Sigma Lithium cash flow will cover key debt maturity, chair says (SGML:NASDAQ)

Sigma Lithium (SGML) reported Q2 2026 net sales revenue of $54.7 million, up 223.9% year over year, and a 47.0% adjusted EBITDA margin. Production rose to 35,400 tonnes of lithium oxide concentrate, up 52% quarter over quarter. Management cited a partial mining suspension tied to environmental regulator actions, while raising Plant 1 guidance to 240,000 tonnes and projecting 330,000 tonnes for FY 2027.

Sigma Lithium (NASDAQ:SGML) said it repaid 25% of total debt over the past year and 43% over two years, cutting total debt by about half. Mining and industrial operations were temporarily halted during TAC negotiations with Minas Gerais, with a restart possible within a week to two. It reported $60M received from a $96M offtake prepayment and maintained guidance for 240,000 tons over 12 months.

Sigma Lithium (NASDAQ: SGML) said it began negotiating a TAC agreement with Minas Gerais state government after SUPRAM issued about US$540,000 in environmental fines for 2013-2022 issues. The company denies wrongdoing, says fines are not due for 120 days, and estimates US$1.0m capex to resume partially suspended activities. It also cited 2Q production guidance outperformance.

Sigma Lithium (NASDAQ: SGML) reported producing 35,000 tonnes of lithium oxide concentrate in 2Q26, about 6% above its guidance of 33,000 tonnes. The company attributed results to a mining operations upgrade and a 70% lithium recovery rate from spodumene ore. It expects annualized Phase 1 production of 240,000 tonnes and plans to release 2Q26 results on Aug. 14, 2026.

Sigma Lithium (NASDAQ:SGML) shares rose 3.3% in after-hours after Q2 2026 production beat guidance. The company produced 35,000 tonnes of lithium oxide concentrate versus 33,000 tonnes guided, citing mining upgrades and a 70% recovery rate at its plant. It targets 240,000 tonnes annualized Phase 1 and projects Phase 1 all-in sustaining costs of $710/tonne and cash flow of $130 million at a $1,500/tonne realized price.

Sigma Lithium said a Minas Gerais appeals court in Brazil overturned a lower-court ruling tied to alleged environmental impacts at its Grota do Cirilo lithium mine. The court removed a potential $10 million legal collateral and required Sigma to hire an independent technical firm to monitor dust, noise and vibration; the company said it complied with the review of 12 months of data.