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Elevra Lithium Limited (ASX:ELV)

ALERT: Price-sensitive ASX Announcement for ELV
Current share price for ELV : $9.080 1.22 (15.52%)+
Announcement
Release
7 Aug 2026 8:22AM
Price at Release
$7.860
Full Release
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Summary
Elevra Lithium Limited announced the completion of its transaction with Wildcat Resources Limited, selling its rights, interests, and obligations related to the E45/2364 pegmatite rights in Western Australia. The transaction entails a total consideration of A$16 million, comprising an immediate A$5 million cash payment, A$8 million in Wildcat shares, and an additional A$3 million deferred payment contingent on the completion of a feasibility study by Wildcat. Furthermore, Elevra will receive contingent royalty payments of A$0.70 per tonne for any future mineral resources identified by Wildcat within E45/2364. This transaction aligns with Elevra's strategic focus on its core North American assets and provides immediate financial returns that can be reinvested into growth initiatives. Elevra's Managing Director, Lucas Dow, emphasized the transaction's role in simplifying the company's portfolio and strengthening its North American growth strategy.
Key Points
  • Elevra completes sale of E45/2364 Pegmatite Rights to Wildcat Resources
  • Transaction includes A$16 million in total consideration and ongoing royalties
  • Immediate A$5 million cash payment and A$8 million in Wildcat shares
  • Deferred A$3 million payable post-feasibility study completion
  • Contingent A$0.70 per tonne royalty on future mineral resource discoveries
  • Strategy aligns with Elevra's focus on North American assets
  • Transaction allows for reinvestment in growth initiatives
  • Elevra retains potential future value from royalties
  • Lucas Dow comments on strategic benefits and portfolio simplification
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.