Sigma Lithium Corporation (NASDAQ:SGML) Q2 2024 Earnings Conference Call August 16, 2024 8:00 AM ET

Company Participants

Matthew DeYoe - Executive Vice President
Ana Cabral - Chief Executive Officer

Conference Call Participants

Steve Byrne - Bank of America
Joel Jackson - BMO
Andrei Kroupnik - Drakewood

Operator

Good morning, everyone. My name is Regina, and I will be your operator today. Welcome to the Sigma Lithium Second Quarter 2024 Earnings Conference Call. Today's call is being recorded and is broadcast live on Sigma's website.

On the call today is Company's CEO, Ana Cabral; and Company Executive Vice President, Matthew DeYoe.

We will now turn the call over to Matthew Deyoe.

Matthew DeYoe

Thank you, Regina, and good morning, everyone. Thank you for joining us for our second quarter 2024 earnings conference call.

As Regina noted, on the call with me today is Company's CEO and Co-Chairperson, Ana Cabral.

After the market closed yesterday, we published our 2Q financials, which are available both through SEC and SEDAR.

Before we begin, I'd like to cover two items. First, during the presentation, you will hear certain forward-looking statements concerning our plans and expectations. We note that actual events or results could differ materially from the changes in market conditions in our operations, and additionally earnings referenced in this presentation, sorry, may exclude certain non-core and non-recurring items. Reconciliations to the most comparable IFRS financial measures and other associated disclosures, including the descriptions of adjustments, can be found in the back of the press release.

With that, I will pass it over to Ana.

Ana Cabral

Hi, good morning everyone.

I am very, very pleased to present you with our second quarter 2024 quarterly results. We are actually delighted that we have managed to achieve all-around operational excellence, thriving in our financial results, despite what it is a lithium price environment that we just do not control. So, what we're going to show in these results is that, we have, where we control all of our operational elements, fully managed and actually demonstrating our operational excellence.

So, starting with the volumes, we further increased the cadence of volume sold to 22,000 tonnes of material shipped every 30 to 35 days. So, that means we have achieved what we call reliability as a producer, which is linked to our ability to receive favorable rates and favorable terms in export-linked credit, meaning credit lines linked to our ability to continue to maintain this export track record.