11 Best Lithium and Battery Stocks To Invest In

7. Sigma Lithium Corporation (NASDAQ:SGML)

Number of Hedge Fund Holders: 16

Sigma Lithium Corporation (NASDAQ:SGML) is a major global lithium producer focused on providing carbon-neutral, sustainable lithium concentrate for electric vehicle batteries. The company operates its Grota do Cirilo facility in Brazil, where it produces Quintuple Zero Green Lithium. This process is distinguished by its commitment to environmental and social sustainability, using zero carbon energy, no potable water, no toxic chemicals, and no tailings dams.

Phase 1 of production began in Q2 2023, and Sigma Lithium has approved a Phase 2 expansion, which will increase its production capacity to 520,000 tonnes of lithium concentrate. In Q3, the company secured BRL 487 million (BRL1 = US$0.17) from Brazil’s Development Bank (BNDES) to fund its second Greentech Carbon Neutral Plant and expand production at Grota do Cirilo. It covers 99% of Phase 2 CapEx, with favorable terms including a 2.5% fixed interest rate and 16-year maturity.

On December 3, Sigma Lithium (NASDAQ:SGML) announced that it is in the process of shipping 27,500 tonnes of its Quintuple Zero Green Lithium from the Port of Vitoria to IRH Global Trading LTD in Abu Dhabi, showing the company’s operational efficiency and ability to meet sales goals. The company achieved a peak production of 900 tonnes per day, reaching an annualized production rate of 270,000 tonnes, a level expected to be maintained. It is focused on expanding production capacity, with plans to reach 100,000 tons of LCE by 2026, backed by new plant construction and further cost optimization efforts.