- Elevra Lithium completed its merger between Sayona Mining and Piedmont Lithium, establishing the new entity and raising **$69 million** in capital from Resource Capital Fund.  **[0001739016_2213222_0]** 
- The company reported **$31 million** in revenue for the September quarter (Q1 2026), driven by a **14%** quarter-on-quarter increase in average realized price to **$784 per tonne** (USD).  **[0001739016_2213222_1]** 
- Operationally, North American Lithium (NAL) produced **52,003 tonnes of spodumene concentrate** and sold **25,975 tonnes**, ending the quarter with **51,000 tonnes** in inventory.  **[0001739016_2213222_0]** **[0001739016_2213222_1]**  Unit operating costs were **$818 per tonne sold** (USD).  **[0001739016_2213222_1]** 
- Elevra Lithium concluded the quarter with a cash balance of **$148.8 million**.  **[0001739016_2213222_2]** 
- Strategic initiatives include advancing the NAL expansion study, which aims to increase production capacity to **315,000 tonnes per year**, and a **30% increase** in the Moblan mineral resource estimate to **120 million tonnes**.  **[0001739016_2213222_1]** **[0001739016_2213222_2]**

Elevra Lithium Reports Q1 2026 Results, Completes Merger, and Advances Growth Projects

- Elevra Lithium was formally established through the merger of Sayona Mining and Piedmont Lithium, and completed a **$69 million** capital raise with Resource Capital Fund.  **[0001739016_2209341_0]** 
- The North American Lithium (NAL) operation produced **52,003 tonnes of spodumene concentrate** at a **5.2% average grade** but strategically sold only **25,975 tonnes** in Q1 2026, building **51,000 tonnes of inventory** to capture expected higher realized pricing in the December quarter.  **[0001739016_2209341_0]** **[0001739016_2209341_1]** 
- Revenue for the quarter was **$31 million**, with an average realised price of **$784 per tonne (USD)**, while unit operating costs increased to **$818 per tonne sold (USD)** due to lower sales volumes and planned maintenance.  **[0001739016_2209341_1]**  The company finished the quarter with a **$148.8 million cash balance**.  **[0001739016_2209341_2]** 
- Elevra Lithium plans to expand NAL's production capacity to approximately **315,000 tonnes of concentrate per year**, aiming to reduce unit operating costs by **30%** to **$562 per tonne (USD)**, with a final investment decision targeted for **H2 2027**.  **[0001739016_2209341_1]**  The Moblan project also saw a **30% increase in its mineral resource estimate**.  **[0001739016_2209341_2]**

Elevra Lithium Completes Merger, Reports Q1 2026 Results, and Outlines Growth Plans

- **Elevra Lithium** was formally established through the merger of Sayona Mining and Piedmont Lithium, now controlling **North America's largest operating hard rock lithium mine**.  **[0001739016_2213248_0]** 
- For the September quarter (Q1 2026), the company reported **AUD 31 million in revenue**, with an average realized price increasing **14% quarter-on-quarter** to **AUD 1,198 per tonne FOB** (or **$784 per tonne on a U.S. dollar basis**).  **[0001739016_2213248_1]** 
- Operational performance at the North American Lithium (NAL) operation included producing **52,003 tonnes of spodumene concentrate** at an average grade of **5.2%** and achieving **87% mill utilization**.  **[0001739016_2213248_0]**  Sales volume was intentionally lower at **25,975 tonnes** to prioritize December quarter shipments for expected higher pricing, resulting in **51,000 tonnes of finished product in inventory**.  **[0001739016_2213248_0]** **[0001739016_2213248_1]** 
- Elevra Lithium ended the quarter with a cash balance of **AUD 148.8 million** and is advancing expansion plans for NAL to potentially increase production to **315,000 tonnes of concentrate per year** and reduce unit operating costs.  **[0001739016_2213248_1]** **[0001739016_2213248_2]**  Additionally, the JORC-compliant MRE at Moblan increased **30%** to **120 million tonnes**.  **[0001739016_2213248_2]**

Company not found (DML1)