ExpansionJun 30, 2026, 05:17 PM
Elevra Breaks Ground on Fully Funded North American Lithium Expansion
AI Summary
Elevra Lithium has broken ground on its North American Lithium (NAL) Expansion Project, which is fully funded following a successful capital raise in May 2026. Stage 1 of the expansion is expected to be completed by mid-CY27, aiming to increase annual spodumene concentrate production capacity by 15-20% and reduce unit operating costs. Additionally, the company announced the issuance of 5,276,387 unquoted options with an exercise price of $4.80, as part of a previously disclosed transaction.
Key Highlights
- Groundbreaking for North American Lithium (NAL) Expansion Project.
- Expansion fully funded by May 2026 capital raise.
- Stage 1 completion targeted for mid-CY27.
- Stage 1 to increase spodumene concentrate production by 15-20%.
- Stage 1 expected to reduce unit operating costs.
- Issued 5,276,387 unquoted options (ELVAN) on June 30, 2026.
- Options have an exercise price of $4.80, expiring December 31, 2028.
Price Impact
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