Elevra Lithium Ltd

Elevra focuses on the mining, extraction, and production of spodumene concentrate, a higher-grade lithium concentrate. The company operates in the lithium market, specifically addressing the demand for basic lithium chemicals and concentrates. Elevra does not directly participate in the market for inorganic and organic lithium derivatives. Spodumene concentrate, which varies based on its lithium content (Li2O%), is suitable for producing lithium carbonate and lithium hydroxide. Lithium carbonate is primarily used to produce cathodes for rechargeable batteries, leveraging lithium's high electrochemical potential and low density. While basic lithium chemicals and lithium derivatives have other applications, such as in the ceramics and glaze industry, batteries are the leading application for lithium. According to Benchmark Mineral Intelligence, batteries accounted for approximately 86% of total global lithium demand in 2024, with electric vehicle batteries representing approximately 66% of that total. Lithium offers advantages like low density, low coefficient of thermal expansion, and high electrochemical potential. On October 15, 2021, 9450-5567 Quebec Inc., a wholly owned subsidiary of Elevra, entered into an offtake agreement with Lithium Royalty Corp. for the Moblan Lithium project. This agreement commits 9450-5567 Quebec Inc. to sell, and Lithium Royalty Corp. to buy, an amount of spodumene concentrate or lithium concentrate equal to 10% of 9450-5567 Quebec Inc.'s 60% interest in the concentrate produced from the Moblan Lithium project.