ASX:ELV

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Thursday.IperionX (ASX:IPX): -9%, AU$2.84Elisight (ASX:ELS): -5%, AU$4.83FireFly Metals (ASX:FFM): -7%, AU$1.76Westgold Resources (ASX:WGX): -6%, AU$5.84GrainCorp (ASX:GNC): -5%, AU$6.57Austal (ASX:ASB): -5%, AU$4.42Elders (ASX:ELD): -4%, AU$6.25Zimplats (ASX:ZIM): -5%, AU$17.00Vulcan Energy Resources (ASX:VUL): -5%, AU$2.48ELEVRA Lithium (ASX:ELV): -6%, AU$7.56

Elevra Lithium Says Pre-Feasibility Study Confirms 'High-Value' Growth Canada Expansion Project; Shares Down 4%

Elevra Lithium (ASX:ELV) said the results of a pre-feasibility study confirmed the North American Lithium Brownfield Expansion in Canada as a "high-value" growth project that is expected to increase annual spodumene concentrate production while reducing unit operating costs, according to a Monday filing with the Australian bourse.The expansion will be delivered through a three-stage brownfield development, with stage 1 increasing process plant throughput to the permitted rate of 4,500 tonnes per day (tpd) from 2027, stage 2 increasing milling capacity to 6,500 tpd from 2028, and stage 3 delivering a permanent crushing solution aligned with increased milling capacity by 2029, the filing said.The study establishes an average annual production rate of 348,000 tonnes per annum and an average annual post-expansion production rate of 373,000 tonnes per annum, per the filing.Shares fell nearly 4% in midday trade Monday.

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Friday.Nine Entertainment (ASX:NEC): -5%, AU$0.95Nufarm (ASX:NUF): -4%, AU$3.14IGO (ASX:IGO): -4%, AU$8.10Pilbara Minerals (ASX:PLS): -3%, AU$5.03GrainCorp (ASX:GNC): -3%, AU$6.82Tamboran Resources (ASX:TBN): -3%, AU$0.28Xero (ASX:XRO): -3%, AU$78.56Elevra Lithium (ASX:ELV): -3%, AU$7.68Mineral Resources (ASX:MIN): -2%, AU$61.79Dyno Nobel (ASX:DNL): -2%, AU$3.81

Elevra Lithium Logs Earnings in Fiscal 2026, Revenue Up

Elevra Lithium (ASX:ELV) logged $0.2684 in earnings per share for fiscal 2026, compared with a loss of $2.651 a year ago, a Friday filing showed.For the 12 months ended June 30, revenue from ordinary activities was $201.7 million versus $145 million previously, the Australia-listed lithium exploration firm added.The company expects fiscal 2027 spodumene concentrate production of 198,000 to 210,000 dry metric tonnes, and capital expenditure of $120 million to $140 million.

Elevra Lithium Signs Seven-Year Spodumene Concentrate Supply Agreement With Mangrove Lithium

Elevra Lithium (ASX:ELV) executed a binding spodumene concentrate supply agreement with Mangrove Lithium for the long-term supply of spodumene concentrate produced at its North American Lithium (NAL) operation in Québec, with an initial term of seven years and a further seven-year renewal option, according to a Friday Australian bourse filing.The company said contracted annual volumes total 122,000 dry metric tonnes (dmt) in year one and 144,000 dmt of spodumene concentrate at 6% equivalent from year two on a take-or-pay basis, with Mangrove able to elect to increase volumes in any year by up to 20% subject to available capacity.The agreement includes a floor price expected to be above NAL's cost of production, providing downside price protection over the life of the agreement, with Mangrove required to achieve a final investment decision by Dec. 31, 2028 and commercial operation no more than three years thereafter, the filing added.The agreement follows a non-binding memorandum of understanding announced on Feb. 10, with the supply destined for Mangrove's proposed 20,000 tonne per year lithium carbonate equivalent conversion facility in Eastern Canada, it added.

Wildcat Resources to Acquire Pegmatite Rights From Elevra Lithium Unit

Wildcat Resources (ASX:WC8) agreed to acquire the pegmatite rights over exploration license E45/2364 from Sayona Lithium, a subsidiary of Elevra Lithium (ASX:ELV), for AU$16 million, along with the fixed and net smelter return royalties held by Attgold for AU$750,000, according to an Australian bourse filing on Thursday after market hours.The consideration under the Elevra deal includes AU$5 million in cash, AU$8 million in the company shares, AU$3 million in deferred cash, and contingent payments of AU$0.70 per tonne for each tonne of Joint Ore Reserves Committee-defined pegmatite mineral resource declared within the license, per the filing.Attgold will receive AU$500,000 in cash and AU$250,000 in the company shares under the separate agreement.The company said the acquisitions strengthen its tenure position and allow it to optimize development of its wholly-owned Tabba Tabba lithium project near Port Hedland in Western Australia's Pilbara region.

Elevra Lithium to Issue CA$65 Million of Convertible Notes to Canada Growth Fund Unit

Elevra Lithium (ASX:ELV) will issue an upfront tranche of CA$65 million of convertible notes to a unit of Canada Growth Fund under a previously agreed strategic financing package, according to a Monday Australian bourse filing.The tranche will have a maturity of five years from the issue date and will accrue interest at the Canadian Overnight Repo Rate Average (CORRA), floored at zero, plus 225 basis points per annum, payable semi-annually in arrears.Proceeds from the issuance will be used to fund the staged expansion of North American Lithium, and to provide additional liquidity to ensure capital management adequacy.The issuance of a CA$80 million second tranche of convertible notes remains subject to the satisfaction of certain conditions, including shareholder approval.

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

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.

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Friday.Electro Optic Systems Holdings (ASX:EOS): -6%, AU$8.38Pro Medicus (ASX:PME): -5%, AU$199.56Tamboran Resources (ASX:TBN): -4%, AU$0.23Elevra Lithium (ASX:ELV): -4%, AU$8.67Austal (ASX:ASB): -4%, AU$3.77EVT (ASX:EVT): -3%, AU$12.33Telix Pharmaceuticals (ASX:TLX): -3%, AU$16.36Marimaca Copper (ASX:MC2): -3%, AU$7.51SiteMinder (ASX:SDR): -3%, AU$3.79Codan (ASX:CDA): -3%, AU$43.25

Elevra Lithium Breaks Ground on Canada Project

Elevra Lithium (ASX:ELV) has broken ground on the North American Lithium expansion project in Canada following completion of its capital raise in May, according to a Monday filing with the Australian bourse.Equipment for the project has been ordered to allow for the planned development timeline and reduce schedule risk, the filing said.The first stage of the project is anticipated to deliver a 15% to 20% increase in annual spodumene concentrate production capacity and a reduction in unit operating costs upon completion in 2027, per the filing.

Macquarie Upgrades Elevra Lithium to Outperform from Neutral; Price Target is AU$14.50

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday:Minerals 260 (ASX:MI6): +13%, AU$0.85Pantoro Gold (ASX:PNR): +12%, AU$2.57Develop Global (ASX:DVP): +10%, AU$6.90PLS Group (ASX:PLS): +9%, AU$6.46Elevra Lithium (ASX:ELV): +9%, AU$11.65Genesis Minerals (ASX:GMD): +9%, AU$5.24Bellevue Gold (ASX:BGL): +9%, AU$1.33Almonty Industries (ASX:AII): +9%, AU$24.04Imdex (ASX:IMD): +9%, AU$4.01Sandfire Resources (ASX:SFR): +8%, AU$19.88

Elevra Lithium, Electro Optic Systems and Others Join S&P/ASX 200 Index

Elevra Lithium (ASX:ELV), Electro Optic Systems (ASX:EOS), FireFly Metals (ASX:FFM), Kingsgate Consolidated (ASX:KCN), and Minerals 260 (ASX:MI6) joined the S&P/ASX 200 Index before trading began on Monday, S&P Dow Jones Indices reported Friday.Meanwhile, Guzman Y Gomez (ASX:GYG), IDP Education (ASX:IEL), SiteMinder (ASX:SDR), Temple & Webster (ASX:TPW) and WEB Travel (ASX:WEB) were removed from the index as part of the rebalancing.

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Tuesday.ASX (ASX:ASX): -12%, AU$51.51Elevra (ASX:ELV): -7%, AU$12.75PEXA Group (ASX:PXA): -7%, AU$10.67Infratil (ASX:IFT): -5%, AU$12.29Yancoal Australia (ASX:YAL): -4%, AU$6.69Telix Pharmaceuticals (ASX:TLX): -4%, AU$12.82Challenger (ASX:CGF): -4%, AU$8.89Whitehaven Coal (ASX:WHC): -4%, AU$8.51Netwealth Group (ASX:NWL): -3%, AU$21.69Paladin Energy (ASX:PDN): -3%, AU$11.13

Elevra Lithium Says JPMorgan Chase Ceases to Be Substantial Holder, Shares Jump 6%

Elevra Lithium (ASX:ELV) said JPMorgan Chase and its affiliates ceased to be substantial holders of the firm on Tuesday, according to a Friday Australian bourse filing.Its shares jumped 6% in recent trading on Friday.

Elevra Lithium Shareholder Bank of New York Mellon Cuts Stake; Shares Rise 3%

Elevra Lithium (ASX:ELV) shareholder Bank of New York Mellon reduced its stake in the company to about 34.8 million shares, or roughly 18% of voting power, from about 36.2 million shares, or 21.3% of voting power, according to a Wednesday filing with the Australian bourse.Shares of Elevra Lithium gained 3% in recent Wednesday trade.

Elevra Lithium Completes AU$275 Million Fully Underwritten Institutional Placement; Shares Fall 9%

Elevra Lithium (ASX:ELV) has completed a fully underwritten AU$275 million institutional placement, issuing around 22.5 million new fully paid ordinary shares at AU$12.20 each, representing an 8.7% discount to the five-day volume weighted average price (VWAP), according to a Wednesday filing with the Australian bourse.The placement attracted strong demand from both existing shareholders and new domestic and international institutional investors, with settlement expected on Friday and trading scheduled to commence on May 18, per the filing.The company also intends to launch a share purchase plan for eligible shareholders to raise up to AU$20 million, with shares priced at the lower of the five-day VWAP up to the closing date or AU$12.20 per share, the filing said.The funds will be used to fully finance the NAL Brownfield expansion project, support key technical and pre-development activities at Moblan through to final investment decision, and maintain prudent liquidity and strategic optionality through market cycles, the filing added.The company's shares fell 9% in recent Wednesday trade.

Elevra Lithium Ends Waratah Deal, Secures Full Moblan Offtake Control

Elevra Lithium (ASX:ELV) said it has purchased and terminated a spodumene concentrate offtake agreement previously granted to an investment vehicle managed by Waratah Capital Advisors in relation to the Moblan lithium project, according to a Tuesday filing with the Australian bourse.Moblan is 60% owned by Elevra and 40% by Investissement Quebec.The deal eliminates a life-of-mine obligation that previously allowed Waratah to buy 10% of the company's production share at a 5% discount to market prices, per the filing.The company will issue Waratah $5 million in ordinary shares at AU$12.20 apiece and $500,000 in options at a 50% premium, with the options exercisable 120 days after closing on Tuesday and expiring three years thereafter, in exchange for terminating the agreement, the filing said.The repurchase strengthens the company's position at Moblan by eliminating a discounted long-term sales commitment and giving it full control of offtake, increasing flexibility for supply and financing arrangements, the filing added.

Elevra Lithium Raising AU$441 Million of Funds to Support Canada Projects

Elevra Lithium (ASX:ELV) is raising up to AU$441 million of funds to support its North American Lithium Brownfield expansion and to finance pre-development workstreams for its Moblan project in Canada, according to a Tuesday filing with the Australian bourse.The financing package consists of a AU$275 million fully underwritten institutional placement, a AU$146 million convertible notes investment by Canada Growth Fund, and a non-underwritten share purchase plan targeting gross proceeds of up to AU$20 million, per the filing.The company will issue about 22.5 million new shares in the institutional placement on Tuesday at AU$12.20 each. Its shares will remain in a trading halt until the placement is complete, with trading expected to resume on May 13.Meanwhile, the convertible notes investment by Canada Growth Fund will take place across two tranches, with the upfront tranche comprising AU$66 million worth of notes and a subsequent conditional tranche for AU$81 million.

Elevra Lithium Reports 102% Rise in Expansion Project NPV in Updated Scoping Study

Elevra Lithium (ASX:ELV) said an updated scoping study for the expansion of its North American Lithium (NAL) mine has increased the incremental post-tax net present value (NPV) of the expansion project by 102% to $718 million from $355 million in the previous study, according to a Tuesday Australian bourse filing.The company said the total NAL project post-tax NPV stands at $2.31 billion, with a post-tax internal rate of return (IRR) of roughly 42% and payback of 25 months.The updated study increases the process plant design feed rate to a permitted average of 4,500 tonnes per day in Stage 1 and 6,500 tonnes per day in Stage 2, with expanded production of 338,000 tonnes per year of spodumene concentrate at 5.4% lithium oxide and an average life-of-mine recovery of over 71%, the filing added.Total capital expenditure is $270 million across three stages, with Stage 1 incremental production ramp-up commencing in mid-2027 and Stage 3 construction forecast to be completed by mid-2029, with a revised mine life of 21 years, the filing added.Average life-of-mine C1 unit cost is $628 per tonne and all-in sustaining cost (AISC) is $683 per tonne once the expansion is fully operational, it added.