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
Thursday February 19, 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
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Total number of
+securities to be
issued/transferred
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Issue date
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ELVAM
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PERFORMANCE RIGHTS
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1,407,986
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17/02/2026
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Refer to next page for full details of the announcement
Part 1 - Entity and announcement details
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
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ELV
New announcement
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1.5 Date of this announcement
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19/2/2026
Part 2 - Issue details
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2.1 The +securities the subject of this notification are:
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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX
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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:
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has an existing ASX security code (“existing class”)
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
ASX +security code and description
ELVAM : PERFORMANCE RIGHTS
Date the +securities the subject of this notification were issued
17/2/2026
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?
Yes
Provide details of the KMP or +associates being issued +securities.
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Name of KMP
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Name of registered holder
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Number of +securities
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Lucas Dow
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Dow Group Investments Trust
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334,558
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Sylvain Collard
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Sylvain Collard
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253,954
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Christian Cortes
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Christian Cortes
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133,037
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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
| https://announcements.asx.com.au/asxpdf/20251020/pdf/06qr0y78p0ljh5.pdf |
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 issues of securities under it (including to the MD/CEO) was approved by shareholders at the Company’s AGM on 21 November 2025.
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Issue details
Number of +securities
1,407,986
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)
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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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169,376,771
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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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2,753,451
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ELVAN : OPTION EXPIRING 31-DEC-2028 EX $4.80
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2,723,613
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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?
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Yes
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5.1 a Select the number of the applicable exception in Listing Rule 7.2
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13