J.P. Morgan initiates Sigma Lithium coverage with Overweight rating

• J.P. Morgan initiated coverage of Sigma Lithium with an Overweight rating on a brownfield growth thesis.
• Report expects installed capacity of about 580,000 tonnes per year by end-2027, rising to about 830,000 tonnes by end-2028.
• Incremental expansion capex framed at about USD 100 million per line, implying roughly USD 400-430 per tonne of installed capacity.
• J.P. Morgan outlook calls 2026 the tightest lithium year, forecasts deficit through 2029, cites unhedged exposure as leverage to prices.
• Company targets delivery of 240,000 tonnes within 12 months, rising to 330,000 tonnes in FY27.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sigma Lithium Corporation published the original content used to generate this news brief via Newsfile (Ref. ID: 202609211745NEWSFILECNPR____20260921_315336_1) on September 21, 2026, and is solely responsible for the information contained therein.