Elevra Lithium proposes Ewoyaa sale for about US$71M
Huayou's separate Atlantic Lithium acquisition has received FIRB approval, while Elevra's Ewoyaa sale still requires Ghanaian Government approval.
Sentiment and the balance of points
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Form Type
6-K
Rhea-AI Filing Summary
Elevra Lithium Ltd (ELVR) says its proposed sale to Zhejiang Huayou Cobalt Co., Ltd. of all its rights and interests in Ghana’s Ewoyaa Lithium Project, including associated offtake rights, provides for cash consideration of approximately US$71 million before fees and taxes. Completion remains subject to Ghanaian Government approvals.
If approvals have not been obtained by October 30, 2026, Huayou may elect to complete the transaction and pay approximately US$71 million, or terminate and pay Elevra a US$5 million break fee. No break fee is payable if the Ghanaian Government rejects Huayou’s application on or before that date. Huayou has separately received FIRB approval for its proposed acquisition of Atlantic Lithium, but that scheme remains subject to its remaining conditions and Elevra’s sale is not conditional on it.
Elevra’s indicative 2026 AGM dates are October 8 for director nominations, October 16 for release of the meeting notice, and November 19 for the AGM.
Key Figures
Cash consideration: approximately US$71 million
Break fee: US$5 million
Ghanaian approval decision date: October 30, 2026
+3 more
6 metrics
Cash consideration
approximately US$71 million
Proposed sale of Elevra’s Ewoyaa Project rights and interests, before fees and taxes
Break fee
US$5 million
Payable to Elevra if Huayou terminates under the stated approval conditions
Ghanaian approval decision date
October 30, 2026
Date by which approvals must be obtained for the stated election terms
Director nomination deadline
October 8, 2026
Indicative date for Elevra’s 2026 AGM
Notice of AGM release
October 16, 2026
Indicative date for release of the 2026 meeting notice
Annual General Meeting
November 19, 2026
Indicative date for Elevra’s 2026 AGM
Key Terms
offtake rights, break fee, Foreign Investment Review Board, Scheme of Arrangement
4 terms
offtake rights technical
"including its associated offtake rights"
A contractual right allowing a buyer to purchase a future share or all of a producer’s output (such as minerals, energy, or manufactured goods) at agreed terms. Like pre-ordering and locking in supply from a factory, offtake rights give the seller predictable revenue and the buyer assured access to product. Investors watch them because they reduce sales risk, help secure project financing, and can materially affect a company’s future cash flow and valuation.
break fee financial
"terminate the transaction and pay Elevra a US$5 million break fee"
A break fee is a pre-agreed payment one party must make if it backs out of a merger, acquisition, or other major deal, acting like a penalty for walking away. It matters to investors because it can shift the financial outcome of a deal — protecting the party left behind, discouraging frivolous bids, and altering expected cash flows or takeover premiums that affect shareholder value.
Foreign Investment Review Board regulatory
"Huayou has received FIRB approval"
A foreign investment review board is a government body that screens inward foreign investments to decide whether they are allowed, need conditions, or should be blocked because of national interest, security, or competition concerns. For investors, this gatekeeper can change the timing, cost, or even the feasibility of a deal—like a security checkpoint that can clear, delay, or impose restrictions on a planned transaction.
Scheme of Arrangement regulatory
"proposed acquisition by way of Scheme of Arrangement"
A scheme of arrangement is a legal agreement between a company and its shareholders or creditors to reorganize or settle debts, often to avoid bankruptcy or make big changes. It’s like a carefully planned handshake that everyone agrees to, helping the company stay afloat or improve its financial health.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What cash consideration is set for ELVR’s proposed Ewoyaa sale?
The agreement provides for approximately US$71 million in cash consideration before fees and taxes for all of Elevra’s Ewoyaa Project rights and interests, including associated offtake rights.
What happens if Ghanaian approval is not received by October 30, 2026?
If the approvals have not been obtained by October 30, 2026, Huayou may elect to complete the transaction and pay approximately US$71 million, or terminate and pay Elevra a US$5 million break fee. No break fee is payable if the Ghanaian Government rejects the application on or before that date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 October 2026
Commission File Number 001-42819
ELEVRA LITHIUM LIMITED
(Translation of registrant’s name into English)
Level 3,
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 ☒ Form 40-F ☐
Elevra Lithium Limited (the “Registrant”) is furnishing the following exhibits on this Report on Form 6-K, each of which is hereby incorporated by reference:
Exhibit
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No.
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Description
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99.1
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Announcement filed by the Registrant with the Australian Securities Exchange on September 30, 2026 – 2026 Annual General Meeting Information.
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99.2
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Announcement filed by the Registrant with the Australian Securities Exchange on October 1, 2026 – Ewoyaa Sales Update.
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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.
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ELEVRA LITHIUM LIMITED
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Date: October 1, 2026
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By:
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/s/ Dylan Roberts
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Name: Dylan Roberts
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Title: Company Secretary and General Counsel
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Exhibit 99.1
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ASX ANNOUNCEMENT
30 September 2026
2026 Annual General Meeting Information
North American lithium producer Elevra Lithium Limited (“Elevra”) (ASX:ELV; NASDAQ:ELVR) announces the following indicative key dates for the 2026 Annual General Meeting:
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Date
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Event
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8 October 2026
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Last date for nomination of Directors
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16 October 2026
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Release of 2026 Notice of Annual General Meeting
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19 November 2026
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2026 Annual General Meeting
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Shareholders will be provided with information on how to participate in the 2026 Annual General Meeting when the Notice of Meeting is released on 16 October
2026.
Announcement authorised for release by Elevra’s Managing Director and Chief Executive Officer.
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 (100%), a 60% stake in the Moblan Lithium Project in Central Québec and the Carolina Lithium Project (100%) in
the United States.
For more information, please visit us at www.elevra.com or contact:
Andrew Barber
Investor Relations
PH: +617 3369 7058
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ELEVRA LITHIUM • Level 3, 10 Eagle Street • Brisbane QLD 4000 • Australia
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| +61 7 3369 7058 • info@elevra.com • ASX:ELV | NASDAQ:ELVR • ABN 26 091 951 978 |
elevra.com
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Exhibit 99.2
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ASX ANNOUNCEMENT
1 October 2026
Ewoyaa Sale Update
North American lithium producer Elevra Lithium Limited (“Elevra”) (ASX:ELV; NASDAQ:ELVR) provides an update on the proposed sale of
its interests in the Ewoyaa Lithium Project (“Ewoyaa Project”) in Ghana to Zhejiang Huayou Cobalt Co., Ltd. (“Huayou”) where the Ghanaian Government approval process continues and Huayou has received FIRB approval for the proposed acquisition of
Atlantic Lithium Limited (ASX: A11) (“Atlantic Lithium”).
As announced on 11 May 20261, Elevra entered into an agreement with Huayou for the sale of all of Elevra’s rights and interests in the Ewoyaa Project, including its
associated offtake rights, for cash consideration of approximately US$71 million before fees and taxes.
Completion of the transaction remains subject to receipt of the required Ghanaian Government approvals. Huayou continues to progress the approvals process with the relevant
Ghanaian authorities, with Elevra working constructively with Huayou to facilitate completion.
Under the current terms of the agreement with Huayou, if the relevant Ghanaian Government approvals have not been obtained by 30 October 2026, Huayou will have an election to
either complete the transaction (and pay the cash consideration of approximately US$71 million) or terminate the transaction and pay Elevra a US$5 million break fee. In circumstances where the Ghanaian Government rejects Huayou’s application on or
before 30 October 2026, then no break fee shall be payable to Elevra.
Separately, Huayou continues to progress its proposed acquisition of Atlantic Lithium2 which holds the remaining private-sector interest in the Ewoyaa Project.
Atlantic Lithium has announced that Huayou has received approval from Australia’s Foreign Investment Review Board (“FIRB”) for the proposed acquisition by way of Scheme of Arrangement3 (“Scheme”).
The receipt of FIRB approval represents further progress in Huayou’s proposed acquisition of Atlantic Lithium. The Scheme remains subject to the satisfaction or waiver of its
remaining conditions, including applicable shareholder, court and regulatory approvals.
As previously announced, Huayou’s proposed acquisition of Elevra’s interests in the Ewoyaa Project is separate from, and is not conditional upon, completion of Huayou’s
proposed acquisition of Atlantic Lithium.
Elevra will provide a further update when there is a material development in relation to the Ghanaian Government approval process or completion of the transaction.
Elevra’s Managing Director and Chief Executive Officer, Mr. Lucas Dow, said: “Huayou continues to progress the Ghanaian Government approval
process required to complete the acquisition of Elevra’s interests in the Ewoyaa Project.
“The receipt of FIRB approval for Huayou’s separate proposed acquisition of Atlantic Lithium represents further progress in Huayou’s broader proposed
investment in the Ewoyaa Project. We continue to work constructively with Huayou towards completion of Elevra’s transaction.”
Announcement authorised for release by Elevra’s Managing Director and Chief Executive Officer.
1 See ASX announcement dated 11 May 2026, “Elevra enters agreement to sell Ewoyaa Project Interest”.
2 Atlantic Lithium Limited ASX announcement dated 7 May 2026, “Binding Scheme Implementation Deed with Huayou”.
3 Atlantic Lithium Limited ASX announcement dated 17 September 2026, “Scheme Update –FIRB Approval received for acquisition
of A11”.
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ELEVRA LITHIUM • Level 3, 10 Eagle Street • Brisbane QLD 4000 • Australia
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| +61 7 3369 7058 • info@elevra.com • ASX:ELV | NASDAQ:ELVR • ABN 26 091 951 978 | elevra.com |
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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 (100%), a 60% stake in the Moblan Lithium Project in Central Québec and the Carolina Lithium Project (100%) in the United
States.
For more information, please visit us at www.elevra.com or contact:
Andrew Barber
Investor Relations
PH: +617 3369 7058
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ELEVRA LITHIUM
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