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Elevra Lithium Limited (ASX:ELV)

ALERT: Price-sensitive ASX Announcement for ELV
Current share price for ELV : $10.560 0.99 (10.34%)+
Announcement
Release
29 Jun 2026 8:22AM
Price at Release
$9.570
Full Release
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Summary
Elevra Lithium Limited has commenced the groundbreaking of its North American Lithium (NAL) Expansion Project, following a successful capital raise in May 2026 which fully funded the expansion. This project, expected to enhance production capacity by 15-20% and lower operational costs, aligns with North America's move towards securing domestic sources of battery materials. The first stage of the project is scheduled for completion by mid-calendar year 2027, with an aim to bolster the supply chain for electric vehicles and energy storage sectors. The company's CEO, Lucas Dow, highlighted the importance of disciplined execution to ensure the project's success.
Key Points
  • Elevra Lithium Limited announced the groundbreaking of the NAL Expansion Project.
  • The NAL Expansion is fully funded following a successful capital raise in May 2026.
  • Stage 1 of the NAL Expansion will increase spodumene concentrate production capacity by 15-20% by mid-CY27.
  • The project aims to reduce operating costs and enhance supply to North American electric vehicle and energy storage markets.
  • Elevra's CEO, Lucas Dow, emphasized disciplined execution for the project.
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.