Sigma Lithium (SGML) AGM 2024 summary

Opening remarks and agenda

• Meeting opened by CEO and Co-Chair, outlining virtual meeting procedures and Q&A process.

• Secretary and scrutineer appointed; agenda and meeting materials confirmed as distributed.

• Quorum established with over 25% of shares represented.

Financial performance review

• Audited consolidated financial statements for the year ended December 31, 2023, presented.

• Achieved transition from construction to full production, becoming a top 10 global lithium producer.

• Maintained low production costs, reaching $397/ton in Q1 2024, targeting $370/ton.

• 40% cost reduction between Q3 and Q4 2023; SG&A expenses declined due to productivity measures.

• Strong cash flow generation even at bear market lithium prices.

Board and executive committee updates

• Number of directors set at five for the ensuing year.

• Ana Cabral-Gardner, Marcelo Paiva, Bechara Azar, Alessandro Rodrigues Cabral, and Eugenio Zagottis nominated and confirmed as directors.