Elevra Lithium Breaks Ground on Fully Funded NAL Expansion, Targeting 15-20% Production Increase
ELVR has more than doubled off its 52-week low of $15.545 on light trading volume (0.4× avg).
Summary
Elevra Lithium has broken ground on its fully funded North American Lithium (NAL) Expansion project. This follows the successful capital raise in May 2026 and the updated Scoping Study announced on May 12, 2026. The Stage 1 expansion is expected to increase annual spodumene concentrate production capacity by 15-20% and reduce unit operating costs. This is a material step in executing the company's growth strategy and strengthening its position in the North American lithium supply chain. Completion is targeted for mid-CY27.
At the time of this announcement, ELVR was trading at $66.99 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $15.55 to $102.80. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.