Elevra Lithium Reports Record NAL Tonnages and Improved Earnings for FY2026
Elevra Lithium achieved a record 1.47 million tonnes mined at the NAL mine in FY2026, with EBITDA rising to $14 million. This performance is significant for the lithium sector, demonstrating the company's operational resilience and growth potential amid industry challenges.
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In FY2026, Elevra Lithium mined 1.47 million tonnes of ore at the North American Lithium (NAL) mine, achieving spodumene concentrate production of 197,967 tonnes. Despite a 14% increase in mined tonnages year-on-year, spodumene production decreased by 3% due to lower grades from adverse conditions, which were mitigated through improved mine planning.
The company recorded spodumene concentrate sales of 181,494 tonnes, with average lithium recoveries of 67% and plant utilization at 91%. Underlying EBITDA reached $14 million, reflecting a $57 million improvement from the prior year, with total group profit after tax increasing by $292 million to $44 million.
Elevra ended the year with a cash balance of $255 million after raising $202 million for expansion projects in Québec. Risks remain in managing production consistency and market volatility.
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