Elevra Lithium
Elevra Lithium is a dual-listed (ASX/NASDAQ) hard-rock lithium producer operating North America's largest producing lithium mine in Quebec, with expansion to 338 ktpa spodumene concentrate by 2029 and downstream hydroxide conversion development in North Carolina.
- Company typePublic
- Founded2025
- HeadquartersBrisbane, Australia
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Elevra Lithium does
Elevra Lithium Limited (ASX: ELV, NASDAQ: ELVR) is a dual-listed hard-rock lithium producer and developer formed in August 2025 through the all-stock merger of Piedmont Lithium and Sayona Mining. The company is headquartered in Brisbane, Australia, and operates North American Lithium (NAL) in Quebec's Abitibi-Temiscamingue region — North America's largest producing lithium mine — alongside the development-stage Moblan (60% interest with Investissement Quebec), Carolina Lithium in North Carolina, and the Ewoyaa project in Ghana (being divested to Zhejiang Huayou Cobalt for ~US$71M). NAL's JORC-compliant Mineral Reserve of 49Mt at 1.11% Li2O underpins a current ~180-190 ktpa spodumene concentrate output with a staged brownfield expansion targeting 338 ktpa by mid-2029 at C1 costs of US$868/t, leveraging Quebec's renewable hydroelectric grid for low-emissions production. Planned downstream integration includes Metso pressure leach lithium hydroxide conversion at Carolina Lithium and a non-binding MoU with Mangrove Lithium for up to 144,000 tpa concentrate supply into a planned 20,000 tpa North American refinery.
The company's revenue model centers on direct sales of high-grade spodumene concentrate to global battery manufacturers and EV supply chain customers under long-term offtake agreements with floor and ceiling pricing mechanisms. Realized prices reached approximately US$1,453/dmt FOB in Q3 FY26 (March 2026 quarter), generating record quarterly revenue of US$81M (+22% QoQ) and an H1 FY26 revenue of US$86M (+8% YoY). Additional revenue streams include 50% life-of-mine offtake rights from Ewoyaa (transitioning to a US$71M cash divestiture), equity-linked offtake arrangements through Atlantic Lithium, and pending downstream conversion economics via the Mangrove partnership. Capital is sourced through dual equity markets and a C$145M convertible note commitment from the Canada Growth Fund, with a recent A$441M transformational financing package fully funding NAL expansion stages 1-3.
Elevra Lithium firmographics
Firmographics- Name
- Elevra Lithium
- Legal name
- Elevra Lithium Limited
- Website
- https://elevra.com
- Company type
- Public
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Elevra Lithium is a dual-listed (ASX/NASDAQ) hard-rock lithium producer operating North America's largest producing lithium mine in Quebec, with expansion to 338 ktpa spodumene concentrate by 2029 and downstream hydroxide conversion development in North Carolina.
- Ownership category
- akta.pro rank
Elevra Lithium industry classification
Industry- Product category
- Lithium Raw Materials Production
- NAICS
- Battery Manufacturing (33591), Carbon and Graphite Product Manufacturing (335991)
- SIC
- Metal Mining (1000), Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400), Construction, Mining & Materials Handling Machinery & Equip (3530)
- akta.pro primary industry
- Lithium Mining & Brine Extraction (IMAKAFAA)
- akta.pro secondary industries
- Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI), Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Lithium-ion Battery Recycling (Mechanical, Hydro, Direct Recycling) (EUAIAIAF), Battery Recycling & Materials Recovery (Li-ion, LFP, Flow, Lead-Acid) (EUAMALAE), Collection, Logistics & Reverse Supply Chain (Transport, Sorting, Tracking) (EUAFACAA), Battery Dismantling, Discharge & Pre-processing (Safe Handling, Shredding, Black Mass Production) (EUAFACAB)
Keywords
Where Elevra Lithium is headquartered
LocationHeadquarters
- HQ city
- Brisbane
- HQ country
- Australia
- HQ region
- Oceania
Offices4 records
Markets served
Elevra Lithium business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Infrastructure, Technology or R&D, Personnel, Supply Chain, Marketing or Sales
Revenue model
- Spodumene Concentrate Sales: Revenue generated from production and sale of spodumene concentrate produced at North American Lithium mine. Sales volumes and realized prices fluctuate based on lithium market conditions.
- Ewoyaa Offtake Rights: 50% life-of-mine offtake rights from Ewoyaa project at market prices, providing additional revenue stream through equity interest and offtake arrangements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Spodumene concentrate market pricing |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
Elevra Lithium product offering
Product offeringCore offering
Elevra Lithium operates and develops hard rock lithium mining assets, producing spodumene concentrate for sale to global battery manufacturers and electric vehicle (EV) supply chain customers. Its flagship North American Lithium (NAL) operation in Quebec is North America's largest producing lithium mine, with development-stage and JV projects in Canada, the United States, Australia, and Ghana supporting future spodumene concentrate and lithium hydroxide output.
Product overview
Elevra Lithium is a dual-listed lithium producer and developer (ASX: ELV, Nasdaq: ELVR) offering a portfolio of lithium assets across Canada, the United States, Australia, and Ghana. The company's core product offering centers on spodumene concentrate production from its flagship North American Lithium (NAL) operation in Quebec, complemented by development-stage projects including the Moblan Lithium Project (Quebec), Carolina Lithium (North Carolina), and the Ewoyaa Lithium Project (Ghana). Elevra was formed through the August 2025 merger of Piedmont Lithium and Sayona Mining, combining operational excellence with disciplined asset management to serve the global electric vehicle and energy storage markets.
Differentiator
Problem solved
Functional benefit
Products and services
- North American Lithium (NAL) Flagship 100%-owned hard rock lithium mine and spodumene concentrator operation in Quebec's Abitibi-Temiscamingue region, approximately 60 km north of Val-d'Or. Currently North America's largest lithium producer, with a JORC-compliant Mineral Resource of 87.9-95 million tonnes at 1.13-1.15% Li₂O and a Mineral Reserve of 49 million tonnes at 1.11% Li₂O. Produces high-grade spodumene concentrate for global battery markets.
- Moblan Lithium Project High-grade greenfield lithium project located in the Eeyou-Istchee James Bay region of northern Quebec, held 60% by Elevra Lithium and 40% by Investissement Québec. Situated 300m from the Route du Nord highway connecting to railway lines and major ports, positioned to become a major supplier of lithium concentrate to the North American battery market.
- Carolina Lithium Development-stage multi-phase fully integrated lithium operation in Gaston County, North Carolina, situated in the Carolina Tin-Spodumene Belt. Designed to include mining operation, spodumene concentrator, and lithium hydroxide conversion plant using Metso's pressure leach technology. One of only two significant spodumene projects in the United States.
- Ewoyaa Lithium Project Joint venture project between Elevra and Atlantic Lithium in Ghana, West Africa, with potential to become one of Ghana's first lithium-producing mines. Elevra holds an equity interest in Atlantic Lithium and a 50% earn-in for Ghanaian spodumene projects, including a 50% life-of-mine offtake right. Located approximately 112 kilometres from the Port of Takoradi with direct highway access.
- Spodumene Concentrate Primary product produced by Elevra Lithium's North American Lithium operation. High-grade spodumene concentrate sold to global battery manufacturers for use in electric vehicles and energy storage solutions. Average realized selling prices reached approximately US$1,453/dmt in Q3 FY26.
- Western Australia Exploration Assets Lithium and gold exploration projects in Western Australia (Pilbara and South Murchison regions), including lithium rights to Deep Well, Tabba Tabba, Red Rock, Mt Dove, Friendly Creek, Station Peak and Mount Satirist tenements covering 478 square kilometres. Also includes a 49% equity stake in the Morella Lithium Joint Venture managing lithium rights for six tenements in Pilbara and two tenements in South Murchison.
Quantifiable outcome
- Record quarterly revenue of US$81M in Q3 FY26, up 22% quarter-on-quarter
- +4 more outcomes
Companies that use Elevra Lithium
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Elevra Lithium technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Elevra Lithium partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Mangrove LithiumcoreNon-binding MoU for supply of up to 144,000 tonnes per year of spodumene concentrate from NAL over an initial five-year period starting in 2028. Mangrove plans to process concentrate into battery-grade lithium hydroxide at its planned 20,000 tpa facility in eastern Canada. Contingent on Mangrove's final investment decision by June 2027.
- SOQUEM Inc. (Investissement Quebec)coreMoblan Lithium Project held 60% by Elevra Lithium and 40% by Investissement Quebec (through its wholly-owned subsidiary SOQUEM Inc.). Joint venture partnership for development of the Moblan project in Quebec's Eeyou-Istchee James Bay region.
- Atlantic LithiumcoreEwoyaa Lithium Project is a joint venture between Elevra and Atlantic Lithium. Elevra holds an equity interest in Atlantic Lithium and a 50% earn-in for Ghanaian spodumene projects, with 50% life-of-mine offtake rights.
- Waratah Capital Advisors LtdminorElevra purchased and terminated the spodumene concentrate offtake agreement held by Waratah for the Moblan Lithium Project, issuing US$5 million in shares and US$0.5 million in options. This gives Elevra full control of its 100% pro-rata offtake entitlement from Moblan.
Scale indicators9 records
Recent moves8 records
Expansion highlights5 records
Elevra Lithium competitors and assessment
Company assessmentBroad incumbents
- Albemarle Corporation: NYSE-listed world's largest lithium producer with diversified brine and hard rock operations globally. Broad incumbent serving the same battery/EV customers from a much larger portfolio including brine assets Elevra does not operate.
- SQM: Santiago-listed global lithium producer primarily from Chilean brine operations. Broad incumbent competitor in battery-grade lithium with materially greater scale, vertical integration into specialty plant nutrition, and broader geographic footprint.
- IGO Limited: ASX-listed diversified mining company operating the Greenbushes hard rock lithium mine in Western Australia (joint venture with Tianqi and Albemarle). Broad incumbent in Australian hard rock lithium with the world's largest hard rock lithium asset.
- Tianqi Lithium: HKEX-listed Chinese integrated lithium producer with hard rock and brine assets plus downstream conversion. Major incumbent serving global battery supply chain from a far larger scale than Elevra.
Direct peers
- Sigma Lithium: NASDAQ-listed hard rock lithium producer operating the Grota do Cirilo mine in Brazil producing battery-grade spodumene concentrate. Directly comparable as a publicly listed, single-asset-focused hard rock lithium producer with similar ESG positioning.
- Pilbara Minerals: ASX-listed hard rock lithium miner operating the Pilgangoora mine in Western Australia. Directly comparable as a publicly listed spodumene concentrate producer targeting global battery markets with similar offtake-driven commercial model.
- Liontown Resources: ASX-listed developer of the Kathleen Valley hard rock lithium project in Western Australia. Comparable as a publicly listed lithium developer transitioning to producer status with multi-asset growth pipeline and battery manufacturer offtake agreements.
- Atlantic Lithium: AIM-listed developer of the Ewoyaa lithium project in Ghana — currently Elevra's joint venture partner (and subject to Elevra's pending divestiture). Closely comparable as a publicly listed emerging hard rock lithium developer in West Africa.
- Mineral Resources: Operates the Mt Marion hard rock lithium mine in Western Australia (joint venture with Ganfeng). Closely comparable model as a mid-cap spodumene concentrate producer with long-term offtake contracts to Chinese converters and active brownfield expansion plans.
Emerging players
- Patriot Battery Metals: ASX-listed Canadian hard rock lithium developer advancing the Shaakichiuwaanaan (formerly Corvette) project in Quebec. Emerging competitor operating in the same Quebec jurisdiction as Elevra's NAL and Moblan assets, with partial overlap in target customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Elevra Lithium social profiles
Digital presenceElevra Lithium financial estimates
Financial estimateRevenue estimate
Valuation estimate
Elevra Lithium leadership team
Management profileNumber of profiles
Profiles16 records
Elevra Lithium subsidiaries and ownership
Company hierarchySubsidiaries4 records
Elevra Lithium funding detail
Funding detailFunding overview
Funding rounds6 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Elevra Lithium M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Elevra Lithium
What does Elevra Lithium do?
Elevra Lithium operates and develops hard rock lithium mining assets, producing spodumene concentrate for sale to global battery manufacturers and electric vehicle (EV) supply chain customers. Its flagship North American Lithium (NAL) operation in Quebec is North America's largest producing lithium mine, with development-stage and JV projects in Canada, the United States, Australia, and Ghana supporting future spodumene concentrate and lithium hydroxide output.
Is Elevra Lithium a public or private company?
Elevra Lithium is a public company. It is classified as public and is currently operating.
When was Elevra Lithium founded?
Elevra Lithium was founded in 2025. It employs 101 to 250 people.
Where is Elevra Lithium based?
Elevra Lithium is headquartered in Brisbane, Australia, in the Oceania region.
How does Elevra Lithium make money?
Two revenue lines are on record. Spodumene Concentrate Sales are the primary driver. The others are ewoyaa Offtake Rights.
Who are Elevra Lithium's main competitors?
Broad incumbents on record are Albemarle Corporation, SQM, IGO Limited and Tianqi Lithium. Direct peers are Sigma Lithium, Pilbara Minerals, Liontown Resources, Atlantic Lithium and Mineral Resources. Patriot Battery Metals is listed as an emerging player.
Does Elevra Lithium have an API?
No public API is recorded for Elevra Lithium.
What industry is Elevra Lithium in?
Elevra Lithium's product category is Lithium Raw Materials Production. Its primary akta.pro industry code is IMAKAFAA, Lithium Mining & Brine Extraction, with a secondary code of IMAKAFAI, Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate). Its NAICS code is 33591 and its SIC code is 1000.