Elevra Lithium Signs Non-Binding Memorandum of Understanding for Spodumene Concentrate offtake with Mangrove Lithium
Elevra Lithium Limited - American Depository Shares (ELVR)
Company Research
Source: GlobeNewswire
BRISBANE, Australia, Feb. 09, 2026 (GLOBE NEWSWIRE) -- North American lithium producer Elevra Lithium Limited (“Elevra”) (ASX:ELV; NASDAQ:ELVR) is pleased to announce that it has signed a non-binding Memorandum of Understanding ("MoU") to supply Mangrove Lithium ("Mangrove") with spodumene concentrate produced at North American Lithium ("NAL"). A binding definitive agreement between Elevra and Mangrove may be signed at a future date, subject to Mangrove making a final investment decision prior to June 2027 for construction of a lithium conversion facility and agreement on the final terms of the agreement. Under the terms of the non-binding MoU, Elevra and Mangrove intend to negotiate a definitive agreement under which Elevra could supply up to 144,000 tonnes per year of spodumene concentrate to Mangrove at market related prices, subject to a floor and ceiling price, which would support positive cashflow generation for NAL at any point in the pricing cycle. The proposed supply
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- Elevra Lithium (NASDAQ:ELVR) is now covered by analysts at BMO Capital Markets. They set an "outperform" rating on the stock.MarketBeat
- Elevra Lithium Quarterly Activities ReportGlobeNewswire
- Elevra Lithium (NASDAQ:ELVR) is now covered by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>. They set a "sell (d-)" rating on the stock.MarketBeat
- Elevra Lithium December 2025 Quarterly Report Advisory and Change of Presentation CurrencyGlobeNewswire
- Elevra Lithium Announces Accelerated NAL ExpansionGlobeNewswire