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Elevra Lithium Posts Lower Fiscal Q4 Spodumene Concentrate Production From Canada Operations; Shares Down 3%

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Elevra Lithium's (ASX:ELV) North American Lithium (NAL) operations in Canada produced 54,479 dry metric tonnes (dmt) of spodumene concentrate at an average grade of 5% in the fiscal fourth quarter, down from last year's 58,533 dmt of spodumene concentrate at an average grade of 5.2%, according to a Tuesday filing with the Australian bourse.

The company reported NAL revenue of $31 million for the three months ended June, down on last quarter's $81 million, the filing said.

The company recorded capital expenditure of $4 million during the quarter due to planned NAL sustaining capital projects and the NAL expansion scoping study.

Shares fell nearly 3% in morning trade Tuesday.

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