SGML shares soared 9% today. The primary reasons:

Shares of Sigma Lithium Corporation (SGML) are trading 9% higher at a price of $21.38 at the time of this writing. The stock's price action is surpassing it's peers on what is quickly becoming a dispirited day for the Materials sector.

The company recently announced a new phase of it's mining operation that would unlock an additional 50% increase in minerals. The stock is trading up despite a broad market selloff.

Sigma Lithium Corporation has been trading between a 52-week high of $23.52 and a 52-week low of $6.96. The stock has a market cap of $2.15 Billion.

The Company, through its indirectly wholly-owned subsidiary Sigma Mineração S.A. ("SMSA"), is developing, with an environmental sustainably ESG focused strategy, the largest hard rock lithium deposits in the Americas, located in its wholly-owned Grota do Cirilo Project in Brazil (the "Project") with the goal of participating in the rapidly expanding global supply chain of electric vehicles ("EVs").