Elevra Lithium reports FY26 revenue growth and record mining output

Elevra Lithium Limited has announced its fiscal year 2026 results, marking the first full year of operations as a combined company. The company reported a 39% increase in revenue compared to FY25, ending the period with $255 million in cash.

Operational highlights from the North American Lithium (NAL) mine include a record 1.47 million wet metric tonnes of ore mined, a 14% increase over the previous year. NAL produced 197,967 dry metric tonnes of spodumene concentrate. While total production was 3% lower than the prior period due to temporary adverse mining conditions in the first half of the year, the company noted that performance improved in the second half as ore feed quality stabilized.

Strategic developments include updated Mineral Resource and Ore Reserve estimates for both NAL and Moblan. Additionally, the company has commenced execution of the NAL Brownfield Expansion, which was fully funded through a May 2026 financing package.