Sigma Lithium Extends Maturity of $100 Million Senior Secured Debt to June 2027

02:32 PM EDT, 10/23/2026 (MT Newswires) -- Sigma Lithium (SGML.V, SGML) and its subsidiary, Sigma Mineracao S.A, signed an agreement letter to extend the maturity of its $100 million in outstanding senior secured debt with Synergy Capital by six months, to June 2027 from December 2026, it said Friday. The company said the interest rate on the senior secured facility remained unchanged at a secured overnight financing rate of 6.95% per year. "The extension defers the Company's debt final repayment requirement in December 2026, as a result enabling Sigma Lithium to lengthen 93% of its debt profile to June 2027, enhancing its financial flexibility, supporting its execution plans," said the company. The extension agreement maintains similar covenants and events of default as the original senior secured debt agreement dated December 2022, added the company. Since operations restarted on Oct. 5, the company produced 7,090 tonnes of lithium oxide concentrate up to Oct. 22, said Sigma Lithium. The company maintains its target to scale its annualized production of lithium oxide concentrate to 330,000 tonnes by year-end 2027, it added. "Over the past two years, we have repaid more than US$90 million in debt," said Chief Executive Officer Ana Cabral. "Together with our low costs and current lithium pricing levels, we expect to regain operational cash flow momentum." The company's shares were last seen up CA$0.42, or 4%, to CA$10.88 on the TSX Venture Exchange. Price: 10.89, Change: +0.43, Percent Change: +4.11