Elevra Lithium Ltd

Elevra Lithium Ltd. reported that two directors increased their holdings in the company. One director acquired 1,230 fully paid ordinary shares for A$15,000, increasing their total to 9,384 shares. Separately, Director Lucas Dow acquired 2,460 shares for A$30,000, bringing his indirect holding to 19,127 shares. Both purchases were made under the company's Share Purchase Plan announced on May 12, 2026.

Elevra Lithium's June 2026 report highlights operational and financial performance, with YTD FY26 revenue at US$167 million and a pro-forma market cap of US$1,887 million. The company is advancing its NAL expansion project, targeting staged production growth from CY27, and has signed a non-binding MoU with Mangrove Lithium for spodumene concentrate offtake. Key strategic focuses include optimizing existing operations, developing assets based on an expanded resource base, and integrating into the supply chain via strategic partnerships.

Elevra Lithium Limited successfully completed an underwritten A$275 million institutional placement by issuing approximately 22.5 million new shares at A$12.20 each. The placement, which received strong support from existing and new institutional investors, will fund the North American Lithium (NAL) Brownfield Expansion project and advance Moblan pre-development activities. The issue price represented an 11.2% discount to the last close price. The company also plans a Share Purchase Plan for eligible Australian and New Zealand shareholders to raise up to an additional A$20 million.

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.

Elevra Lithium announced an Updated Scoping Study for the expansion of its North American Lithium (NAL) mine, significantly improving project economics and accelerating production. The expansion project's post-tax NPV(8%) increased by 102% to C$969M ($718M), contributing to a total NAL project NPV(8%) of C$3,112M ($2,305M) with a 41.8% IRR. The company plans a staged development to increase annual concentrate production to 338 ktpa two years faster than previously anticipated, while maintaining total capital expenditure at $270M.

Elevra Lithium Ltd has entered into an agreement to sell its interest in the Ewoyaa Lithium Project in Ghana to Zhejiang Huayou Cobalt Co, Ltd. for approximately US$71 million in cash. This divestment, expected to close in Q1FY27, will allow Elevra to sharpen its strategic focus on North American assets and simplify its corporate and operational structure. The sale also eliminates ongoing funding commitments for the Ewoyaa Project and provides additional financial flexibility to advance other growth projects.

Elevra Lithium Ltd announced the application for quotation of 255,830 ordinary fully paid shares on the ASX. These shares were issued on April 24, 2026, at USD 6.00 per share, to settle vested and exercised Piedmont Equity Awards in connection with a prior merger. This action increases the total number of quoted ordinary shares to 169,632,601.

Elevra Lithium reported improved operational results and positive cash flow for the quarter. North American Lithium (NAL) achieved record revenue of US$81 million, a 22% increase quarter-on-quarter, and improved process plant utilisation to 94%. Spodumene concentrate production rose 7% QoQ to 47,332 dmt, with lithium recovery up 4% to 66%. The company also progressed its NAL expansion and saw the Ewoyaa Mining Lease ratified in Ghana.

Elevra Lithium Limited announced that its March 2026 Quarterly Activities Report is scheduled for release on Thursday, April 23, 2026. The company will host an investor webcast to discuss the quarterly results, commencing at 9:30 AM AEST on the same day. Retail shareholders and investors are invited to listen live via a webcast service, with a direct link also available on the Elevra website.