Sigma Lithium Corp (SGML) News & EventsSGMLSigma Lithium Corp

Stock Futures Steady as S&P 500 Hits Record High

Stock futures are mostly flat after the S&P 500 closed at a record high Thursday, as investors balance easing inflation pressures and strong corporate earnings against renewed geopolitical risks.The inflation backdrop remains supportive for equities. July CPI and PPI both came in softer than expected, reducing concerns that the Federal Reserve will need to raise interest rates at its September meeting. PPI was unchanged in July after declining 0.1% in June, while the latest CPI data showed inflation continuing to moderate. The market is increasingly focused on whether the combination of cooling inflation and a weakening labor market will give the Fed room to ease policy later this year.AI and semiconductor stocks remain a major source of strength. Applied Materials is falling in premarket trading despite reporting strong results and raising its outlook. Meanwhile, memory and storage stocks including SanDisk, Seagate Technology and Micron have been strong following upbeat industry forecasts.Brent crude is approaching $90 a barrel after the U.S. threatened an indefinite naval blockade of Iran as efforts to reach a ceasefire remain stalled. Higher oil prices could complicate the Fed's inflation outlook if they persist, particularly with gasoline prices already above $4 a gallon.In pre-market trading, S&P 500 futures rose 0.08%, Nasdaq futures rose 0.26% and Dow futures fell 0.16%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Redditup 11% after being chosen for admission into the S&P 500 indexSanDiskup 6% after JPMorgan initiated coverage of the stock with an Overweight rating and $2,250 price target following the company's investor day meetingWayfairup 5% after Bernstein upgraded shares to Outperform with a price target of $125, up from $100Fox Corp.up 3% after Wells Fargo upgraded the stock to Overweight with a price target of $80, up from $65UP AFTER EARNINGS -Eton Pharmaceuticalsup 27%DOWN AFTER EARNINGS -ARS Pharmaceuticalsdown 15%Quince Therapeuticsdown 9%Applied Materialsdown 6%Outlook Therapeuticsdown 4%Sigma Lithiumdown 2%

Company Reports Q2 Revenue of $54.7M

Reports Q2 revenue $54.7M…

Sigma Lithium Negotiates TAC with Minas Gerais State Government

Sigma Lithium announces that yesterday it started negotiating a TAC or terms for adjustment of procedures with the Minas Gerais State Government. The negotiations follow a notification by the Vale do Jequitinhonha branch of SUPRAM, the Minas Gerais environmental state body, which is based in Diamantina, issuing fines totaling approximately US$540,000. Several fines were related to environmental issues that occurred from 2013 to 2022. The Company said it "vehemently denies any wrongdoing, as outlined in the key claims raised by SUPRAM Jequitinhonha in connection to the Company's operation. In this regard, Sigma Lithium confirms that: The Company has not misrepresented any information filed with the environmental authorities since 2018; The Company has not commercially sold any lithium materials prior to May 2023; The Company denies the claims alleged by SUPRAM that 2 houses located outside of the licensed area are negatively impacted by its activities." As a result, yesterday Sigma Lithium started negotiating a TAC Agreement directly with the State Government of Minas Gerais in Belo Horizonte, which has regulatory authority in the matter. The Company has agreed to a settlement to be established by the TAC Agreement, in addition to the payment of up to US$540,000 for the abovementioned fines.