Australia's Elevra Lithium hits near 2-year high on faster expansion of flagship mine
ReutersJan 13, 2026 2:19 AM
Shares of Elevra Lithium ELV.AX rise as much as 11.6% to A$10.19, their highest level since February 20, 2024
Lithium producer posts biggest intraday pct jump since November 11, 2025
Co identifiesnew pathway for expansion of its flagship North American Lithium (NAL) mine to fast track additional production with lower unit operating costs
Says new expansion plans expected to deliver initial 15-20% increase in annual spodumene concentrate production vs current production levels from mid-CY27
Sees new staged development strategy to bring forward incremental production by about two years vs previous plans
About 1.4 mln shares change hands, 1.5x their 30-day average
Stock rose 98.5% in 2025
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