Brisbane, Australia, May 19, 2026 - (ABN Newswire) - Elevra Lithium Limited (ASX:ELV) (NASDAQ:ELVR) (OTCMKTS:SYAXF) announced on Tuesday, 12 May 2026 a nonunderwritten share purchase plan ("SPP"), targeting to raise up to A$20 million. The SPP follows Elevra's successfully completed A$275 million fully underwritten institutional placement to eligible institutional investors ("Placement").
The 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.
The SPP is now open to eligible Elevra shareholders, being:
- shareholders who hold Elevra shares on the Elevra register (in their personal capacity) and have a registered address in either Australia or New Zealand as at 7.00pm (Australian Eastern Standard Time) on the Record Date (being Monday 11 May 2026); and
- shareholders who are custodians or nominees that hold Elevra shares on behalf of a person mentioned directly above, provided that the custodian or nominee (as applicable) is not in the United States and is not acting for the account or benefit of a person in the United States, (together, "Eligible Shareholders"), to apply for up to A$30,000 of new fully paid ordinary shares in Elevra ("SPP Shares") free of any brokerage, commission or transaction costs.
The SPP will be priced at the lower of: (A) the Placement offer price of A$12.20 per share; and (B) the fiveday VWAP of Elevra shares up to, and including, the closing date of the SPP, which is currently scheduled for Friday, 29 May 2026.
Participation in the SPP is optional. SPP Shares will rank equally with existing Elevra shares from their date of issue.
SPP Booklet
Full details of the SPP will be set out in the SPP booklet, which is being sent to Eligible Shareholders today. Eligible Shareholders who have elected to receive electronic communications will receive details of how to obtain a copy of the SPP booklet and their personalised acceptance form via email. All other Eligible Shareholders will receive a letter via post with instructions on how to access a copy of the SPP booklet and their personalised acceptance form.
Eligible Shareholders are encouraged to read the SPP booklet carefully, and if in any doubt about whether or not to accept the SPP offer, to consult with a financial or other professional adviser.
To apply for SPP Shares, Eligible Shareholders must, by 5.00pm (AEST) on Friday, 29 May 2026, make a payment directly via BPAY(R) in accordance with the instructions on their personalised application form.
Eligible Shareholders with a registered address in New Zealand who are unable to pay by BPAY may pay for SPP Shares by making an electronic funds transfer in accordance with the instructions on their personalised application form.
Personalised application forms can also be accessed by Eligible Shareholders via:
www.computersharecas.com.au/elv
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
Email: ir@elevra.com
Source:
Elevra Lithium Limited
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