Elevra (NASDAQ: ELVR) lapses 42,786 performance rights on ASX
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Elevra Limited reports a routine change to its capital structure after certain employee-style incentives lapsed. On 19 January 2026, 42,786 performance rights ceased because the conditions attached to them were not met or became incapable of being satisfied, and no consideration was paid in connection with this lapse.
After this change, Elevra has 169,376,771 ordinary fully paid shares quoted on ASX, along with 1,345,465 performance rights and 2,723,613 ELVAN options expiring 31 December 2028 with a $4.80 exercise price remaining on issue.
Positive
- None.
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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 January 2026
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 ☒ | Form 40-F ☐ |
 Appendix 3H - Notification of
cessation of securities |
Announcement Summary
Entity name
ELEVRA LITHIUM LIMITED
Announcement Type
New announcement
Date of this announcement
Friday January 23, 2026
Details of +securities that have ceased
|
ASX +security
code
|
Security description
|
Number of
+securities that
have ceased
|
The +securities have
ceased due to
|
Date of
cessation
|
|||
|
ELVAM
|
PERFORMANCE RIGHTS
|
42,786
|
Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied
|
19/01/2026
|
Refer to next page for full details of the announcement
|
Appendix 3H - Notification of
cessation of securities |
Part 1 - Announcement Details
1.1 Name of +Entity
ELEVRA LITHIUM LIMITED
We (the entity named above) provide the following information about our issued capital.
|
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
23/1/2026
|
Appendix 3H - Notification of
cessation of securities |
Part 2 - Details of +equity securities or +debt securities that have ceased
ASX +Security Code and Description
ELVAM : PERFORMANCE RIGHTS
Unquoted +equity securities that have ceased Number of securities that have ceased
42,786
Reason for cessation
Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied
|
Date of cessation
|
Is the entity paying any consideration for the cessation?
|
| 19/1/2026 | NO |
Any other information the entity wishes to notify to ASX about the cessation?
|
Lapse of 42,786 unlisted performance rights pursuant to the terms of the Elevra Equity Incentive Plan.
|
|
Appendix 3H - Notification
of cessation of securities |
Part 3 - Issued capital following changes
Following the cessation of the +securities the subject of this notification, the issued capital of the entity will comprise:
The figures in parts 3.1 and 3.2 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.
3.1 Quoted +equity securities and +debt securities (total number of each +class of +securities quoted on ASX)
|
ASX +security code and description
|
Total number of
+securities on issue
|
|
ELV : ORDINARY FULLY PAID
|
169,376,771
|
3.2 Unquoted +equity securities (total number of each +class of +equity securities issued but not quoted on ASX)
|
ASX +security code and description
|
Total number of
+securities on issue
|
|
ELVAM : PERFORMANCE RIGHTS
|
1,345,465
|
|
ELVAN : OPTION EXPIRING 31-DEC-2028 EX $4.80
|
2,723,613
|
Note: the figures stated in the tables above are used to calculate the total market capitalisation of the entity published by ASX from time to time. The
table will not include those classes of +securities that have ceased or lapsed in their entirety in ASX records before the announcement date described in Q1.5, even if the entity has advised ASX of a change to that class of +security in Part
2 of this form.
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
|
||
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Date: January 28, 2026
|
By:
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/s/ Dylan Roberts
|
|
Name: Dylan Roberts
|
||
|
Title: Company Secretary and General Counsel
|
||
FAQ
What capital change did Elevra Limited (ELVR) report in this filing?
Elevra Limited reported that 42,786 performance rights lapsed on 19 January 2026. These rights ceased because their conditions were not satisfied or became incapable of being met, slightly reducing outstanding unquoted equity incentives.
Why did 42,786 Elevra Limited (ELVR) performance rights lapse?
The 42,786 performance rights lapsed because the conditional rights to securities were not met or became incapable of being satisfied. This reflects performance or vesting hurdles not being achieved under the terms of the incentive plan.
Did Elevra Limited (ELVR) pay any consideration for the cessation of rights?
No consideration was paid for the cessation of the 42,786 performance rights. The rights simply lapsed when their conditions were not fulfilled, resulting in a reduction of potential future equity issuance without a cash cost.
How many Elevra Limited (ELVR) ordinary shares are now on issue?
Following the lapse of the performance rights, Elevra has 169,376,771 ordinary fully paid shares on issue. This figure reflects the company’s quoted equity capital on ASX at the time of the notification in the filing.
What unquoted equity instruments does Elevra Limited (ELVR) still have outstanding?
Elevra still has 1,345,465 performance rights and 2,723,613 ELVAN options outstanding. The ELVAN options expire on 31 December 2028 and have a $4.80 exercise price, representing potential future equity if exercised.
Does this Elevra Limited (ELVR) update involve new securities being issued?
No new securities were issued; instead, 42,786 performance rights lapsed. This slightly reduces the pool of potential future shares under equity incentives, while leaving existing ordinary shares, remaining performance rights and options unchanged.
Elevra Lithium