$ELVR

Elevra Lithium (ASX:ELV, NASDAQ:ELVR) announced a Pre-Feasibility Study for its North American Lithium (NAL) expansion, targeting increased spodumene production and reduced costs. The project, fully funded at C$366M, aims to boost annual output to 373ktpa by mid-2029, with a post-tax NPV of C$3.218B. The expansion is expected to reduce LOM C1 costs to C$851/t post-expansion, according to the company.

Elevra Lithium reported cash of $255M at June 30, up from $47M a year earlier, with additional funding from convertible notes. NAL produced 198,000 tonnes of spodumene concentrate, down 3% YoY. Expansion plans include increasing milling capacity to 6,500 tonnes per day, with stage one expected by mid-2027. Fiscal 2027 guidance includes production of 198,000-210,000 tonnes and unit costs of $880-$950 per tonne.

Elevra Lithium (ASX:ELV) reported FY26 results, with revenue up 39% to US$202M. NAL mined 1.47M wmt of ore, producing 197,967 dmt of spodumene concentrate. Unit costs rose 2% to US$853/dmt. The company announced a 15-20% production capacity increase from mid-2027, funded by a US$202M equity raise. Cash balance increased to US$255M.

Elevra Lithium (ASX:ELV) has signed a binding 7-year spodumene supply agreement with Mangrove Lithium, extendable for another 7 years. The deal secures long-term local supply for Elevra's Quebec operations at market-linked prices with downside protection. Mangrove's facility, pending financing, will avoid Elevra's ocean freight costs. Both companies are backed by Canada Growth Fund.

Elevra Lithium (ASX:ELV; NASDAQ:ELVR) signed a binding 7-year spodumene supply deal with Mangrove Lithium, extendable for another 7 years. The agreement covers 122,000 tonnes annually, with a floor price above Elevra's production costs and no ceiling. Both companies are backed by the Canada Growth Fund, aiming to strengthen Canada's lithium supply chain. Mangrove must reach a final investment decision by 2028.

Elevra Lithium (ASX:ELV) has proposed expanding its joint venture with Morella Corporation (ASX:1MC) to include four additional exploration projects in Western Australia. Morella can earn a 51% interest by spending A$300,000 within two years, with Elevra retaining 49%. The deal is subject to approvals and definitive agreements. Elevra aims to focus on North American projects while reducing exploration costs.

Elevra Lithium (ASX:ELV, NASDAQ:ELVR) says it has completed the sale of its rights and obligations for WA tenement E45/2364 (Tabba Tabba) to Wildcat Resources. Elevra will receive $16m total plus a royalty if Wildcat defines a pegmatite resource, including A$5m cash, A$8m in Wildcat shares at $0.353, A$3m deferred cash, and contingent A$0.70/tonne.

The U.S. Defense Logistics Agency extended the bid deadline for a contract to supply battery-grade lithium carbonate for the National Defense Stockpile to Aug. 5 from July 30, after an initial July 17 deadline. The deal is worth up to $300 million for up to 16,167 tonnes over five years. Battery-grade prices fell to $19.25/kg from a mid-May peak of $25.15/kg, and supply is concentrated in China.

Elevra Lithium (NASDAQ:ELVR) reported June-quarter revenue of $31 billion and average realized price of $921 per tonne, with unit operating costs of $907 per tonne. Full-year unit operating costs were $853 per tonne, below revised guidance of $860 to $880. The company raised $207 million net from equity and $145 million CAD via convertible notes, funded NAL expansion, and expects higher shipping volumes.

Elevra Lithium Limited (ASX: ELV, NASDAQ: ELVR) reported June 2026 quarter results for North American Lithium. Ore mined was 372,938 wmt, process plant utilisation 92%, lithium recoveries 71%, and spodumene concentrate 54,479 dmt. Spodumene sales were 33,977 dmt at US$921/dmt for US$31m revenue. Elevra also announced a US$196m placement plus US$102m convertible notes to fund the NAL expansion, and said cash was US$255m at quarter end.