Elevra Lithium updates capital after 10,649 performance rights convert

Rhea-AI Filing Summary

Elevra Lithium Limited reports the conversion of 10,649 unlisted performance rights into the same number of ordinary fully paid shares on 12/11/2025. These rights were held by key management person Sylvain Collard and exercised under the company’s Employee Share and Option Plan approved by shareholders.

After this transaction, Elevra Lithium has 169,329,111 ELV ordinary fully paid shares quoted on ASX. Unquoted securities comprise 1,760,737 ELVAM performance rights, 14,897 ELVAA options expiring on various dates at various prices, and 2,723,613 ELVAN options expiring 31-Dec-2028 with a $4.80 exercise price.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2025

Commission File Number 001-42819

ELEVRA LITHIUM LIMITED

(Translation of registrant’s name into English)

Level 28,

10 Eagle Street

Brisbane, Queensland 4000

Australia

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  x                Form 40-F  ¨

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Announcement Summary

Entity name

ELEVRA LITHIUM LIMITED

Date of this announcement

Friday November 14, 2025

The +securities the subject of this notification are:

Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

Total number of +securities to be issued/transferred

ASX +security code		Security description		Total number of +securities to be issued/transferred				Issue date
ELV		ORDINARY FULLY PAID			10,649			12/11/2025

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 1 / 6

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 1 - Entity and announcement details

1.1 Name of entity

ELEVRA LITHIUM LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type	Registration number
ABN	26091951978

1.3 ASX issuer code

ELV

1.4 The announcement is

New announcement

1.5 Date of this announcement

14/11/2025

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 2 / 6

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

2.2b The +securities being issued, transferred or re-classified as a result of the options being exercised or other +convertible securities being converted are:

securities that have already been quoted on ASX ("existing class")

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 3 / 6

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

A transfer of existing +securities

The underlying securities being received by the holder are:

Already quoted by ASX

Existing +securities converting into an existing class

FROM (Existing Class)

ASX +Security code and description

ELVAM : PERFORMANCE RIGHTS

TO (Existing Class)

ASX +Security code and description

ELV : ORDINARY FULLY PAID

Please state the number of options that were exercised or other +convertible securities that were converted		The first date the options were exercised or other +convertible securities were converted		The last date the options were exercised or other +convertible securities were converted
10,649		12/11/2025		12/11/2025

Is this all of the options or other +convertible securities on issue of that type?

No

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?

Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate?

Yes

Provide details of the KMP or +associates who are exercising options or converting +convertible securities.

Name of KMP		Name of registered holder		Number of +securities
Sylvain Collard		Sylvain Collard		10,649

Date the +securities the subject of this notification were issued/transferred

12/11/2025

Any other information the entity wishes to provide about the +securities the subject of this notification

Exercise of 10,649 unlisted performance rights by Sylvain Collard under the terms of the Employee Share and Option Plan as approved by shareholders.

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 4 / 6

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Issue details

Number of +securities

10,649

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 5 / 6

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
ELV : ORDINARY FULLY PAID	169,329,111

4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
ELVAM : PERFORMANCE RIGHTS	1,760,737
ELVAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	14,897
ELVAN : OPTION EXPIRING 31-DEC-2028 EX $4.80	2,723,613

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 6 / 6

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	ELEVRA LITHIUM LIMITED
Date: November 17, 2025	By:	/s/ Dylan Roberts
		Name: Dylan Roberts
		Title: Company Secretary and General Counsel

FAQ

What did Elevra Lithium Limited (ELVR) announce in this Form 6-K?

Elevra Lithium Limited announced the conversion of 10,649 unlisted performance rights into ordinary fully paid shares, following the exercise of those rights on 12/11/2025.

How many Elevra Lithium performance rights were converted and into what security?

A total of 10,649 ELVAM performance rights were converted into 10,649 ELV ordinary fully paid shares, an existing class already quoted on the ASX.

Who exercised the Elevra Lithium performance rights reported in this filing?

The performance rights were exercised by Sylvain Collard, who is identified as key management personnel, with all 10,649 rights registered in his name.

What is Elevra Lithium’s total number of ordinary shares after this conversion?

Following the conversion, Elevra Lithium has 169,329,111 ELV ordinary fully paid shares on issue and quoted on the ASX.

How many unquoted Elevra Lithium securities remain on issue?

Unquoted securities on issue are 1,760,737 ELVAM performance rights, 14,897 ELVAA options expiring on various dates at various prices, and 2,723,613 ELVAN options expiring on 31-Dec-2028 with a $4.80 exercise price.

Were the converted Elevra Lithium performance rights part of an employee incentive scheme?

Yes. The 10,649 performance rights exercised by Sylvain Collard were issued under Elevra Lithium’s Employee Share and Option Plan, which had been approved by shareholders.