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The latest announcement is out from Elevra Lithium ( (AU:ELV) ).
Elevra Lithium reported a strong March 2026 quarter, with record NAL revenue of US$81 million, improved safety performance, higher plant utilisation, and better recoveries driving a 7% rise in spodumene output despite slightly lower ore mined. Cash rose to US$113 million and net cash more than doubled, even as unit costs ticked up due to higher-cost inventory, leaving the company on track to meet its FY26 production and sales guidance.
The company advanced an accelerated expansion plan at NAL, progressed permitting and environmental work at Moblan and Ewoyaa, and completed key land acquisitions at its Carolina Lithium project. A new MoU with Mangrove Lithium to explore local downstream processing underscores Elevra’s push into value-added partnerships, while the impending end of a legacy lagged-pricing contract should better align future sales with prevailing lithium market prices.
The most recent analyst rating on (AU:ELV) stock is a Buy with a A$10.30 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 lithium producer on the ASX and Nasdaq focused on spodumene concentrate from its North American Lithium (NAL) operation in Canada. The company is building a global growth portfolio, including projects in Ghana and the U.S., and is pursuing downstream partnerships to integrate further into the lithium value chain.
Average Trading Volume: 1,549,541
Technical Sentiment Signal: Buy
Current Market Cap: A$1.77B
Find detailed analytics on ELV stock on TipRanks’ Stock Analysis page.