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Elevra Lithium Limited (ASX:ELV)

ALERT: Price-sensitive ASX Announcement for ELV
Current share price for ELV : $10.560 -3.18 (-23.14%)+
Announcement
Release
13 May 2026 9:04AM
Price at Release
$13.740
Full Release
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Summary
Elevra Lithium Limited announced the successful completion of a fully underwritten A$275 million institutional placement with strong support from both existing and new institutional investors. This placement involved issuing approximately 22.5 million new shares at A$12.20 each, representing a discount compared to recent trading prices. The proceeds will fund the NAL Brownfield Expansion and key technical and pre-development activities for Moblan towards final investment decision, ensuring liquidity through market cycles. The placement was managed by UBS Securities Limited and Canaccord Genuity and accompanied by strategic Convertible Notes investment and a Share Purchase Plan to raise an additional A$20 million.
Key Points
  • Successful A$275 million institutional placement
  • Placement price set at A$12.20 per share
  • Proceeds to fund NAL Brownfield Expansion
  • UBS Securities and Canaccord Genuity acted as lead managers
  • Share Purchase Plan to raise up to A$20 million
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.