BMO Capital Markets initiated coverage on Elevra Lithium
$ELVR
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials
BMO Capital Markets initiated coverage of Elevra Lithium with a rating of Outperform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/30/2026 | Outperform | BMO Capital Markets |
6-K - Elevra Lithium Ltd (0001739016) (Filer)
6-K - Elevra Lithium Ltd (0001739016) (Filer)
6-K - Elevra Lithium Ltd (0001739016) (Filer)
BRISBANE, Australia, May 12, 2026 (GLOBE NEWSWIRE) -- North American lithium producer Elevra Lithium Limited ("Elevra" or "Company") ((ASX:ELV, NASDAQ:ELVR) is pleased to announce that it has purchased and terminated the spodumene concentrate offtake agreement ("Offtake Agreement") previously granted to an investment vehicle managed by Waratah Capital Advisors Ltd ("Waratah") in respect of the Moblan Lithium Project ("Moblan"). Moblan is owned 60% by Elevra and 40% by Investissement Québec. Following completion of the transaction, Elevra now controls 100% of its pro-rata offtake entitlement from Moblan, enhancing future value realisation from one of North America's preeminent lithium asse
MONTREAL, May 12, 2026 /CNW/ - Canada Growth Fund Inc. ("CGF") announced today its commitment to invest up to C$145 million by way of convertible notes in Sayona Inc. ("Sayona"), a wholly-owned Canadian subsidiary of Elevra Lithium Limited ("Elevra") (ASX: ELV) (NASDAQ:ELVR). The investment forms part of a ~C$4171 million capital raise, comprised of CGF's C$145 million investment and a ~C$2721 million common equity public offering (collectively, the "Transaction"). The Transaction will support a staged brownfield expansion of the North American Lithium mine ("NAL") in La Corne, a municipality in Abitibi, Québec.
BRISBANE, Australia, May 12, 2026 (GLOBE NEWSWIRE) -- North American lithium producer Elevra Lithium Limited ("Elevra or Company") ((ASX:ELV, NASDAQ:ELVR) announced today the outcomes of an Updated Scoping Study for expansion of the existing North American Lithium (NAL) mine. Relative to the study from 15 September 20251 this study delivers additional annual concentrate production two years faster than originally planned, similar unit operating costs and unchanged total capital expenditure of US$270 million. Highlights Process plant design feed rate increased to the permitted average annual 4,500 tonnes per day (tpd) in Stage 1 and 6,500 tpd in Stage 2; average Life of Mine (LOM) recover
BMO Capital Markets initiated coverage of Elevra Lithium with a rating of Outperform
4 - Elevra Lithium Ltd (0001739016) (Issuer)
4 - Elevra Lithium Ltd (0001739016) (Issuer)
3 - Elevra Lithium Ltd (0001739016) (Issuer)
BRISBANE, Australia, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Elevra Lithium Limited ("ELV" or "Company") ((ASX: ELV, NASDAQ:ELVR, OTCQB:SYAXF) delivered record quarterly revenue and a gross profit at NAL, while the production outlook was adjusted to reflect short term operational conditions. North American Lithium Second best quarterly safety performance since recommencing operations in 2023.Ore mined of 389,801 wet metric tonnes (wmt) was 15% higher quarter on quarter (QoQ).Process plant utilisation improved to 89%, a 2% increase QoQ.Lithium recovery for the quarter was 62%, down 7% QoQ as a consequence of pit development sequencing adjacent to historical underground workings which in turn re