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Elevra Lithium Limited (ASX:ELV)

ALERT: Price-sensitive ASX Announcement for ELV
Current share price for ELV : $6.720 -1.19 (-15.04%)+
Announcement
Release
28 Jul 2026 8:21AM
Price at Release
$7.910
Full Release
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Summary
In June 2026, Elevra Lithium Limited (ASX: ELV; NASDAQ: ELVR) demonstrated robust operational results, especially at its North American Lithium site, achieving record production levels and high plant utilization despite scheduled maintenance. The company finalized a Strategic Financing Package to support NAL Expansion and divested its interest in the Ewoyaa Project to concentrate on its North American operations. Though revenue was affected by earlier pricing commitments, Elevra anticipates future earnings to align more closely with current market conditions, particularly as environmental and permitting procedures advance for its key projects.
Key Points
  • Elevra Lithium Limited delivered strong operational performance in June 2026, with a focus on the North American Lithium (NAL) site.
  • Production records were achieved with 54,479 dry metric tonnes of spodumene concentrate produced, a 15% quarter-on-quarter increase.
  • NAL maintained a high plant utilization rate of 92% despite a planned shutdown, contributing to improved lithium recovery rates.
  • A Strategic Financing Package was finalized to fully fund the NAL Expansion, including institutional placements and convertible notes.
  • Elevra sold its interest in the Ewoyaa Project in Ghana to streamline its portfolio and focus on core North American assets.
  • Environmental studies and permitting activities are progressing for both the NAL and Moblan projects.
  • The Company experienced a decline in revenue due to legacy pricing mechanisms but expects improved pricing aligned with market rates in future quarters.
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.