Elevra Lithium Limited (ELV.AX) Sale of Ewoyaa Project Interest Completed
Elevra Lithium Limited
Completion of the sale follows receipt of the required Ghanaian Government approvals, and Elevra received cash consideration of US$71 million before fees and taxes. Thesale includes all of Elevra's rights and interests in the Ewoyaa Project, including its spodumene concentrate offtake rights. Additionally, Elevra no longer has any funding commitment to develop the Ewoyaa Project.
The sale allows Elevra to sharpen its focus on core North American assets, and proceeds from the sale will provide Elevra with additional financial flexibility as the Company advances the North American Lithium brownfield expansion, development activities at Moblan and other growth projects.
Separately, Huayou continues to progress its proposed acquisition of Atlantic Lithium3 which holds the remaining private-sector interest in the Ewoyaa Project. Huayou's acquisition of Elevra's interests in the Ewoyaa Project is separate from, and is not conditional upon, completion of Huayou's proposed acquisition of Atlantic Lithium.
Elevra's Managing Director and Chief Executive Officer, Mr. Lucas Dow, said: "Completing the sale of our Ewoyaa interest to Huayou delivers ourgoal of improving our financial flexibility while removing the development funding obligations attached to the project and simplifying our portfolio.
"With the proceeds now received, we are well placed to advance our North American lithium assets. I would like to thank the Ghanaian authorities for their engagement through the approvals process, Huayou for working constructively with us to reach completion, and Atlantic Lithium for its support of the transfer."
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
Source:
Elevra Lithium Limited
Copyright (C) 2026 ABN Newswire. All rights reserved.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
