Elevra Lithium Completes Sale of E45/2364 Pegmatite Rights
Elevra Lithium (ASX:ELV, NASDAQ:ELVR) has completed the sale of all its rights, interests and obligations over exploration licence E45/2364 in Western Australia to Wildcat Resources.
Rhea-AI Summary
Elevra Lithium (ASX:ELV, NASDAQ:ELVR) has completed the sale of all its rights, interests and obligations over exploration licence E45/2364 in Western Australia to Wildcat Resources. Wildcat assumes full ownership, control and liability for the tenement.
According to Elevra, consideration totals A$16 million plus an ongoing royalty, comprising A$5 million cash on completion, A$8 million in Wildcat shares at A$0.353 per share, and a deferred A$3 million cash payment following Wildcat’s completed feasibility study. Elevra is also entitled to contingent cash of A$0.70 per tonne for each tonne of JORC Pegmatite Mineral Resource defined on E45/2364. The company states the deal monetises a non-core asset, simplifies its portfolio, and supports capital allocation to its core North American lithium growth projects.
Positive
- A$5 million immediate cash proceeds on completion
- Equity consideration of A$8 million in Wildcat shares
- Deferred cash payment of A$3 million tied to feasibility milestone
- Additional royalty-style payments of A$0.70 per tonne JORC resource
- Divestment of non-core E45/2364 to focus on North American assets
Negative
- Loss of direct ownership and control over E45/2364 upside
- Realisation of full A$3 million deferred payment depends on Wildcat feasibility study
- Royalty and contingent payments depend on Wildcat defining a JORC resource
Details
News Market Reaction – ELVR
On Aug 7, the day this news came out, ELVR closed 8.12% above the previous close. Argus tracked a peak move of +2.5% during that session. Our momentum scanner recorded 9 alerts for this stock that day.
Data tracked by StockTitan Argus for the Aug 7 session.
Key Figures
- Total consideration
- $16 million
- Sale of E45/2364 rights plus ongoing royalty
- Completion cash
- A$5 million
- Payable on transaction completion
- Wildcat shares
- A$8 million at $0.353 per share
- Ordinary shares issued as transaction consideration
- Deferred cash
- A$3 million
- Payable six months after a completed feasibility study announcement
- Contingent royalty
- $0.70 per tonne
- Each tonne of JORC Pegmatite Mineral Resource announced within E45/2364
Historical Context
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Lower sales and revenue outweighed production and recovery improvements.
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Quarterly report release and investor webcast were scheduled for July 28.
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NAL expansion groundbreaking followed funding and targeted 15–20% capacity growth.
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Purchased Moblan offtake rights using US$5m shares and US$0.5m options.
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Scoping study raised NPV and outlined a staged expansion plan.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
pegmatite mineral resource technical
jorc technical
feasibility study technical
royalty payment consideration financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
BRISBANE, Australia, Aug. 07, 2026 (GLOBE NEWSWIRE) -- North American lithium producer Elevra Lithium Limited (“Elevra” or "Company") (ASX:ELV; NASDAQ:ELVR) is pleased to announce that it has completed a transaction with Wildcat Resources Limited (“Wildcat”) regarding the Company’s rights, interests and obligations on E45/2364 in Western Australia (referred to as Tabba Tabba in Elevra exploration disclosure).
Under the terms of the agreement with Wildcat, Elevra has sold all of its rights, interests and obligations associated with E45/2364 to Wildcat, with Wildcat assuming full ownership, control and liability of those rights, interests and obligations (“Transaction”).
Transaction Consideration
Pursuant to the terms of the Transaction, Elevra will receive total consideration of
- A
$5 million in cash payable on completion; - A
$8 million in Wildcat ordinary shares, issued at a price of$0.353 per share; - A
$3 million in deferred cash payable six months after Wildcat announces a completed feasibility study for the Tabba Tabba Project; and - Contingent cash payments of A
$0.70 per tonne for each tonne of JORC Pegmatite Mineral Resource announced by Wildcat within E45/2364.
This combination of guaranteed and contingent payments provides Elevra with ongoing exposure should Wildcat have exploration success on E45/2364 while allowing the Company to realise immediate value.
The Transaction is consistent with Elevra’s strategy of allocating capital to further develop its core North American assets. Elevra will have no remaining ownership interest, rights or obligations in respect of E45/2364 but will retain the potential to participate in future value creation through the contingent royalty payment consideration on E45/2364.
Elevra’s Managing Director and Chief Executive Officer, Lucas Dow, said: "This transaction delivers an attractive outcome for Elevra by unlocking immediate value from a non-core asset through a cash payment which can be reinvested in near-term growth initiatives. The structure also allows Elevra to benefit if any Pegmatite Mineralisation is discovered on E45/2364. The transaction further simplifies our portfolio and allows us to maintain our focus on executing our North American growth strategy, including the NAL Brownfield Expansion and the advancement of our development pipeline."
Announcement authorised for release by Elevra’s Managing Director & CEO.
About Elevra Lithium
Elevra Lithium Limited is a North American lithium producer (ASX:ELV; NASDAQ:ELVR) with projects in Québec, Canada, United States, and a joint venture in Western Australia.
Elevra’s assets comprise North American Lithium (
For more information, please visit us at www.elevra.com or contact: Andrew Barber Investor Relations PH: +617 3369 7058
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