- **Elevra Lithium Limited** completed its merger with Sayona Mining Limited and Piedmont Lithium Inc. on **August 30, 2025** (AEST) / **August 29, 2025** (ET), concurrently raising **$69 million** and effecting a **150-to-1 share consolidation**.  **[1739016_0001104659-25-103725_tm2529648d1_6k.htm:0]** 
- For the September 2025 quarter (Q1 FY26), North American Lithium (NAL) produced **52,003 dry metric tonnes (dmt)** of spodumene and sold **25,975 dmt**, with the average realised selling price increasing **14% to $1,198/dmt**.  **[1739016_0001104659-25-103725_tm2529648d1_6k.htm:0]** 
- The company's cash balance increased by **$76.5 million** to **$148.8 million** as of **September 30, 2025**.  **[1739016_0001104659-25-103725_tm2529648d1_6k.htm:1]** 
- Elevra reaffirmed its FY26 production guidance of **195,000-210,000 dmt**, sales guidance of **195,000-210,000 dmt**, and unit operating costs of **$1,175-1,275/dmt**.  **[1739016_0001104659-25-103725_tm2529648d1_6k.htm:1]** 
- A Scoping Study for the NAL Expansion projects a **55% increase** in production capacity to **315ktpa** and a **~30% reduction** in unit operating costs to approximately **US$562/dmt**, with a Final Investment Decision targeted for **H2 2027**.  **[1739016_0001104659-25-103725_tm2529648d1_6k.htm:1]**

Elevra Lithium Completes Merger, Reports Q1 FY26 Performance, and Details Expansion Plans

- Sayona Mining Limited's NAL Expansion Scoping Study confirms a **post-tax NPV(8%) of C$1,284M**, an **IRR of 26.4%**, and a **payback period of 46 months** for the expansion project.  **[1739016_0001104659-25-090219_tm2526176d1_ex99-1.htm:0]** **[1739016_0001104659-25-090219_tm2526176d1_ex99-1.htm:1]** **[1739016_0001104659-25-090219_tm2526176d1_ex99-1.htm:18]** 
- The expansion is projected to increase annual nominal SC5.4 production to **315 ktpa** and reduce the C1 unit cost to **C$759/t (US$562/t)** once fully operational, compared to the base case C1 of C$935/t (US$692/t).  **[1739016_0001104659-25-090219_tm2526176d1_ex99-1.htm:0]** **[1739016_0001104659-25-090219_tm2526176d1_ex99-1.htm:1]** **[1739016_0001104659-25-090219_tm2526176d1_ex99-2.htm:6]** 
- The initial capital expenditure for the expansion is estimated at **C$366M (US$270M)**, with construction forecast to be complete by the end of CY29, and the project extends the mine life to **24 years** using existing NAL Ore Reserves.  **[1739016_0001104659-25-090219_tm2526176d1_ex99-1.htm:0]** **[1739016_0001104659-25-090219_tm2526176d1_ex99-1.htm:1]** **[1739016_0001104659-25-090219_tm2526176d1_ex99-2.htm:6]**

Sayona Mining Limited Announces Positive NAL Expansion Scoping Study Results

- **Elevra Lithium Ltd.** has been formed following the merger of Sayona Mining and Piedmont Lithium, positioning it as a leading North American hard rock lithium producer with a pro forma cash position of approximately **$227 million** as of June 30.  **[1739016_2144756_0]** 
- The company announced substantial resource and reserve growth, including a **124% increase in NAL's reserves since 2023** to **49 million tons** and a **30% increase in Moblan's resource in a single year** to **121 million tons**.  **[1739016_2144756_1]** 
- A scoping study for the NAL brownfield expansion projects an increase in production to **315,000 tons per year**, with a post-tax NPV of **$950 million** and an IRR above **26%** for a capital investment of **$270 million**.  **[1739016_2144756_2]** 
- For **FY26**, production guidance is set at **195,000 to 210,000 tons**, with unit costs expected to be between **A$1,175 and A$1,275 per ton**.  **[1739016_2144756_3]**

Elevra Lithium Ltd. Announces Merger Completion, Strong Financials, and Growth Plans

- Sayona Mining Limited reported a **revenue increase of 11%** to **$223 million** for the year ended **30 June 2025**, but a consolidated **loss after income tax of $382 million**, primarily due to a **$271 million impairment** of North American Lithium (NAL) assets.  **[1739016_0001104659-25-086382_tm2522182d8_ex99-5.htm:0]** **[1739016_0001104659-25-086382_tm2522182d8_ex99-5.htm:1]** **[1739016_0001104659-25-086382_tm2522182d8_ex99-4.htm:1]** **[1739016_0001104659-25-086382_tm2522182d8_ex99-5.htm:2]** **[1739016_0001104659-25-086382_tm2522182d8_ex99-3.htm:9]** 
- The company achieved **record production** of **204,858 dry metric tonnes** and **record sales** of **209,038 dry metric tonnes** of spodumene concentrate from NAL in FY25, representing increases of **31%** and **32%** respectively, despite a **16% decline** in average realised selling prices.  **[1739016_0001104659-25-086382_tm2522182d8_ex99-4.htm:0]** **[1739016_0001104659-25-086382_tm2522182d8_ex99-5.htm:0]** **[1739016_0001104659-25-086382_tm2522182d8_ex99-5.htm:1]** **[1739016_0001104659-25-086382_tm2522182d8_ex99-4.htm:1]** **[1739016_0001104659-25-086382_tm2522182d8_ex99-5.htm:2]** 
- The merger with Piedmont Lithium was approved, leading to the formation of **Elevra Lithium Limited**, which is expected to create a premier North American lithium producer.  **[1739016_0001104659-25-086382_tm2522182d8_ex99-4.htm:0]** **[1739016_0001104659-25-086382_tm2522182d8_ex99-5.htm:1]** **[1739016_0001104659-25-086382_tm2522182d8_ex99-5.htm:4]** **[1739016_0001104659-25-086382_tm2522182d8_ex99-3.htm:5]**  The company also reported significant increases in **reserves and resources** at both NAL and Moblan projects, supporting potential future expansion.  **[1739016_0001104659-25-086382_tm2522182d8_ex99-5.htm:0]** **[1739016_0001104659-25-086382_tm2522182d8_ex99-5.htm:1]** **[1739016_0001104659-25-086382_tm2522182d8_ex99-3.htm:5]** **[1739016_0001104659-25-086382_tm2522182d8_ex99-3.htm:12]**

Sayona Mining Limited Announces FY25 Results and Merger Approval

- Sayona Mining Limited reported an **8% increase** in its North American Lithium (NAL) Mineral Resource estimate to **95.0Mt at 1.15% Li2O**.  **[1739016_0001140361-25-032950_ef20054651_6k.htm:0]** **[1739016_0001140361-25-032950_ef20054651_6k.htm:1]** 
- The company also announced a **124% increase** in NAL Ore Reserves to **48.6Mt at 1.11% Li2O**, effective **June 30, 2025**.  **[1739016_0001140361-25-032950_ef20054651_6k.htm:0]** **[1739016_0001140361-25-032950_ef20054651_6k.htm:1]** **[1739016_0001140361-25-032950_ef20054651_6k.htm:10]** 
- The updated Life of Mine (LOM) plan for NAL is **45 years**.  **[1739016_0001140361-25-032950_ef20054651_6k.htm:11]** 
- Authier Ore Reserves are estimated at **10.5Mt at 1.00% Li2O**, effective **June 30, 2025**, with ore to be processed at NAL starting in **2045** as part of a **67% NAL: 33% Authier** blend.  **[1739016_0001140361-25-032950_ef20054651_6k.htm:0]** **[1739016_0001140361-25-032950_ef20054651_6k.htm:1]** **[1739016_0001140361-25-032950_ef20054651_6k.htm:11]** **[1739016_0001140361-25-032950_ef20054651_6k.htm:14]** **[1739016_0001140361-25-032950_ef20054651_6k.htm:15]**

Sayona Mining Limited Updates NAL Mineral Resource and Ore Reserve Estimates

- Sayona Mining Limited reported an increase in the total Mineral Resource Estimate for its Moblan Lithium Project to **121Mt** at **1.19% Li2O**, representing a **30%** increase from the previous estimate released on August 27, 2024.  **[1739016_0001140361-25-032564_ef20054447_6k.htm:0]** **[1739016_0001140361-25-032564_ef20054447_6k.htm:1]** 
- The total Ore Reserves for the Moblan Lithium Project also increased to **48.08 Mt** at **1.31% Li2O**, a **39%** increase compared to the previous estimate released on February 20, 2024.  **[1739016_0001140361-25-032564_ef20054447_6k.htm:0]** **[1739016_0001140361-25-032564_ef20054447_6k.htm:1]** 
- These updated estimates are effective as of **June 12, 2025**, for Mineral Resources and **June 30, 2025**, for Ore Reserves.  **[1739016_0001140361-25-032564_ef20054447_6k.htm:2]** **[1739016_0001140361-25-032564_ef20054447_6k.htm:1]** **[1739016_0001140361-25-032564_ef20054447_6k.htm:8]** 
- Sayona holds a **60%** stake in the Moblan Lithium Project, which is located in northern Quebec.  **[1739016_0001140361-25-032564_ef20054447_6k.htm:0]** **[1739016_0001140361-25-032564_ef20054447_6k.htm:1]**

Elevra Lithium (ELVR)