Elevra Lithium Announces Positive PFS Results for NAL Expansion in Québec

Key Facts

1Elevra Lithium announced the results of a Pre-Feasibility Study (PFS) for the North American Lithium (NAL) expansion in Québec.

2The study expects a significant increase in annual spodumene concentrate production while reducing unit operating costs.

In a move reflecting the ongoing efforts to secure critical mineral supplies in North America, Elevra Lithium has announced the results of a Pre-Feasibility Study (PFS) for its North American Lithium (NAL) expansion in Québec. According to reports, the study confirms the expansion as a high-value project with attractive returns, as the company seeks to scale its production capacity to capitalize on market growth. The study anticipates a significant increase in annual spodumene concentrate production while simultaneously reducing unit operating costs, enhancing the project's overall operational efficiency.

Technical data from the PFS indicates the potential to increase average annual production to 373,000 tonnes post-expansion, with unit operating costs (C1) estimated at approximately US$630 per tonne. The study further estimates a post-tax Net Present Value (NPV) of US$699 million and a post-tax Internal Rate of Return (IRR) of 49.9%. These results support the company's broader asset base, which includes 100% ownership of NAL, a 60% stake in the Moblan Lithium Project in Québec, and the 100% owned Carolina Lithium project in the United States.

Regarding market performance, ELVR stock stood at $56.84 (at close September 04, 2026), having traded between a day high of $57.42 and a low of $55.90 during that session. Looking ahead, investors in the mining and energy sectors will monitor subsequent permitting milestones for the expansion, while recent economic data showed a 2.6 million barrel decrease in API Crude Oil Stocks earlier this month, reflecting broader energy market dynamics that may indirectly influence mining sector sentiment.