• Elevra Lithium released updated scoping study for staged expansion of North American Lithium mine in Quebec, keeping total capex at USD 270 million while bringing incremental concentrate volumes forward by about two years versus September 2025 plan.
• Incremental post-tax NPV(8%) for expansion lifted to CAD 969 million from CAD 479 million; total NAL post-tax NPV(8%) estimated at CAD 3.11 billion, with post-tax IRR of 41.8%.
• Design throughput set at permitted 4,500 tpd in Stage 1, rising to 6,500 tpd in Stage 2; post-ramp production rate targeted at 338,000 tonnes per year of 5.4% Li2O spodumene concentrate, with 71.2% life-of-mine recovery.
• Stage 1 ramp-up scheduled for mid-2027; expanded production expected to start early 2028; Stage 3 crusher build targeted for completion in early 2029.
• Life-of-mine C1 cost projected at CAD 847 per tonne of concentrate once fully operational, with AISC at CAD 922 per tonne.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elevra Lithium Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605112321PRIMZONEFULLFEED9718114) on May 12, 2026, and is solely responsible for the information contained therein.