Elevra Lithium Limited announced the results of a Pre-Feasibility Study for its staged North American Lithium Brownfield Expansion in Québec. The project targets increasing average annual spodumene concentrate production to 373,000 tonnes per annum (ktpa) post-expansion, up from a base case of 199 ktpa. Life-of-mine C1 costs are estimated at US$649/t, reducing to US$630/t post-expansion. The expansion requires total initial capital expenditure of C$366 million (US$271 million) and delivers an incremental post-tax NPV of US$699 million. Production increases will be delivered in three stages: Stage 1 from mid-2027, Stage 2 from mid-2028, and Stage 3 by mid-2029. The company operates as a North American hard-rock lithium producer.

Elevra Lithium Limited reported a net profit attributable to members of $43,068,000 for the fiscal year ended June 30, 2026, a significant turnaround from a loss of $190,509,000 in the prior period. Revenue increased by 39% to $201,675,000. The company declared no interim or final dividends for the year. Net tangible assets per security rose slightly to $3.52 from $3.47. Elevra operates in the lithium mining and exploration industry.

Elevra Lithium Limited filed a Form 6-K incorporating two ASX announcements. First, Elevra and Morella Corporation proposed expanding their existing lithium joint venture in Western Australia to include four additional exploration projects: Deep Well, Mt Dove, Station Peak, and Mount Satirist. Under the terms, Morella can earn a 51% interest by spending A$300,000 on qualified exploration within two years, while Elevra retains a 49% stake. Second, Elevra completed a binding seven-year supply agreement with Mangrove Lithium for long-term spodumene concentrate deliveries from its North American Lithium project in Québec. The contract requires annual volumes of 122,000 dry metric tonnes in Year 1 and 144,000 dmt starting in Year 2, featuring a price floor above production costs and no ceiling. Elevra operates as a North American lithium producer with assets in Canada and the United States.

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.

Elevra Lithium shareholders approved a strategic financing package to fund the North American Lithium (NAL) Brownfield Expansion through a three-stage phased approach. The package includes a A$275 million institutional equity placement, A$146 million in convertible notes from Canada Growth Fund, and expected net proceeds of A$87 million from the divestment of the Ewoyaa Project in Ghana. The NAL expansion aims to increase annual spodumene concentrate production capacity by approximately 74% and reduce unit operating costs by 21%. Shareholders also ratified prior share issuances related to an institutional placement and an equity issuance to Lithium Offtake Inc. Elevra Lithium is a lithium producer with assets in Canada, the United States, and Australia.