Elevra Limited (NASDAQ: ELVR) nets $16M and royalty upside in pegmatite sale
Rhea-AI Filing Summary
Elevra Lithium Limited has completed the sale of all its rights, interests and obligations on exploration tenement E45/2364 in Western Australia (Tabba Tabba) to Wildcat Resources Limited. Under the agreement, Wildcat assumes full ownership, control and liability for these rights.
Elevra will receive total consideration of $16 million plus an ongoing royalty if Wildcat defines a Pegmatite Mineral Resource on E45/2364. This mix of guaranteed and contingent payments provides immediate value from a non-core asset while preserving upside exposure. Elevra states that the transaction aligns with its strategy to focus capital on its core North American lithium assets, including the NAL Brownfield Expansion and its development pipeline.
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Key Figures
Transaction consideration: $16 million
1 metrics
Transaction consideration
$16 million
Total consideration for sale of rights on E45/2364 to Wildcat Resources Limited
Key Terms
Pegmatite Mineral Resource, royalty, Brownfield Expansion
3 terms
Pegmatite Mineral Resource technical
"should Wildcat define a Pegmatite Mineral Resource on E45/2364"
A pegmatite mineral resource is a naturally occurring body of very coarse-grained igneous rock that contains concentrations of economically valuable minerals, often including lithium, tantalum, feldspar and rare earth elements. For investors, it signals a specific type of mineral deposit with potentially high-grade, easily separable crystals—like finding a concentrated pocket of valuables inside ordinary rock—which affects how a deposit is explored, evaluated and potentially mined.
royalty financial
"total consideration of $16 million plus an ongoing royalty"
A royalty is a payment made to the owner of a resource or asset—such as a patent, mineral rights, or creative work—whenever others use or profit from it. For investors, royalties provide a steady stream of income without owning the entire asset, similar to earning a small commission each time a product is sold or a service is used. This makes royalties an important factor in valuing certain types of investments.
Brownfield Expansion technical
"including the NAL Brownfield Expansion and the advancement"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Elevra (ELVR) complete on E45/2364?
Elevra completed the sale of all its rights, interests and obligations on exploration tenement E45/2364 in Western Australia to Wildcat Resources Limited, with Wildcat assuming full ownership, control and liability for the asset after closing.
How much consideration will Elevra (ELVR) receive from the Wildcat transaction?
Elevra will receive total consideration of $16 million plus an ongoing royalty if Wildcat defines a Pegmatite Mineral Resource on E45/2364. This structure combines immediate cash value with potential future upside linked to exploration success.
What ongoing exposure does Elevra (ELVR) retain to E45/2364 after the sale?
Elevra retains no ownership, rights or obligations in E45/2364 but keeps potential upside via a contingent royalty if Wildcat defines a Pegmatite Mineral Resource, allowing future value participation without operational or liability responsibilities.
How does the E45/2364 sale support Elevra (ELVR)'s strategy?
Elevra describes E45/2364 as a non-core asset and plans to reinvest the cash payment in near-term growth initiatives. The company highlights focusing on its North American growth strategy, including the NAL Brownfield Expansion and advancing its development pipeline.
Who is Elevra (ELVR)'s counterparty in the E45/2364 transaction?
The counterparty is Wildcat Resources Limited (ASX: WC8). Wildcat acquires all rights, interests and obligations on E45/2364, assuming full ownership and liability, while Elevra receives cash consideration and potential future royalty payments tied to resource definition.
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 August 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 ☐ |
ASX ANNOUNCEMENT
7 August 2026
Elevra Completes Sale of E45/2364 Pegmatite Rights
North American lithium producer Elevra
Lithium Limited (“Elevra” or "Company") (ASX:ELV; NASDAQ:ELVR) is pleased to announce that it has completed a transaction with Wildcat Resources Limited (ASX: WC8) (“Wildcat”) regarding the Company’s rights, interests and obligations on E45/2364 in Western Australia (referred to as Tabba Tabba in Elevra’s exploration disclosure).
Under the terms of the agreement with Wildcat, Elevra has sold all of its rights, interests and obligations associated with E45/2364 to
Wildcat, with Wildcat assuming full ownership, control and liability of those rights, interests and obligations (“Transaction”).
Transaction Consideration
Pursuant to the terms of the Transaction, Elevra will receive total consideration of $16 million plus an ongoing royalty (should Wildcat
define a Pegmatite Mineral Resource on E45/2364) comprising the following:
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A$5 million in cash payable on completion;
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A$8 million in Wildcat ordinary shares, issued at a price of $0.353 per share;
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A$3 million in deferred cash payable six months after Wildcat announces a completed feasibility study for the Tabba Tabba Project; and
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Contingent cash payments of A$0.70 per tonne for each tonne of JORC Pegmatite Mineral Resource announced by Wildcat within E45/2364.
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This combination of guaranteed and contingent payments provides Elevra with ongoing exposure should Wildcat have exploration success on
E45/2364 while allowing the Company to realise immediate value.
The Transaction is consistent with Elevra’s strategy of allocating capital to further develop its core North American assets. Elevra
will have no remaining ownership interest, rights or obligations in respect of E45/2364 but will retain the potential to participate in future value creation through the contingent royalty payment consideration on E45/2364.
Elevra’s Managing Director and Chief Executive Officer, Lucas Dow, said: “This transaction delivers an attractive outcome for Elevra by unlocking immediate value from a non-core asset through a cash payment which can be reinvested in near-term growth initiatives. The structure also
allows Elevra to benefit if any Pegmatite Mineralisation is discovered on E45/2364. The transaction further simplifies our portfolio and allows us to maintain our focus on executing our North American growth strategy, including the NAL Brownfield
Expansion and the advancement of our development pipeline."
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ELEVRA LITHIUM •
Level 3, 10 Eagle Street • Brisbane QLD 4000 • Australia
+61 7 3369 7058 • info@elevra.com • ASX:ELV | NASDAQ:ELVR • ABN 26 091 951 978 |
elevra.com
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Announcement authorised for release by Elevra’s Managing Director & CEO.
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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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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/s/ Dylan Roberts
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Date: August 7, 2026
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Name: Dylan Roberts
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Title: Company Secretary and General Counsel
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