Sigma Lithium Corporation ( SGML ) shares rose Thursday after the company reported third-quarter revenue of $28.5 million.

Details

EPS loss was 10 cents in the quarter compared to a loss of 23 cents in the prior year quarter.

The company reported net revenue growth of 69% quarter over quarter (Q/Q) and 36% year over year (Y/Y), driven by its commercialization strategy that capitalized on seasonal lithium pricing and provisional pricing.

Also Read: Liquidity Woes Deepen For Sigma Lithium After Supplier Shake-Up

The company witnessed higher sales volumes (+21% Q/Q), which also supported growth. Also, the average SC6 provisional price increased 33% Q/Q to $847/ton.

As of September 30, 2025, cash and cash equivalents stood at $6.1 million.

Mining Operations

Following the Greentech plant upgrade in November 2024, recovery levels have consistently exceeded 70% since January 2025.

As a result, in 2026, the company plans to reach the full Greentech industrial plant capacity of 300kt, already achieved in the fourth quarter of fiscal 2024.

Sigma Lithium ( SGML ) took over mining from its previous contractor and is leasing equipment directly from manufacturers through low-interest offtake agreements in Asia.

The company expects mining to restart by the end of November and reach full ramp-up by the first quarter of fiscal 2026.

Gains From The Sale Of Assets

Sigma Lithium ( SGML ) generated $24 million from final price settlements related to sales completed by the third quarter of 2025.

The company expects to generate an additional $4 million from incremental settlements.

It also anticipates receiving $33 million from the sale of 950,000 tons of high-purity lithium materials.

Outlook

SGML expects CIF China cash costs at $440/ton in both fiscal 2026 (Phase 1 Only) and fiscal 2027 (Phase 1+2).

The company sees AISC at $560/ton in fiscal 2026 and $503/ton in fiscal 2027.

The company expects a production volume of 300,000 tons in fiscal 2026 and 550,000 tons in fiscal 2027.

Price Action: SGML shares were trading higher by 5.68% to $6.235 at last check Friday.

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