$ELVR

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.

Elevra Lithium Limited (ASX:ELV, NASDAQ:ELVR, OTC:SYAXF) said at its 2026 EGM it plans a three-stage North American Lithium brownfield expansion to raise annual spodumene concentrate capacity to 338ktpa by 2029. It targets 4,500 tpd milling throughput in Stage 1, 6,500 tpd by 2028 in Stage 2, and lower unit costs in Stage 3. The A$508M funding package includes A$275M equity, A$146M convertible notes from Canada Growth Fund, and about A$87M net proceeds from divesting Ghana’s Ewoyaa. The updated

Elevra Lithium Limited (ASX:ELV) says its share purchase plan (SPP) closed 29 May 2026 and has now been completed. The SPP followed a A$275 million fully underwritten institutional placement. Proceeds fund the NAL Brownfield Expansion and Moblan technical/pre-development to FID. Retail support exceeded 930 applications worth A$15.5m; issue price A$12.20. About 1.275m shares to be issued 5 June; ASX trading expected 9 June.