Elevra Lithium Shares Rise on Spodumene Supply Deal with LG Energy Solution

Key Facts

1Elevra Lithium shares rose following the announcement of a spodumene supply agreement with South Korea's LG Energy Solution.

Elevra Lithium shares rose following the announcement of a binding agreement to supply spodumene concentrate to South Korea's LG Energy Solution. Seeking Alpha reported that the supply will be produced at the company's North American Lithium project located in Quebec.

ELVR closed at $34.71 on October 7, 2026, after reaching a day high of $36.49 and a low of $34.52. The deal provides a guaranteed off-take partner for Elevra's lithium production, improving revenue visibility and validating the quality of its mining project.