiming regulatory actions and creditor lawsuits are pending. However, Brazil’s mining regulator, Agencia Nacional de Mineracao, has confirmed the safety of Sigma Lithium’s waste piles, stating no geotechnical anomalies were found during inspections. These developments highlight the ongoing operational and regulatory dynamics at Sigma Lithium.
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