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Sigma Lithium Corp. (SGML) announced on Monday that it secured two major offtake agreements totaling $146 million, ensuring the supply of high-grade lithium oxide concentrate through 2026 and beyond.
The company also said that it has slashed its total debt by 35% year-on-year (YoY), ending the year with total debt of $141 million, including a $100 million loan scheduled for repayment in 2026 using proceeds from the offtake agreements and cash flow generation.
Sigma Lithium’s sales for the fourth-quarter fiscal 2025 and the first-quarter fiscal 2026 reached approximately $67 million from around 655,000 tonnes of lithium products.
Sigma Lithium stock traded over 21% higher in Monday’s premarket.
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