DivestmentAug 7, 2026, 09:44 AM
Elevra Lithium Sells Tabba Tabba Project for $16M Plus Royalty
AI Summary
Elevra Lithium Limited has completed the divestment of its rights, interests, and obligations on the E45/2364 project in Western Australia, known as Tabba Tabba, to Wildcat Resources Limited. The transaction is valued at $16 million, comprising A$5 million in cash, A$8 million in Wildcat shares, A$3 million in deferred cash, and contingent royalty payments. This move allows Elevra to unlock immediate value from a non-core asset and reallocate capital to its North American growth strategy, including the NAL Brownfield Expansion.
Key Highlights
- Elevra Lithium sold its rights and obligations for E45/2364 (Tabba Tabba) to Wildcat Resources.
- Total consideration for the divestment is $16 million plus an ongoing royalty.
- Elevra will receive A$5 million in cash upon completion of the transaction.
- The company will also receive A$8 million in Wildcat ordinary shares.
- A$3 million in deferred cash is payable six months after a feasibility study for Tabba Tabba.
- Contingent cash payments of A$0.70 per tonne for JORC Pegmatite Mineral Resource.
- The transaction aligns with Elevra's strategy to focus on its core North American assets.
Price Impact
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