Elevra Lithium/$ELVR

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About Elevra Lithium

Elevra Lithium Ltd is a mineral exploration and development company. The principal activity of the company is lithium mining and processing at North American Lithium(NAL) and ongoing identification, evaluation and development of its world-wide portfolio of mineral exploration assets, predominantly focusing on lithium. Its segments are North American Lithium, and All other operations. Majority of revenue comes from North American Lithium. It has presence in China, and USA. Majority of revenue comes from China.
Ticker
$ELVR
Sector
Materials
Primary listing
NASDAQ
Employees
246
Headquarters
Brisbane, Australia

Elevra Lithium Metrics

BasicAdvanced
$845M
165.83
$0.27
0.85
-

Bulls say / Bears say

The NAL expansion PFS targets average production of 348,000 tonnes a year and 373,000 tonnes after ramp-up, almost twice the unexpanded case. It forecasts a C$943 million post-tax NPV, a 49.9% IRR and a 34-month payback, with the expansion described as fully funded. (GlobeNewswire, StockTitan SEC Filing)
NAL's recent operating trend improved materially: June-quarter concentrate production rose 15% quarter on quarter to a second-best 54,479 tonnes, while recovery increased to 71% and May set a monthly production record. The end of the legacy lagged-price contract should also let future sales reflect spot spodumene prices more closely. (GlobeNewswire, ABN Newswire)
Elevra has substantial resource depth to support a longer-lived North American lithium platform: its September presentation reported 227 million tonnes of attributable resources and 105 million tonnes of lithium ore reserves. Moblan adds a further 121 million tonnes of resources and 48 million tonnes of ore reserves, creating additional project optionality. (ABN Newswire)
Underlying mine performance was still uneven in FY26: production fell 3% to 197,967 tonnes, sales dropped 13%, and average recovery declined to 67%. Unit operating cost per tonne produced rose to US$861 from US$775 as Elevra faced lower output, higher mining intensity and more waste movement. (ABN Newswire)
The reported US$44 million FY26 profit overstates underlying cash progress: it included a US$156 million reversal of the prior impairment, while operating activities consumed US$44 million and underlying EBITDA was only US$14 million. This leaves cash conversion and recurring profitability needing further proof. (StockTitan SEC Filing)
The expansion remains exposed to execution risk even though it is described as funded. Permitting for new tailings facilities and a Lortie Lake dyke is on the critical path, the PFS uses a Class 4 capital estimate with a wide accuracy range, and Elevra warns that delays, cost overruns or weaker lithium prices could create additional funding needs. (StockTitan SEC Filing, GlobeNewswire)
Data summarised monthly by Lightyear AI. Last updated on 19 Sept 2026.

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