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Elevra Lithium Limited (ASX:ELV)

ALERT: Price-sensitive ASX Announcement for ELV
Current share price for ELV : $8.510 1.05 (14.08%)+
Announcement
Release
3 Aug 2026 9:20AM
Price at Release
$7.460
Full Release
download
Summary
Elevra Lithium Limited announced the issuance of a C$65 million Upfront Tranche of Convertible Notes to support the North American Lithium Brownfield Expansion. This is part of a Strategic Financing Package, which also includes equity financing and another tranche of Convertible Notes. The Upfront Tranche has a five-year maturity and accrues interest at CORRA plus 225 basis points. Conversion is permitted from the first anniversary of issuance at a price of A$17.17 per share. The financing aims to enhance Elevra's production capacity and cost efficiency, aligning with its strategic goal of becoming a significant player in the global lithium market.
Key Points
  • Issuance of C$65 million Upfront Tranche of Convertible Notes.
  • Financing supports North American Lithium Brownfield Expansion.
  • Part of a broader Strategic Financing Package.
  • Five-year maturity with interest at CORRA plus 225 basis points.
  • Conversion price set at A$17.17 per share.
  • Aims to increase production capacity and reduce costs.
  • Aspires to strengthen global market position.
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.