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Elevra Lithium ( (AU:ELV) ) has issued an update.
On 20 March 2026, Elevra Lithium Limited reported the completion of its small shareholding sale facility, targeting investors who held unmarketable parcels valued at less than $500 as of 8 January 2026. The program was designed to streamline the company’s share register while allowing small investors to exit efficiently at a market-based price.
The facility resulted in the sale of 316,173 shares on market from 12,934 small shareholders at an average price of $7.30 per share, generating total proceeds of $2.31 million to be paid around 20 March 2026. Following the transactions, Elevra retained roughly 35,300 shareholders and 169.4 million shares on issue, and expects the reduced number of small accounts to lower ongoing administrative and registry costs, benefiting overall corporate efficiency.
The most recent analyst rating on (AU:ELV) stock is a Hold with a A$8.00 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 North American lithium producer dual-listed on the ASX and NASDAQ, with core projects in Québec, the United States, Ghana and Western Australia. Its portfolio includes the wholly owned North American Lithium and Carolina Lithium projects, a majority stake in Québec’s Moblan Lithium Project, a minority interest in Ghana’s Ewoyaa Lithium Project, and extensive Pilbara tenements prospective for lithium and gold.
Average Trading Volume: 1,450,285
Technical Sentiment Signal: Hold
Current Market Cap: A$1.33B
Learn more about ELV stock on TipRanks’ Stock Analysis page.