• Groundbreaking of NAL Expansion Project completed
• Expansion funded by recent capital raise
• Expected to increase production capacity by 15-20%
• Anticipated to reduce unit operating costs

Elevra Lithium Limited has officially broken ground on its North American Lithium (NAL) Expansion Project, marking a significant milestone in its growth strategy. The expansion follows the successful completion of a capital raise in May 2026, which fully funded the project and strengthened the company's balance sheet. The groundbreaking ceremony was attended by Elevra's Board of Directors, senior management, and project leaders. The NAL Expansion is expected to increase annual spodumene concentrate production capacity by 15-20% and reduce unit operating costs through improved scale and efficiency. This expansion aligns with North America's goal to strengthen its domestic battery materials supply and reduce reliance on external sources, providing more traceable and transparent lithium to the growing electric vehicle and energy storage markets.

Expected 15-20% increase in annual spodumene concentrate production capacity by mid-CY27

The NAL expansion is expected to strengthen Elevra's position as a key lithium supplier in North America, aligning with the region's goals to enhance domestic battery materials supply.