Elevra Lithium Limited (ELV.AX) Completion of Share Purchase Plan
Elevra Lithium Limited
NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES.
North American lithium producer Elevra Lithium Limited confirms the successful completion of its share purchase plan ("SPP") following the closing of applications on Friday, 29 May 2026. The SPP was announced to the market on Tuesday, 12 May 2026 in conjunction with a A$275 million fully underwritten institutional placement to eligible institutional investors ("Placement").
Proceeds of the Placement and SPP will go towards fully funding the NAL Brownfield Expansion project, alongside funding key Moblan technical and pre-development activities through to FID.
Elevra received strong support from retail shareholders under the SPP, with more than 930 eligible applications totalling more than A$15.5 million.
In accordance with the terms of the SPP, the issue price of new fully paid ordinary shares (New Shares) under the SPP is A$12.20, being the price at which shares were issued under the Placement.
Approximately 1.275 million New Shares are scheduled to be issued under the SPP today, Friday 5 June 2026.
Trading of those New Shares on ASX is expected to commence on Tuesday, 9 June 2026 and holding statements are expected to be despatched on Wednesday, 10 June 2026. New Shares issued under the SPP will rank equally with existing Elevra fully paid ordinary shares from their date of issue.
Ineligible and erroneous application monies will be refunded to each applicant electronically if payment instructions and bank details have been provided to Elevra's share registry on Wednesday, 10 June 2026. If payment instructions have not been provided to Elevra's share registry, any refund will be held until such payment instructions have been provided.
For enquiries in relation to the SPP, shareholders can contact Elevra' share registry from 8:30am to 5:00pm (AEST) Monday to Friday (excluding public holidays) on 1300 552 270 (callers within Australia) or +61 3 9415 4000 (callers outside Australia).
Further details of the Placement and the SPP are set out in the Equity Raising Presentation released to ASX on Tuesday, 12 May 2026.
About Elevra Lithium Limited:
Elevra Lithium Limited is a North American lithium producer (ASX:ELV) (NASDAQ:ELVR) OTCMKTS:SYAXF) with projects in Quebec, Canada, United States, Ghana and Western Australia. In Quebec, Elevra's assets comprise North American Lithium (100%) and a 60% stake in the Moblan Lithium Project in Northern Quebec. In the United States, Elevra has the Carolina Lithium project (100%) and in Ghana the Ewoyaa Lithium project (22.5%) in joint venture with Atlantic Lithium. In Western Australia, the Company holds a large tenement portfolio in the Pilbara region prospective for gold and lithium.Contact:
Andrew Barber
Investor Relations
PH: +61 7 3369 7058
Source:
Elevra Lithium Limited
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