Professional
Added to YB: 2026-03-02
Pitch date: 2026-02-26
SGML [bearish]
Sigma Lithium Corporation
+7.81%
current return
Author Info
No bio for this author
Company Info
Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds a 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 29 mineral rights covering an area of approximately 185 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.
Market Cap
$1.8B
Pitch Price
$15.63
Price Target
N/A
Dividend
N/A
EV/EBITDA
-518.51
P/E
-55.03
EV/Sales
14.28
Sector
Metals and Mining
Category
special_situation
Blue Orca is Short Sigma Lithium Corporation
SGML (short): Brazilian court records reveal undisclosed 2025 technical report alleging Sigma deviated from mine plan, creating dangerously steep pit walls w/ 'high potential for loss of human life,' threatening worker safety & economic viability. Undisclosed lawsuit from mining contractor for R$115M ($22M); undisclosed $2M judgment; dozen+ creditor suits. State prosecutors filed Dec 2025 lawsuit seeking $9M account freeze, injunction, remediation citing feared insolvency. Federal prosecutors demanded mining/environmental license suspension/annulment Sept 2025. Only $6M cash vs $55M payables, $100M debt due late 2026. 5 CFOs in 3 years, 7 independent directors resigned. Mine idled since Oct 2025.
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