ExpansionMay 13, 2026, 07:52 AM
Elevra NAL Expansion Study Boosts NPV to C$3.11B, Production to 338 ktpa
AI Summary
Elevra Lithium announced an updated scoping study for its North American Lithium (NAL) mine expansion, projecting a post-tax NPV(8%) of C$3.11 billion and an increased production rate of 338 ktpa. The expansion will be staged, accelerating production by two years with unchanged total capital expenditure of US$270 million. Additionally, Elevra purchased and terminated the Moblan Lithium Project's spodumene concentrate offtake agreement from Waratah Capital Advisors for US$5.5 million in shares and options, gaining 100% control of its pro-rata offtake entitlement.
Key Highlights
- Updated NAL expansion post-tax NPV(8%) increased by 102% to C$969M (US$718M) incrementally.
- Total NAL project post-tax NPV(8%) is C$3,112M (US$2,305M) with 41.8% IRR and 25-month payback.
- Expanded production rate increased to 338 ktpa (nominal SC5.4), up from 315 ktpa.
- Total CAPEX for NAL expansion remains US$270M, with Stage 1 CAPEX of US$71M.
- Average LOM C1 unit cost of C$847/t (US$628/t) and AISC of C$922/t (US$683/t).
- Elevra purchased and terminated Moblan offtake rights for US$5M in shares and US$0.5M in options.
- Elevra now controls 100% of its pro-rata offtake entitlement from Moblan.
- Stage 1 incremental production ramp-up to commence mid-CY27; Stage 3 construction by mid-CY29.