Elevra Lithium (ELVR)
Runs the restarted North American Lithium mine in Québec while developing a Carolina hydroxide project.
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Formed from the 2025 merger of two Australian-founded lithium miners, the company mines and sells hard-rock spodumene concentrate from an operating Québec mine while developing a second mine-and-conversion project in North Carolina. Revenue currently comes almost entirely from the Québec operation, with the North Carolina site still working through permitting.
The company mines and processes hard-rock spodumene concentrate for the battery-grade lithium supply chain, formed through a 2025 merger of two Australian-founded lithium miners — one centered on a restarted Québec mine, the other on a planned North Carolina project.
North American Lithium, near La Corne, Québec, resumed production in 2023 after a court-supervised restart and supplies most of current revenue; an expansion recently broke ground to raise concentrate output in the coming years.
Carolina Lithium, in Gaston County, North Carolina, would add a domestic mine and hydroxide plant but remains in permitting, with local rezoning still outstanding. Early-stage exploration ground in Québec rounds out the pipeline, while a Ghanaian project stake is being sold to concentrate resources on North America.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $262.1M · Total debt $80.2M · Total assets $972.2M · Shareholders' equity $746.6M
- Revenue
- $65.4M
- Operating income
- −$44.4M
- Net income
- −$30.4M
Reported in AUD, converted at the latest exchange rate
No dividends on record.
| Institutions | 2.45% | 1.85M shares | |
|---|---|---|---|
| 77 holders · as of Jun 30, 2026 | |||
| Insiders | 1.22% | 919.1K shares | |
| 10 holders · as of Apr 7, 2026 | |||
| Other | 96.33% | 72.54M shares | |
| remainder | |||
75.30M company shares as of Aug 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Van Eck Associates CorpInstitution | 1.65% | 1.24M | as of Jun 30, 2026 |
Allan Charles BucklerInsiderdirector | 0.91% | 683,928 | filed Mar 20, 2026 |
UBS Group AGInstitution | 0.20% | 148,625 | as of Jun 30, 2026 |
Legal & General Group PLCInstitution | 0.16% | 118,143 | as of Jun 30, 2026 |
Readystate Asset Management LPInstitution | 0.12% | 92,271 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 2, 2026 | Sylvain Collard | officer: President Canada & Group COO | −41,561 | $5.77 |
- Albemarle
Overlapping NC spodumene projects and global lithium chemical supply
- Sigma Lithium
Direct hard-rock spodumene peer scaling output for the same EV battery buyers
- SQM (ADR)
Brine-based scale rival in lithium chemical supply and pricing
- Lithium Americas
Flagship US domestic-supply rival building GM-backed Thacker Pass
- Standard Lithium
Equinor-backed Arkansas DLE brine rival in North American lithium supply
- ioneer (ADR)
Nevada lithium-boron developer competing for US DOE-backed capital
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Elevra Lithium | $44.44 | −2.36% | $3.43B | 11.6 | — | 22.8 | — |
| Albemarle | $116.02 | +2.75% | $13.32B | — | 11.8 | 2.3 | +31.1% |
| Sigma Lithium | $10.52 | +2.45% | $1.14B | — | 10.8 | 8.1 | +223.9% |
| SQM (ADR) | $70.46 | +1.34% | $19.86B | 14.3 | 8.9 | 2.9 | +136.7% |
| Lithium Americas | $2.97 | +0.31% | $660.9M | — | — | — | — |
| Standard Lithium | $2.18 | +2.08% | $519.4M | — | — | — | — |
| ioneer (ADR) | $3.23 | −0.62% | $203.6M | — | — | — | — |
| Median | 14.3 | 10.8 | 2.9 | +136.7% |