Elevra Lithium Ltd (ELVR) Form 6-K — Sep 9, 2026
Elevra Lithium filed a 6-K containing the NI 43-101 pre-feasibility study for the expansion of its North American Lithium (NAL) operation in Québec, declaring 47.2Mt of Proven and Probable Reserves at 1.12% Li2O effective June 30, 2026 and an approximately 19-year mine life running to September 2045. The fully funded, staged brownfield expansion targets average annual spodumene concentrate capacity rising ~87% from 199ktpa to 373ktpa, with Stage 1 mill optimisation (C$92M/US$68M) targeted mid-CY27, Stage 2 mill expansion (C$101M/US$75M) mid-CY28, and Stage 3 new crushing and ore sorting (C$173M/US$128M) mid-CY29.
Key figures
- Revenue
- 202000000
- Guidance
- FY27: spodumene concentrate production of 198,000-210,000 dmt and sales of 200,000-230,000 dmt; unit operating cost sold US$880-950/dmt; total capex US$120-140m (US$100-120m growth capital for NAL Expansion and Moblan studies plus US$20m NAL sustaining capital)
- Cash Position
- 255000000
- Shares Outstanding
- 194000000
- Strip ratio
- 7.1:1
- Fy26 sales dmt
- 181494
- Mine life years
- 19
- Fy26 recovery pct
- 67
- Fy26 production dmt
- 197967
- Capacity stage2 ktpa
- 338
- Capacity stage3 ktpa
- 373
- Combined ore reserves
- 105Mt @ 1.16% Li2O
- Expansion capex stage1
- C$92M (US$68M)
- Expansion capex stage2
- C$101M (US$75M)
- Expansion capex stage3
- C$173M (US$128M)
- Capacity base case ktpa
- 199
- Combined resource m i i
- 227Mt @ 1.14% Li2O
- Expansion stage targets
- Stage 1 mid-CY27 (4,500tpd), Stage 2 mid-CY28 (6,500tpd), Stage 3 mid-CY29 (new crusher + ore sorting)
- Market cap 31aug2026 usd m
- 1147
- Nal mineral resource total
- 93.3Mt @ 1.15% Li2O
- Spodumene price assumption
- US$1,250/t for 6% concentrate (US$1,125/t for 5.4%); FX 0.74 USD:CAD
- Nal proven probable reserves
- 47.2Mt @ 1.12% Li2O (effective June 30, 2026; 0.2Mt Proven @ 0.93%, 47.0Mt Probable @ 1.12%)
- C1 cost base case usd per dmt
- 774
- Npv8 post tax base case usd m
- 1684
- Total initial capex pfs usd m
- 271
- Concentrate grade target pct li2o
- 5.4
- C1 cost post expansion usd per dmt
- 628
- Npv8 post tax post expansion usd m
- 2384
- Metallurgical recovery expansion pct
- 71.2
- Fy26 unit operating cost usd per dmt fob
- 853
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