Elevra Lithium (NASDAQ: ELVR) lifts June 2026 output as legacy pricing contract sunsets
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Elevra Lithium Limited reported a June 2026 quarter production update for its North American Lithium operation in Québec and disclosed a small equity incentive issuance. NAL produced approximately 54,479 dmt of spodumene concentrate and sold about 33,977 dmt, at an average realised provisional price of US$919 per dmt FOB. Production rose 15% from the March 2026 quarter, with May output of roughly 22,202 dmt and full‑year production of about 197,968 dmt. Inventory at quarter‑end was around 40,863 dmt, with lower realised pricing driven by contractual lagged pricing based on October 2025–March 2026 market levels. Elevra also issued 2,160 unquoted performance rights under an employee incentive scheme, bringing ordinary shares on issue to 194,016,029 and performance rights to 2,660,336.
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Insights
Production is rising strongly, but realised prices still reflect older, weaker market levels.
Elevra Lithium reports NAL output of 54,479 dmt for the June 2026 quarter, a 15% increase from the March quarter, with a monthly record of 22,202 dmt in May and full‑year production of 197,968 dmt. This suggests improving plant optimisation and operating consistency at NAL.
However, average realised pricing of US$919 per dmt is held back by lagged contract formulas tied to October 2025–March 2026 prices. Management notes that June quarter deliveries include the final volumes under its most substantial legacy lagged‑pricing contract, so realised prices for Q1 FY27 and beyond are expected to track spot markets more closely.
Separately, issuance of 2,160 unquoted performance rights under an employee incentive scheme is immaterial relative to 194,016,029 ordinary shares and 2,660,336 performance rights on issue. A fuller operational and financial picture will come with the detailed June 2026 Quarterly Activities Report later in July 2026.
Key Figures
Quarterly production: 54,479 dmt
Quarterly sales volume: 33,977 dmt
Average realised price: US$919 per dmt
+5 more
8 metrics
Quarterly production
54,479 dmt
Spodumene concentrate produced at NAL in the June 2026 quarter
Quarterly sales volume
33,977 dmt
Spodumene concentrate sales in the June 2026 quarter
Average realised price
US$919 per dmt
Average provisional FOB price for June 2026 quarter sales
Production increase
15%
Increase in NAL production vs March 2026 quarter
Full-year production
197,968 dmt
Total NAL production for the full year to June 2026
Quarter-end inventory
40,863 dmt
Provisional spodumene concentrate inventory at end of June 2026 quarter
Ordinary shares on issue
194,016,029
Total ELV ordinary fully paid shares after performance rights issue
New performance rights issued
2,160
Unquoted ELVAM performance rights issued under employee incentive scheme on 30 June 2026
Key Terms
spodumene concentrate, lagged pricing mechanism, employee incentive scheme, performance rights, +1 more
5 terms
spodumene concentrate technical
"produced approximately 54,479 dry metric tonnes (“dmt”) of spodumene concentrate"
A processed rock product that concentrates spodumene, a mineral rich in lithium, which is then refined into lithium chemicals used to make rechargeable batteries. Think of it as the crude oil equivalent for lithium batteries: an early-stage raw material whose availability and price influence the cost and supply of battery-grade lithium. Investors watch spodumene concentrate as an indicator of future battery material supply, production costs, and the health of electric-vehicle and energy-storage supply chains.
lagged pricing mechanism financial
"realised pricing for the quarter is below current spot market pricing due to contractual lagged pricing mechanisms"
employee incentive scheme financial
"Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX"
performance rights financial
"ASX +security code and description ELVAM PERFORMANCE RIGHTS"
Performance rights are conditional awards that give employees or executives the promise of receiving company shares or cash only if the business meets specific targets or survives for a set period. They work like a bonus you only get when certain goals are hit, so they matter to investors because they can increase the number of shares outstanding (dilution), signal management’s incentives and confidence in future results, and affect per-share earnings and valuation.
legacy contract financial
"final volumes under Elevra’s most substantial legacy contract with a lagged pricing mechanism"
FAQ
What were Elevra (ELVR) lithium production volumes for the June 2026 quarter?
Elevra’s North American Lithium operation produced approximately 54,479 dmt of spodumene concentrate in the June 2026 quarter, a 15% increase from the March 2026 quarter and the second-highest quarterly production achieved at NAL to date.
What sales volumes and prices did Elevra (ELVR) achieve in the June 2026 quarter?
Elevra recorded sales of about 33,977 dmt of spodumene concentrate at an average realised provisional price of roughly US$919 per dmt FOB, with pricing affected by contractual lagged mechanisms tied to earlier market conditions.
How much lithium inventory did Elevra (ELVR) hold at 30 June 2026?
At the end of the June 2026 quarter, Elevra reported provisional inventory on hand of approximately 40,863 dmt of spodumene concentrate, reflecting timing of customer delivery schedules under existing offtake contracts.
What equity incentive securities did Elevra (ELVR) issue in July 2026?
Elevra issued 2,160 unquoted performance rights (ASX code ELVAM) on 30 June 2026 under an employee incentive scheme, which are not intended to be quoted on ASX and rank equally with existing ELVAM performance rights.
When will Elevra (ELVR) release full June 2026 quarterly financial details?
Elevra states that all June 2026 quarter figures are provisional and that a full June 2026 Quarterly Activities Report, with detailed operational and financial metrics, will be released later in July 2026.
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 July 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.
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Form 20-F ☒
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Form 40-F ☐
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Elevra Lithium Limited (the “Registrant”) is filing 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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Appendix 3G – Notification of issue, conversion or payment up of unquoted equity securities, filed by the Registrant with the Australian Securities Exchange on July 7, 2026.
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99.2
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Announcement filed by the Registrant with the Australian Securities Exchange on July 10, 2026 – Elevra Lithium Provides Update on June 2026 Quarter Production and Sales.
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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: July 10, 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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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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| Announcement Summary |
Entity name
ELEVRA LITHIUM LIMITED
Date of this announcement
Tuesday July 07, 2026
The +securities the subject of this notification are:
+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX
Total number of +securities to be issued/transferred
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ASX +security
code
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Security description |
Total number of
+securities to be
issued/transferred
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Issue date
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ELVAM | PERFORMANCE RIGHTS | 2,160 | 30/06/2026 | |
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Refer to next page for full details of the announcement
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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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| Part 1 - Entity and announcement details |
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| 1.1 |
Name of entity
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ELEVRA LITHIUM LIMITED
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.
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1.2 Registered number type
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Registration number |
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ABN
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26091951978 |
| 1.3 |
ASX issuer code
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ELV
| 1.4 |
The announcement is
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New announcement
| 1.5 |
Date of this announcement
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7/7/2026
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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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| Part 2 - Issue details |
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2.1 The +securities the subject of this notification are:
+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX
2.2 a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:
has an existing ASX security code ("existing class")
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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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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
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ASX +security code and description
ELVAM : PERFORMANCE RIGHTS
Date the +securities the subject of this notification were issued
30/6/2026
Will these +securities rank equally in all respects from their issue date with the existing issued
+securities in that class
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
No
Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms
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https://announcements.asx.com.au/asxpdf/20251020/pdf/06qr0y78p0ljh5.pdf
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Any other information the entity wishes to provide about the +securities the subject of this notification
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The Company's Equity Incentive Plan and the issue of securities under it was approved by shareholders at the Company's AGM on 21 November 2025.
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Issue details
Number of +securities
2,160
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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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Part 4 - +Securities on issue
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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)
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ASX +security code and description
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Total number of
+securities on issue
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ELV : ORDINARY FULLY PAID
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194,016,029 |
| 4.2 |
Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)
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ASX +security code and description
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Total number of
+securities on issue
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ELVAM : PERFORMANCE RIGHTS
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2,660,336 |
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ELVAB : OPTION EXPIRING 12-MAY-2029 EX $18.30
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56,678 |
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ELVAN : OPTION EXPIRING 31-DEC-2028 EX $4.80
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8,000,000 |
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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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Part 5 - Other Listing Rule requirements
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5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue
did not need any security holder approval under Listing Rule 7.1?
Yes
5.1a Select the number of the applicable exception in Listing Rule 7.2
13
| Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities | 6 / 6 |
Exhibit 99.2
ASX ANNOUNCEMENT
10 July 2026
Elevra Lithium Provides Update on June 2026 Quarter Production and Sales
North American lithium producer Elevra Lithium Limited (“Elevra”) (ASX:ELV; NASDAQ:ELVR) provides an update for the quarter ended 30 June 2026
from its North American Lithium (“NAL”) operation in Québec, Canada.
During the June 2026 quarter1, NAL produced approximately 54,479 dry metric tonnes (“dmt”) of spodumene concentrate and recorded sales of approximately 33,977dmt. Average realised pricing
for the quarter was approximately US$919 per dmt sold, FOB on a provisional basis. While operational performance was strong, realised pricing for the quarter is below current spot market pricing due to contractual lagged pricing mechanisms as
previously disclosed in the March 2026 Quarterly Report2.
Production at NAL for the June 2026 quarter represented a 15% increase from the March 2026 quarter and the second highest quarterly production achieved by NAL to date. Production in May of
approximately 22,202 dmt was a monthly record and full year production totalled approximately 197,968 dmt.
Operational performance reflected continued focus on plant optimisation, ore feed consistency and recovery improvements as the Company advances initiatives to enhance throughput and operating
efficiency.
Sales volumes for the June 2026 quarter were 33,977 dmt, reflecting customer delivery schedules with provisional inventory on hand at the end of the June 2026 quarter of 40,863 dmt.
The June 2026 quarter shipments were made to contractual customers which incorporated a lagged pricing mechanism reflecting average market prices during October 2025 - March 20262. As a result, the June 2026 quarter realised pricing reflects a lower historical pricing environment. Deliveries in the June 2026 quarter included the final volumes under Elevra’s most substantial legacy
contract with a lagged pricing mechanism. As such, future realised pricing (Q1 FY27 and beyond) is expected to align more closely with prevailing spot market pricing.
This ASX release has been made to ensure compliance and best practice under ASX Guidance Note 8. A full June 2026 Quarterly Activities Report, including final detailed operational and financial
metrics, will be released later in July 2026.
Announcement authorised for release by Elevra’s Managing Director and Chief Executive Officer.
1 All figures included in this ASX release are provisional and subject to revision. Final figures will be provided in the full June 2026 Quarterly report to be released later in
July 2026.
2 See ASX release dated 23 April 2026 “March 2026 Quarterly Activities Report.”
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
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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 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.
In Western Australia, the Company holds a large tenement portfolio in the Pilbara region prospective for gold and 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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ELEVRA LITHIUM
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