ASX:ELVMetals and Mining
Elevra Lithium (ASX:ELV) Is Up 24.7% After NAL Mine Expansion NPV Upgrade And Equity Raise – Has The Bull Case Changed?
Earlier in May 2026, Elevra Lithium Limited completed follow-on equity offerings totalling about A$295.00 million at A$12.20 per share, alongside releasing an updated scoping study for expanding its North American Lithium mine in Quebec.
The new study indicates the mine expansion could more than double the project’s post-tax NPV while bringing additional production online sooner and with similar forecast operating costs and capital intensity.
We’ll now examine how the improved NAL expansion...