Elevra Completes Sale of E45/2364 Pegmatite Rights
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| Stock | Elevra Lithium Ltd (ELV.ASX) |
|---|---|
| Release Time | 7 Aug 2026, 8:22 a.m. |
| Price Sensitive | Yes |
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Elevra Completes Sale of E45/2364 Pegmatite Rights
Key Points
- Elevra has sold rights to E45/2364 to Wildcat Resources Limited.
- Transaction includes $16 million in cash and shares.
- Elevra retains potential to benefit from future discoveries.
Full Summary
Elevra Lithium Limited has completed the sale of its rights, interests, and obligations on the E45/2364 pegmatite in Western Australia to Wildcat Resources Limited. The transaction, valued at $16 million, includes $5 million in cash, $8 million in Wildcat shares, and $3 million in deferred cash. Elevra also retains a contingent royalty based on any future pegmatite discoveries by Wildcat. This transaction aligns with Elevra's strategy of focusing on its core North American assets.
Guidance
Elevra to receive $16 million in total consideration for the sale.
Outlook
Elevra plans to reinvest the sale proceeds into near-term growth initiatives and North American expansion.
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