Elevra Lithium Reports US$74 Million Q1 FY27 Revenue with 54,907 Dry Metric Tonnes Produced

Mukul

06 November 2026 04:04 PM AEDT

Elevra Lithium Reports US$74 Million Q1 FY27 Revenue with 54,907 Dry Metric Tonnes Produced

Image Source: Krish Capital Pty Ltd

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Elevra Lithium (ASX:ELV), listed on both the ASX and NASDAQ (ELVR), has disclosed first quarter FY27 operational and financial results showing revenue of US$74 million, with 54,907 dry metric tonnes produced and 58,134 dry metric tonnes sold, alongside a cash position of US$319 million as at 30 September 2026.

Key Points

Q1 FY27 revenue of US$74 million with a unit cost sold (FOB) of US$780 per tonne
54,907 dry metric tonnes produced and 58,134 dry metric tonnes sold at 70% recovery in Q1 FY27
Cash balance of US$319 million as at 30 September 2026; market capitalisation of US$426 million as at 30 October 2026
Ewoyaa asset sale completed on 26 October 2026 for US$71 million, with proceeds received after quarter end and not included in the 30 September 2026 cash balance
Combined attributable Measured, Indicated and Inferred Mineral Resource Estimate of 166 Mt at 1.17% Li2O

Q1 FY27 Operational and Financial Results

According to the filing, Elevra Lithium's North American Lithium (NAL) operation produced 54,907 dry metric tonnes during the first quarter of FY27, with 58,134 dry metric tonnes sold at a recovery rate of 70%. The company recorded Q1 FY27 revenue of US$74 million and a unit cost sold on an FOB basis of US$780 per tonne. The company's cash position stood at US$319 million as at 30 September 2026, with 194 million shares outstanding as at 30 October 2026. The NAL project is 100% owned and is currently in production stage.

Portfolio Optimisation and Non-Core Asset Divestments

The filing discloses that Elevra Lithium completed the sale of all rights and interests in its Ewoyaa project to Zhejiang Huayou Cobalt on 26 October 2026, following Ghanaian government approvals, for cash consideration of US$71 million before fees and taxes. Separately, the company sold the Tabba Tabba tenement for A$16 million, comprising A$5 million cash on completion and A$8 million in Wildcat shares, with those shares sold for A$9 million, plus A$3 million in deferred cash payable in April 2027. Four Western Australian projects have also been proposed for the Morella Lithium joint venture.

Mineral Resources and NAL Expansion Plans

Elevra Lithium disclosed a combined spodumene Ore Reserve Estimate of 76 Mt at 1.19% Li2O and an attributable Measured, Indicated and Inferred Mineral Resource Estimate totalling 166 Mt at 1.17% Li2O, reported in accordance with the JORC code. The filing references a NAL Expansion Pre-Feasibility Study released on 7 September 2026, targeting capacity growth from 199 ktpa to approximately 373 ktpa, described as fully funded and phased. An updated Scoping Study for the Moblan project is stated to be due in Q4 CY26, with the Moblan asset held at 60% ownership and currently in the studies stage.

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