ClarificationMay 12, 2026, 12:56 PM
Sigma Lithium Denies 'Fake News' on Waste Piles; On Track for 240ktpy Production
AI Summary
Sigma Lithium celebrated 1,010 days without accidents and zero fatalities, while confirming its mining operations are on track to achieve 240,000 tpy lithium oxide concentrate production. The company vehemently denied inaccurate media reports from May 11, 2026, regarding its waste piles, stating that Brazil's mining regulator (ANM) had officially attested to their safety. Sigma Lithium also noted an unusual increase in put options on its shares coinciding with the spread of false information, leading to a 6.5% share price drop on May 11, 2026, and reported a R$10,000 fine from the MLE related to an ongoing administrative inquiry.
Key Highlights
- Celebrated 1,010 days without lost time injury and zero fatalities.
- On track to reach production guidance of 240,000 tpy of lithium oxide concentrate.
- Created 600 new jobs, totaling over 1,000 direct jobs at the mine and Greentech Plant.
- Generates approximately 20,000 direct and indirect employment positions in Vale do Jequitinhonha.
- Brazil's mining regulator (ANM) issued an official technical statement attesting to the safety of waste piles.
- Received a R$10,000 (approximately US$2,000) fine from the Ministry of Labor and Employment (MLE).
- Noted an unusual increase in put options ($21.50, expiring May 15th) coinciding with false reports.
- Share price experienced substantial volatility, ending down 6.5% on May 11, 2026.