Elevra Lithium Quarterly Activities Report
Rhea-AI Summary
Elevra Lithium (ASX: ELV, NASDAQ: ELVR) reported Q4 FY26 records at North American Lithium (NAL), with spodumene concentrate production up 15% QoQ to 54,479 dmt at 5.0% grade and lithium recovery improving to 71% (+5 percentage points QoQ). Mill utilisation remained high at 92% despite a major planned shutdown, and safety performance recorded no lost-time injuries.
Spodumene sales fell 39% QoQ to 33,977 dmt, with revenue down 61% to US$31 million as all tonnes were delivered under a legacy, lagged-pricing contract at an average US$921/dmt, 37% below the prior quarter. This contract has now been finalised. Unit operating costs per tonne sold increased 3% QoQ to US$907/dmt.
According to Elevra, an Updated Scoping Study for the NAL Brownfield Expansion more than doubled incremental post-tax NPV8% to C$969 million while maintaining total capex at C$366 million. A Strategic Financing Package was announced, including a US$196 million institutional placement, US$102 million in Canada Growth Fund convertible notes (two tranches) and an US$11 million share purchase plan, intended to fully fund the NAL Expansion.
Elevra also agreed to sell its interest in the Ewoyaa Project in Ghana to Huayou for approximately US$71 million cash (before fees) and purchased additional Moblan offtake rights to control 100% of its 60% pro rata entitlement. Group cash at 30 June 2026 was US$255 million, with net cash of US$200 million and a prepayment facility of US$55 million (since reduced by US$9 million in July 2026).
Positive
- Spodumene production +15% QoQ to 54,479 dmt at 5.0% grade in Q4 FY26
- Lithium recovery improved to 71%, up 5 percentage points QoQ at NAL
- Record monthly output of 22,202 dmt in May 2026 at 98% utilisation, 73% recovery
- Cash balance rose to US$255 million vs US$113 million prior quarter; net cash US$200 million
- Strategic Financing Package of US$196m placement, US$102m CGF convertible notes, US$11m SPP to fund NAL Expansion
- NAL Expansion incremental post-tax NPV8% increased to C$969m with capex held at C$366m
- Ewoyaa Project sale agreed for approximately US$71m cash to streamline portfolio and remove future funding obligations
- Moblan offtake rights consolidated so Elevra controls 100% of its 60% pro rata entitlement
Negative
- NAL revenue down 61% QoQ to US$31m on lower volumes and prices
- Spodumene tonnes sold fell 39% QoQ to 33,977 dmt in Q4 FY26
- Average realised price dropped 37% QoQ to US$921/dmt under legacy lagged-pricing contract
- Unit operating cost per tonne sold increased 3% QoQ to US$907/dmt
- FY26 concentrate sold declined 13% YoY to 181,494 dmt
- FY26 concentrate production slightly lower YoY, down 3% to 197,967 dmt
- FY26 average recovery decreased to 67% from 69% in FY25
News Explained
Although Elevra calls the Strategic Financing Package completed and fully funding the NAL Expansion, its disclosed mechanics show that only the Upfront Convertible Note tranche had shareholder approval, with about
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 22 | Quarterly report advisory | Neutral | -1.1% | Company scheduled release of the June 2026 Quarterly Activities Report and investor webcast. |
| Jun 29 | NAL expansion groundbreaking | Positive | +1.9% | Company broke ground on the fully funded North American Lithium expansion project. |
| May 12 | Moblan offtake purchase | Positive | -8.3% | Company purchased and terminated Waratah’s Moblan spodumene offtake rights. |
| May 11 | NAL expansion study | Positive | -8.3% | Updated scoping study increased incremental post-tax NPV to C$969 million. |
| May 10 | Ewoyaa project sale | Positive | -0.2% | Company agreed to sell its Ewoyaa project interest for approximately US$71 million cash. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
The stock declined after four of the five recent announcements, including three developments with positive or strategically supportive details.
Key Terms
spodumene concentrate technical
offtake agreement financial
convertible notes financial
post-tax net present value financial
Li2O technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
BRISBANE, Australia, July 28, 2026 (GLOBE NEWSWIRE) -- Elevra Lithium Limited (“Elevra” or “Company”) (ASX: ELV; NASDAQ: ELVR) delivered another strong operational performance, establishing monthly production records, and a Strategic Financing Package that enables near-term growth.
North American Lithium
- Safety performance at North American Lithium (NAL) remained strong during the June 2026 quarter, with no lost-time injuries recorded and continued improvement in risk management and operational discipline across the site.
- Ore mined remained stable quarter on quarter (QoQ) with 372,938 wet metric tonnes (wmt) mined in line with process plant requirements.
- Process plant utilisation remained high at
92% following a record March 2026 quarter and was the third best quarter on record despite a planned shutdown. Strong crushing plant performance continued to support milling utilisation. - The combination of high mill utilisation, throughput, and improved feed grades resulted in lithium recoveries of
71% for the June 2026 quarter, a5% QoQ improvement. - Spodumene concentrate production increased by
15% QoQ to 54,479 dry metric tonnes (dmt) at an average grade of5.0% . This was the second-best performance on record and included a new monthly record of 22,202 dmt produced in May 2026 when utilisation and recoveries peaked at98% and73% , respectively. - As previously disclosed1, spodumene sales were 33,977 dmt at an average realised selling price (FOB) of US
$921 /dmt, resulting in revenue of US$31 million . This was a39% QoQ decline in tonnes sold and a37% decrease in the average realised price per tonne as the Company sold the final tonnes under a multi-year contractual agreement that included a lagged pricing mechanism. This legacy contract has now been finalised and pricing in Q1 FY27 and beyond is expected to be more representative of spodumene spot prices. - Unit operating costs per tonne sold (FOB) for NAL were US
$907 /dmt, a3% increase compared to US$884 in the prior quarter, primarily reflecting the release of higher cost inventory resulting from the timing of the planned major plant shutdown costs in April and the sustained mining intensity. - Capital expenditure of US
$4 million for the June 2026 quarter was related to various planned NAL sustaining capital projects and the NAL Expansion Scoping Study.
Growth Projects
NAL Expansion
- Elevra released an Updated Scoping Study for the NAL Expansion evaluating a staged approach which accelerates production growth by two years and more than doubles the project’s incremental post-tax NPV
8% to C$969 million while maintaining total capital expenditure of C$366 million 2. - The Company reached a major milestone with the official groundbreaking of the fully funded NAL Expansion and key equipment orders placed to reduce schedule risk3.
Moblan
- Elevra purchased the spodumene concentrate offtake rights held by an investment vehicle managed by Waratah Capital Advisors, giving the Company control over
100% of its pro rata offtake entitlement, which is60% of Moblan’s annual production4. - To continue advancing project development, Elevra progressed environmental baseline studies and began preparations for an updated Moblan Scoping Study.
Carolina Lithium
- Elevra maintained engagement with the North Carolina Division of Air Quality to progress the project’s air permit while also meeting with local county leadership to provide updates on project activities and reinforce the Company’s commitment to responsible project development.
Corporate
- In May 2026, Elevra announced a Strategic Financing Package to fully fund the NAL Expansion comprised of a US
$196 million (A$275 million ) institutional placement and US$102 million (C$145 million ) in Convertible Notes to be issued to the Canada Growth Fund (CGF) across two tranches. The issuance of the Upfront Tranche of Convertible Notes was approved by shareholders at an Extraordinary General Meeting on 16 July 20265 6, with proceeds of approximately US$46 million (C$65 million ) from the Upfront Tranche to be received in Q3 CY26. Shareholder approval will be sought at the appropriate time for the issuance of a further C$80M Conditional Tranche of Convertible Notes. A US$11 million (A$16 million ) Share Purchase Plan for eligible retail shareholders was also completed7. - Elevra agreed to sell its interest in the Ewoyaa Project in Ghana to Zhejiang Huayou Cobalt Co., Ltd. (Huayou) for approximately US
$71 million in cash (before fees) to streamline the Company’s growth portfolio and remove future funding obligations. This transaction is expected to complete in Q3 CY268. - Cash at the end of the June 2026 quarter was US
$255 million , which did not include the proceeds generated from the sale of the Ewoyaa Project interest or the draw down of the first tranche of the CGF convertible note. Net cash was US$200 million (March 2026: US$59 million ), with the prepayment facility balance of US$55 million (March 2026: US$54 million ). The prepayment facility was subsequently reduced by US$9 million in July 2026. - Guidance for FY27 will be provided with FY26 Full Year Results in late August.
Management Commentary
The June 2026 quarter was a defining period for Elevra as we delivered strong operational performance at North American Lithium, secured a transformational financing package and further strengthened the foundations for our next phase of growth.
At NAL, the team demonstrated that the operational improvements achieved over recent quarters are sustainable, delivering high mill utilisation and lithium recoveries that translated into a new monthly production record in May 2026. The continued improvement in recoveries is particularly notable and reflects the benefits of targeted optimisation initiatives, strong crushing plant performance and enhancements to the processing circuit. These achievements reinforce our confidence in the operation and the opportunity to continue improving performance as we execute the staged expansion plan.
While operational performance remained strong, realised pricing during the June 2026 quarter was impacted by deliveries into a legacy offtake contract that contained an embedded pricing mechanism linked to historical lithium prices. Because of the lagged pricing mechanism, the significant rise in lithium prices seen in recent months was not fully reflected in the pricing Elevra received, but importantly, all obligations under this legacy contract have now been satisfied and we expect future pricing to better reflect spodumene spot prices.
A major highlight of the June 2026 quarter was the successful completion of our Strategic Financing Package, which fully funds the NAL Brownfield Expansion and provides support for the advancement of Moblan toward a Final Investment Decision. The NAL Expansion is a key near-term milestone for Elevra and is expected to deliver meaningful benefits through increased production capacity and lower unit operating costs, further enhancing the quality and competitiveness of our North American asset base.
We were also pleased to welcome Canada Growth Fund as a strategic partner through participation in the Strategic Financing Package. Canada Growth Fund’s investment mandate is strongly aligned with our objective to develop a local critical minerals supply chain, making it a strong partner as we continue to advance our portfolio. We believe this relationship also creates opportunities to collaborate as we pursue future growth initiatives across our business.
During the June 2026 quarter, we also announced the sale of our interest in the Ewoyaa Project in Ghana. This transaction represents a disciplined portfolio decision that allows us to sharpen our focus on our core North American assets, simplify our corporate structure and redeploy capital into opportunities where we see the greatest potential to create value for shareholders.
We believe the outlook for lithium remains positive, and while prices have moderated from the multi-year highs experienced in recent months, market fundamentals remain supportive and underpinned by continued demand growth. At the same time, industry-wide underinvestment during the recent downturn has constrained the pace of new supply growth, reinforcing our view that high-quality projects in strategic jurisdictions will continue to play an increasingly important role in meeting future demand.
Mr Lucas Dow
Managing Director and CEO
Operational Financial Performance
| Unit | Q4 FY26 | Q3 FY26 | QoQ Variance | FY26 | FY25 | YoY Variance | |
| North American Lithium9 | |||||||
| Ore mined | wmt | 372,938 | 370,508 | 1,471,588 | 1,294,972 | ||
| Ore processed | dmt | 358,806 | 346,324 | 1,398,502 | 1,346,462 | ||
| Recovery | % | 71 | 66 | 67 | 69 | ( | |
| Concentrate produced | dmt | 54,479 | 47,332 | 197,967 | 204,857 | ( | |
| Concentrate grade produced | % | 5.0 | 5.0 | — | 5.0 | 5.3 | ( |
| Concentrate sold | dmt | 33,977 | 55,526 | ( | 181,494 | 209,038 | ( |
| Average realised selling price (FOB)10 | US$/dmt | 921 | 1,453 | ( | 1,092 | 694 | |
| Revenue | US$M | 31 | 81 | ( | 198 | 145 | |
| Unit operating cost per tonne sold (FOB)11 | US$/dmt | 907 | 884 | 853 | 835 | ||
| Group | |||||||
| Cash balance | US$M | 255 | 113 | 255 | 47 | ||
| USD : CAD | $ | 1.38 | 1.37 | 1.38 | 1.40 | ( | |
| USD : AUD | $ | 1.41 | 1.44 | ( | 1.48 | 1.55 | ( |
Health and Safety
Safety remains a core priority across Elevra’s operations. Health and safety performance remained strong during the June 2026 quarter with two recordable injuries and no lost-time injuries. This trend of significant improvements in safety performance since the restart of NAL operations in March 2023 is enabled by the growing maturity of our risk management culture and the commitment of our teams to safe operations.
As we move forward with our growth plans, our focus remains on maintaining the same culture of risk awareness, accountability, and operational excellence.
ESG and Community Engagement
As Elevra continues to advance the NAL Expansion, the Company engaged with several local stakeholder groups to present and discuss the status of current operations and the expansion project. These consultations provided an opportunity to gather feedback, identify concerns, and understand community expectations which will guide planning and further engagement efforts.
Environmental studies required for the NAL Expansion progressed along with engineering work to define the expected impacts of the expansion and support permitting, project design and development. Permitting is not expected to constrain the initial stage of the expansion, allowing development to progress in parallel with the advancement and finalisation of longer-term permitting requirements.
For Moblan, environmental studies and associated permitting activities represent the critical path for project development. Ongoing technical and engineering work will continue to refine the project scope and inform permitting requirements and timelines.
North American Lithium
Mining
Ore mined of 372,938 wmt was
Mining activity during the June 2026 quarter continued to focus on executing the planned mine development sequence while optimising ore availability and feed quality. As was planned, ore uncovered decreased by
The feed grade of ore delivered to the ROM stockpile averaged
Production
Production increased to 54,479 dmt of spodumene concentrate at an average grade of
The mill processed 358,806 tonnes of ore during the June 2026 quarter (up
Mill utilisation was
An improvement in the average feed grade to
Sales
NAL revenue was US
Revenue declined by
The average realised selling price (FOB) for the June 2026 quarter was US
A total of 40,863 dmt of spodumene concentrate finished goods was stockpiled at NAL, in transit or at the port as at 30 June 2026. We expect a shipment of approximately 32,500 dmt will be completed in July with a further shipment expected by the end of the quarter.
Costs
Unit operating costs per tonne sold (FOB) increased
Controllable costs increased
Total ore mining and waste stripping costs increased by
Total ore processing costs increased
Growth Projects
NAL Brownfield Expansion
Elevra released an Updated Scoping Study for the NAL Brownfield Expansion which outlined the enhanced project economics and increased strategic value derived from a staged development strategy that accelerated production growth while maintaining the total capital expenditure estimate12.
The Updated Scoping Study demonstrates a significant improvement in the value of the expansion project, with the incremental post-tax net present value increasing to C
Following the successful completion of a capital raise in May 2026, which fully funded all three stages of the expansion14, the Company announced the official groundbreaking of the expansion and placed orders for key equipment to derisk the planned delivery schedule15.
Strategically, the NAL Brownfield Expansion reinforces Elevra’s position as a leading North American lithium producer at a time when demand for secure and transparent battery material supply chains continues to grow. By delivering additional production earlier, generating cash flow sooner and preserving flexibility to respond to market conditions, the staged development model provides a disciplined pathway for growth.
Moblan
At the Moblan Project, activities during the June 2026 quarter focused on advancing the key workstreams required to support a future Final Investment Decision (FID) following the successful completion of the May 2026 capital raise14. Permitting remains the critical path for development and Elevra’s immediate priorities are centred on advancing baseline environmental studies and associated permitting activities.
Elevra completed the purchase and termination of the existing spodumene concentrate offtake agreement held by an investment vehicle managed by Waratah Capital Advisors Ltd16. The transaction strengthens Elevra’s long-term position at Moblan by eliminating a life-of-mine sales commitment priced at a discount to prevailing market conditions, allowing the Company to regain full control of its attributable share of Moblan’s annual production and providing increased flexibility to structure future sales and financing opportunities as the project advances toward development.
In parallel, the Company has commenced work to review and update Moblan’s 2024 Definitive Feasibility Study to incorporate the project’s expanded mineral resource base and further refine the development pathway.
Carolina Lithium
During the June 2026 quarter, Elevra continued to advance permitting and stakeholder engagement activities for the Carolina Lithium Project. The Company maintained its engagement with the North Carolina Division of Air Quality to progress the air permitting process toward public comment while continuing to work collaboratively with local, state and federal stakeholders. Members of Elevra’s senior leadership team also met with local Gaston County leadership to provide updates on recent project development activities.
Western Australia
Morella Lithium Joint Venture Project
Elevra has a
Following completion of the March 2026 20-hole reverse circulation (RC) drill program at Mt Edon in the South Murchison, assay results testing the Sophie pegmatite were returned. The assay results continued to demonstrate broad zones of rubidium mineralisation and identified several higher-grade zones, reinforcing confidence in the continuity and scale potential of the mineralised pegmatite system.
The assay results provided the dataset required to support the preparation of a maiden JORC Mineral Resource Estimate, while ongoing metallurgical test work continues to evaluate development opportunities associated with the project’s rubidium mineralisation and associated lithium potential.
Tabba Tabba
Elevra holds the lithium and pegmatite rights over the Tabba Tabba project (E45/2364), where exploration is targeting gabbro hosted, flat lying spodumene pegmatite systems. The lease is well located being directly south and along strike from known lithium mineralisation.
Planned exploration activities remain focused on drill testing favourable geology along the western flank of the Corridor Gabbro in the North drill area and the Pascal pegmatite cluster, which is located approximately 3km along strike to the south and has untested pegmatite occurrences.
Heritage surveys will precede initial RC drilling later in calendar year 2026.
Corporate
Strategic Financing Package to Fund Growth Projects
During the June 2026 quarter, Elevra announced a Strategic Financing Package comprising an equity raising and the issuance of convertible notes to Canada Growth Fund (CGF), securing the funding required to execute the Company’s near-term growth strategy17.
The financing included a fully underwritten US
In conjunction with the Strategic Financing Package, Elevra offered a Share Purchase Plan (SPP) to eligible existing shareholders and raised an additional US
The proceeds from the Strategic Financing Package are expected to fully fund the staged NAL Brownfield Expansion, allowing the Company to plan and execute its multi-year expansion plans with certainty, and provide funding to advance the Moblan Project through pre-development work towards FID.
The strengthened capital position provides Elevra with the flexibility to progress key workstreams across its growth portfolio while maintaining sufficient liquidity to operate through market cycles.
Sale of Ewoyaa Project Interest
Elevra entered into a binding agreement to divest its rights and interests in the Ewoyaa Project, including its associated offtake rights, to Huayou, with completion expected in Q1 FY2721. Subject to satisfaction of the conditions precedent and completion in accordance with its terms, the transaction will provide Elevra with approximately US
Cash
Cash and cash equivalents increased by US
NAL generated profit from operations of US
Capital expenditure in the June 2026 quarter was US
The balance of the prepayment facility, which relates to advance payments based on the value of certain committed future sales of spodumene concentrate was US
The Group reported a net cash outflow of US
Capital Structure
At 30 June 2026, the Company had the following capital structure:
- 194,016,029 ordinary fully paid shares;
- 8,000,000 unquoted options expiring on 31 December 2028 (EX
$4.80) ; - 56,678 unquoted options expiring on 12 May 2029 (EX
$18.30) ; - 2,457,652 unquoted performance rights (expiring various dates).
Announcement authorised for release by the Board of Directors of Elevra Lithium Limited.
Information
The following information applies to this report:
- All references to dollars and cents are United States currency, unless otherwise stated.
- Numbers presented may not add up precisely to the totals provided due to rounding.
The following abbreviations may have been used throughout this report: cost, insurance and freight (CIF); dry metric tonne (dmt); earnings before interest and tax (EBIT); earnings before interest, tax, depreciation and amortisation (EBITDA); free on board (FOB); life of mine (LOM); lithium carbonate (Li2CO3); lithium hydroxide (LiOH); lithium oxide (Li2O); net present value (NPV); run of mine (ROM); thousand tonnes (kt); tonnes (t); and wet metric tonne (wmt).
Forward-Looking Statements
This report may contain certain forward-looking statements. Such statements are only predictions, based on certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond Elevra Lithium Limited's control. Actual events or results may differ materially from the events or results expected or implied in any forward-looking statement. The inclusion of such statements should not be regarded as a representation, warranty or prediction with respect to the accuracy of the underlying assumptions or that any forward-looking statements will be or are likely to be fulfilled.
Elevra Lithium Limited undertakes no obligation to update any forward-looking statement or other statement to reflect events or circumstances after the date of this report (subject to securities exchange disclosure requirements).
The information in this report does not take into account the objectives, financial situation or particular needs of any person. Nothing contained in this report constitutes investment, legal, tax or other advice.
The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and all material assumptions and technical parameters continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements.
About Elevra Lithium
Elevra Lithium Limited (ASX: ELV; NASDAQ: ELVR) is North America's largest hard-rock lithium producer with a diversified portfolio of high-quality assets across Québec (Canada), the United States, and Western Australia.
Our flagship operation, the North American Lithium (NAL) mine in Québec, Canada has successfully ramped up production of spodumene concentrate, supported by ongoing operational enhancements to increase recovery rates, throughput, and mill utilisation. Following a Mineral Resource upgrade, Elevra completed a Scoping Study for a brownfield expansion to increase NAL’s annual spodumene concentrate production and reduce unit operating costs.
Complementing NAL, the Moblan Lithium Project in central Québec represents one of the largest undeveloped spodumene resources in North America, with a Mineral Resource of 121 Mt @
In Western Australia, Elevra holds an extensive portfolio of lithium and gold tenements, where exploration programs are advancing to unlock additional growth opportunities. Meanwhile, in the United States, our Carolina Lithium Project offers a strategic foothold in the downstream lithium chemicals market.
Looking ahead, Elevra is focused on strategic downstream partnerships to enable further value-added lithium production, positioning the Company to deliver a secure, sustainable supply of critical minerals to global customers. Together, these assets establish Elevra as a growth-focused supplier supporting the global energy transition.
For more information, please visit us at www.elevra.com.
Appendix
| Unit | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
| Physicals23 | ||||||
| Ore mined | wmt | 361,883 | 338,341 | 389,801 | 370,508 | 372,938 |
| Ore crushed | wmt | 379,353 | 349,698 | 361,485 | 350,202 | 384,307 |
| Ore processed | dmt | 357,290 | 341,780 | 351,592 | 346,324 | 358,806 |
| Concentrate produced | dmt | 58,533 | 52,003 | 44,154 | 47,332 | 54,479 |
| Concentrate sold | dmt | 66,980 | 25,975 | 66,016 | 55,526 | 33,977 |
| Unit Metrics | ||||||
| Average realised selling price (FOB)24 | US$/dmt | 682 | 784 | 998 | 1,453 | 921 |
| Unit operating cost per tonne sold (FOB)25 | US$/dmt | 791 | 818 | 812 | 884 | 907 |
| Production Variables | ||||||
| Mill utilisation | % | 92% | ||||
| Recovery | % | 71% | ||||
| Concentrate grade produced | % | 5.0% | ||||
______________________________
1 ASX release 10 July 2026 “Elevra Lithium Provides Update on June 2026 Quarter Production and Sales”.
2 ASX release 12 May 2026 “Updated NAL Expansion Scoping Study Defines Faster Growth and Lower Costs”.
3 ASX release 29 June 2026 “Elevra Breaks Ground on Fully Funded North American Lithium Expansion”.
4 ASX release 12 May 2026 “Elevra Announces Purchase of Moblan Offtake Rights”.
5 ASX release 12 June 2026, “Notice of Extraordinary Meeting & Proxy Form”.
6 ASX release 16 July 2026 “2026 Extraordinary General Meeting Results”.
7 ASX release 5 June 2026 “Completion of Share Purchase Plan”.
8 ASX release 11 May 2026 “Elevra Announces Agreement to Sell Ewoyaa Project Interest”.
9 Numbers presented may not add up precisely to the totals provided due to rounding.
10 Average realised selling price is calculated on an accruals basis and reported in US$/dmt sold, FOB Port of Québec.
11 Unit operating cost per tonne sold is calculated on an accruals basis and includes mining, processing, transport, port charges, site-based general and administration costs and cash based inventory movements, and excludes depreciation and amortisation charges, freight and royalties. It is reported in US$/dmt sold, FOB Port of Québec.
12 ASX release 12 May 2026 “Updated NAL Expansion Scoping Study Defines Faster Growth and Lower Costs”.
13 ASX release 15 September 2025 “NAL Expansion Scoping Study Confirms Lower Costs and Strong Returns”.
14 ASX release 13 May 2026 “Elevra Announces Successful Completion of A
15 ASX release 29 June 2026 “Elevra Breaks Ground on Fully Funded North American Lithium Expansion”.
16 ASX release 12 May 2026 “Elevra Announces Purchase of Moblan Offtake Rights”.
17 ASX release 12 May 2026 “Elevra Announces Transformational Financing Package to Accelerate Growth”.
18 FX as at 11 May 2026: USD/CAD 1.37, USD/AUD 1.38
19 ASX release 16 July 2026 “Results of 2026 Extraordinary General Meeting”.
20 ASX release 5 June 2026 “Completion of Share Purchase Plan”.
21 ASX release 11 May 2026 “Elevra Announces Agreement to Sell Ewoyaa Project Interest”.
22 Net cash is equal to the balance of cash and cash equivalents less the balance of the prepayment facility.
23 Numbers presented may not add up precisely to the totals provided due to rounding.
24 Average realised selling price is calculated on an accruals basis and reported in US$/dmt sold, FOB Port of Québec.
25 Unit operating cost sold is calculated on an accruals basis and includes mining, processing, transport, port charges, site-based general and administration costs and cash based inventory movements, and excludes depreciation and amortisation charges, freight and royalties. It is reported in US$/dmt sold, FOB Port of Québec.
For more information, please contact: Andrew Barber Chief Development and Investor Relations Officer Email: ir@elevra.com Phone: +61 7 3369 7058