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Elevra Lithium ( (AU:ELV) ) has shared an update.
Elevra Lithium reported Q2 FY26 operational results for the quarter to 31 December 2025, with NAL producing 44,154 dry metric tonnes of concentrate and selling 66,016 tonnes, generating US$66 million in revenue despite lower grade and recovery. Cash at period end stood at US$81 million and the mine delivered US$13 million in operating cash flow, while plant utilisation improved to 89%, reinforcing operational stability and supporting a market capitalisation of about US$888 million as of mid-February 2026.
The company outlined an 18‑month plan to optimise NAL, advance studies and permitting on Moblan and other projects, and deepen downstream partnerships, including a planned offtake deal with Mangrove Lithium. Elevra is accelerating a staged brownfield expansion at NAL aimed at lifting nominal production capacity from roughly 180–190 thousand tonnes in FY26 to about 315 thousand tonnes per year by 2029, with an estimated initial capex of US$270 million and a focus on lowering unit operating costs to strengthen competitiveness in a lithium market expected to grow strongly through 2030.
The most recent analyst rating on (AU:ELV) stock is a Buy with a A$9.00 price target. To see the full list of analyst forecasts on Elevra Lithium stock, see the AU:ELV Stock Forecast page.
More about Elevra Lithium
Elevra Lithium Limited is a dual-listed Australian lithium producer (ASX: ELV, Nasdaq: ELVR) focused on hard-rock spodumene resources in North America. The company owns the producing North American Lithium (NAL) mine and a portfolio of development-stage projects including Authier, Moblan, Carolina Lithium and Ewoyaa, targeting supply to electric-vehicle and battery markets. It reports an attributable measured and indicated resource of 183 million tonnes at 1.16% Li2O and positions itself as the leading pure-play hard-rock lithium producer in North America.
Average Trading Volume: 1,189,932
Technical Sentiment Signal: Hold
Current Market Cap: A$1.27B
Find detailed analytics on ELV stock on TipRanks’ Stock Analysis page.