Elevra Lithium Limited issued C$65 million in upfront convertible notes to a subsidiary of Canada Growth Fund Inc. on July 31, 2026, following shareholder approval at an extraordinary general meeting on July 16, 2026. The five-year notes accrue interest at CORRA (floored at zero) plus 225 basis points per annum, payable semi-annually in arrears, with a conversion price of A$17.17 per share permitted from the first anniversary until shortly before maturity on July 31, 2031. Proceeds will fund the staged expansion of the North American Lithium Brownfield project and provide liquidity. This issuance is part of a broader financing package that includes an equity component and a C$80 million conditional tranche subject to further conditions. Elevra Lithium Limited operates in the mining industry, specifically as a lithium producer with assets in Canada, the United States, and Australia.
