Sigma Lithium Corporation (SGML) Earnings Call Transcript & Summary

Hello, and welcome to the Annual Meeting of Shareholders of Sigma Lithium Corporation. Please note that today's meeting is being recorded. If you participate in today's meeting, and disclose personal information, you will be deemed to consent to the recording, transfer and use of same. If you disclose personal information of another person in today's meeting, you'll be deemed to represent and warrant to Computershare and the corporation that you first obtained all required consents for the disclosure, recording, transfer and use of such personal information from all appropriate persons before your disclosure. [Operator Instructions] It is now my pleasure to turn today's meeting over to Marcelo Freire de Paiva. Marcelo, the floor is yours.

Good morning. My name is Marcelo Freire de Paiva and as the co-Chair of the Board of Directors, I will act as Chair of this meeting. It is my pleasure to welcome you to the Annual General Meeting of Shareholders of Sigma Lithium Corporation. The Board and management very much appreciate your interest and attendance today. Please note that today's meeting is being recorded. If you participate in today's meeting and disclose personal information, you will be deemed to consent to the recording, transfer and use of the same. If you disclose first information of another person in today's meeting, you will be deemed to represent and warrant to Computershare and the company that you first obtained all required consents for the disclosure, recording, transfer and use of such personal information from all appropriate persons before your disclosure. As this meeting is held virtually via live webcast, we think it's necessary to set out a few rules for the orderly conduct of the meeting. One, questions in respect of a motion can be submitted by any registered shareholder or duly appointed proxy holder at any time by clicking on the Message icon. Please note that there will be a slight delay in the publication of the communications received. Two, when asking a question, please indicate your name, which entity you represent, if any, and confirm that you are a registered shareholder or a duly appointed proxy holder. Three, questions will generally appear shortly after they are submitted, but will only be addressed during the question period at the end of the meeting, provided the questions regarding procedure matters or directly related to the motions before the meeting may be addressed during the meeting. Four, for the purpose of the meeting today, voting on all matters will be conducted by electronic ballot. Registered shareholders and duly appointed proxy shareholders will be asked to vote on each business item after the presentation of all business items. Five, when you are asked to vote, you'll be able to cast your vote by clicking on the buttons, for or withheld or against as applicable that are under the Vote icon for each business item. You will only have a certain amount of time to do so when the polls are open. We will now proceed with the formal portion of today's meeting. To expedite the formal part of the meeting, I will move and second all motions. Two, call to order and appointment of Secretary. I now ask that the Annual General Meeting of the shareholders of the company come to order. I appoint Bruno Tamassia as Secretary of the meeting. Three, appointment of scrutiny use. For the purpose of this meeting, I appoint Computershare Trust Company of Canada through its representatives as scrutineers to compute the votes of any polls taken at this meeting and to report thereon to me; four, constitution of meeting. The purpose of today's meeting are set out in the management information circular of the company dated June 1, 2026, the circular. The notice calling this meeting, the circular and the form of proxy were mailed to shareholders on or around June 3, 2026, along with the audited consolidated financial statements of the company for the fiscal period ended December 31, 2025, and related MD&A to shareholders of the company who requested such statements and related MD&A. Unless there is any objection, I will dispense the reading of the notice of meeting. Copies of the management information circular and other meeting materials are available under the company's profile on the SEDAR website. Our transfer agent, Computershare Trust Company of Canada has attested to the proper mailing of the notice calling this meeting. Proof of the service of such mailing has been filed with me provided by the company's transfers agent. I direct that a copy of such proof of service be annexed the minutes of this meeting as scheduled. Five, quorum. The bylaws of the company provided the quorum at the shareholders' meeting is met if they are 2 persons present holding or representing by proxy an aggregate of at least 25% of the outstanding common shares of the company entitled to vote at the meeting. I've been provided the preliminary report of the scrutineer, which indicates that there are shareholders present in person or represented by proxy at this meeting representing more than 25% of all outstanding common shares of the company present, and therefore, a quorum of shareholders of the company is present, and the meeting is properly called and duly constituted for the transaction of business. I have received the scrutineer's report and I direct that the formal report be annexed to the minutes of the meeting -- of this meeting as a schedule. Sixth, financial statement. As the first item of business on the agenda for today's meeting, I now present to the meeting the audited consolidated financial statements of the company as at and for the fiscal period ended December 31, 2025, together with the auditor's report to the shareholders thereon. Copies of such documents have been mailed to the shareholders who requested such statements, and it is not proposed to read them at the meeting. Seven, resolutions for voting. Eight, number of directors. The first item of business is to set the number of directors for the ensuing year. Management proposes to set the number of directors to be elected to the Board at five. I move and second hat the number of directors for the ensuring year be set at 5. Unless there are any questions, I will move to the next item of business. B, The election of directors. The next item of business is the election of directors. The company did not receive notice of any director nominations in connection with the meeting in accordance with its advanced notice bylaw. Accordingly, the only persons eligible to be nominated for election to the Board of Directors of the company are the management nominees. The directors elected by the shareholders of the company shall hold office until the close of business of the next Annual Meeting of Shareholders of the company or until their successors are elected or appointed. Ana Cristina Cabral, Marcelo Paiva, Junaid Jafar, Alexandre Rodrigues Cabral and Kátia Abreu have been nominated as directors for the ensuing year or until their successes are elected or appointed. Each of the persons nominated has confirmed that he or she is prepared to serve as a director. Since there are no other nominations, I move and second that Ana Cristina Cabral, Marcelo Paiva, Junaid Jafar, Alexandre Rodrigues Cabral and Kátia Abreu be nominated for election as the director of the company to hold office until the next Annual meeting of shareholders or until the successor is elected or appointed. Unless there are any questions, I will move to the next item of business. C, appointment of auditors. The next item of business is the appointment of auditors of the company for the ensuing year and to authorize the directors of the company to fix the remuneration of the auditors. I move and second that Grant Thornton Auditores Independentes Limited be appointed auditors of the company until the next Annual Meeting of shareholders and that the Board of Directors be authorized to fix their remuneration. Unless there are any questions, I will move to the voting portion of the meeting. As we mentioned, voting today will be conducted by electronic ballots. I will now take a moment to ask that the balloting be opened to registered holders and appointed proxy holders.

The polls are open, and you can now proceed.

Opening the polls. The polls are now open and at this point, all registered holders and proxy holders will have properly logged in with their control numbers or user name and wish to vote will be able to see on the screen all motions being brought forth at this meeting. Nine, voting on items of business. Please register your votes by accessing the Voting page and selecting the for or against buttons next to the name of each proposed director and for or withhold next to the resolution with respect to the appointment of Grant Thornton Auditores Independentes Limitadas as the company's auditors. We will provide registered shareholders and duly appointed proxy holders approximately 1 more minute to complete the electronic ballots. Once the electronic balloting closes, the voting page will disappear and your vote to automatically be submitted. [Voting]

Voting is now closed. Based on the proxies received as at the proxy cutoff, each motion has been passed. However, I would ask that the scrutineer compile the report regarding the results of voting on all business matters and the results we published on SEDAR and by press release. Termination and question period. A, termination. The formal items of business as set out in the notice of meeting have now been dealt with. I move and second that this meeting now terminate. As there is no further business to come before the meeting, I declare the formal part of the meeting to be concluded. And now I will be pleased to answer any questions you may have. B, question-and-answer period. I ask that all attendees would like to ask a question to use the instant messaging feature of the virtual interface to do so. We will answer as many relevant questions as time permits. When asking your question, please state your name, the entity you represent, if any, and confirm your registered shareholders or duly appointed proxy holder. Please limit your questions to topics relating to today's subject matter and keep your questions short and to the point. We will now give attendees a moment to type in the questions. For each question we answer, we'll summarize the question and read out loud the name of the person who asked such question. And if applicable, the entity such person represents. We would like to remind you that questions which were already answered or that are redundant or repetitive will not be published nor answered. This concludes the meeting. I give the floor back to Computershare.

This concludes the meeting. You may now disconnect.