Professional
Added to YB: 2026-03-02
Pitch date: 2026-02-26
SGML [bearish]
Sigma Lithium Corporation
-16.57%
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 serves lithium-ion battery supply chain for electric vehicle industries.
Market Cap
$1.6B
Pitch Price
$15.63
Price Target
N/A
Dividend
N/A
EV/EBITDA
-159.91
P/E
-32.18
EV/Sales
15.94
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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