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Mergers & Acquisitions ·

Zhejiang Huayou Cobalt to buy Elevra's Ghana interests for $71M pending government approval

ELVRElevra Lithium Ltd

Elevra Lithium Limited provided an update on the proposed sale of its interests in the Ewoyaa Lithium Project in Ghana to Zhejiang Huayou Cobalt Co., Ltd. for approximately US$71 million before fees and taxes. Completion is subject to Ghanaian Government approvals, with a deadline of October 30, 2026. If approvals are not obtained by this date, Huayou may elect to complete the transaction or terminate it by paying Elevra a US$5 million break fee; no break fee applies if the application is rejected. Separately, Huayou received Foreign Investment Review Board approval for its proposed acquisition of Atlantic Lithium Limited, which holds remaining private-sector interests in the Ewoyaa Project. The filing also announced key dates for the 2026 Annual General Meeting, scheduled for November 19, 2026. Elevra Lithium Limited is a North American lithium producer with projects in Canada and the United States.

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