---
title: "Elevra Lithium Completes Sale of E45/2364 Pegmatite Rights | ELVR Stock News"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295245023.md"
description: "Elevra Lithium completed the sale of its E45/2364 pegmatite rights in Western Australia to Wildcat Resources for $16 million plus a contingent royalty. The consideration includes A$5 million cash, A$8 million in shares, and A$3 million deferred cash. This transaction aligns with Elevra's strategy to focus on core North American assets while retaining potential upside through royalties."
datetime: "2026-08-07T05:42:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295245023.md)
  - [en](https://longbridge.com/en/news/295245023.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295245023.md)
generator: "portal-rs"
---

# Elevra Lithium Completes Sale of E45/2364 Pegmatite Rights | ELVR Stock News

See more from StockTitan in Google Search and AI answers.Adds StockTitan as a preferred source · opens Google

Add on Google

BRISBANE, Australia, Aug. 07, 2026 (GLOBE NEWSWIRE) -- **North American lithium producer Elevra Lithium Limited (“Elevra” or "Company") (ASX:ELV; NASDAQ:ELVR)** is pleased to announce that it has completed a transaction with Wildcat Resources Limited (“**Wildcat**”) regarding the Company’s rights, interests and obligations on E45/2364 in Western Australia (referred to as Tabba Tabba in Elevra exploration disclosure).

Under the terms of the agreement with Wildcat, Elevra has sold all of its rights, interests and obligations associated with E45/2364 to Wildcat, with Wildcat assuming full ownership, control and liability of those rights, interests and obligations (“**Transaction**”).

**Transaction Consideration**

Pursuant to the terms of the Transaction, Elevra will receive total consideration of $16 million plus an ongoing royalty (should Wildcat define a Pegmatite Mineral Resource on E45/2364) comprising the following:

-   A$5 million in cash payable on completion;
-   A$8 million in Wildcat ordinary shares, issued at a price of $0.353 per share;
-   A$3 million in deferred cash payable six months after Wildcat announces a completed feasibility study for the Tabba Tabba Project; and
-   Contingent cash payments of A$0.70 per tonne for each tonne of JORC Pegmatite Mineral Resource announced by Wildcat within E45/2364.

This combination of guaranteed and contingent payments provides Elevra with ongoing exposure should Wildcat have exploration success on E45/2364 while allowing the Company to realise immediate value.

The Transaction is consistent with Elevra’s strategy of allocating capital to further develop its core North American assets. Elevra will have no remaining ownership interest, rights or obligations in respect of E45/2364 but will retain the potential to participate in future value creation through the contingent royalty payment consideration on E45/2364.

Elevra’s Managing Director and Chief Executive Officer, Lucas Dow, said: *"This transaction delivers an attractive outcome for Elevra by unlocking immediate value from a non-core asset through a cash payment which can be reinvested in near-term growth initiatives. The structure also allows Elevra to benefit if any Pegmatite Mineralisation is discovered on E45/2364. The transaction further simplifies our portfolio and allows us to maintain our focus on executing our North American growth strategy, including the NAL Brownfield Expansion and the advancement of our development pipeline."*

**Announcement authorised for release by Elevra’s Managing Director & CEO.**  

**About Elevra Lithium**

Elevra Lithium Limited is a North American lithium producer (ASX:ELV; NASDAQ:ELVR) with projects in Québec, Canada, United States, and a joint venture in Western Australia.

Elevra’s assets comprise North American Lithium (100%), a 60% stake in the Moblan Lithium Project in Central Québec and the Carolina Lithium project (100%) in the United States.

For more information, please visit us at www.elevra.com or contact:Andrew BarberInvestor RelationsPH: +617 3369 7058

### Related Stocks

- [ELVR.US](https://longbridge.com/en/quote/ELVR.US.md)

## Related News & Research

- [Elevra Lithium Q4 Earnings Call Highlights](https://longbridge.com/en/news/293996110.md)
- [Elevra Lithium Refocuses On North America With Moblan Offtake Control](https://longbridge.com/en/news/286323902.md)
- [Elevra Lithium, Morella propose JV expansion to add four Western Australia exploration projects](https://longbridge.com/en/news/296648967.md)
- [Kinder Morgan subsidiary El Paso Natural Gas posts Q2 net income of 95 million vs 81 million year earlier](https://longbridge.com/en/news/296641815.md)
- [Mercado Minerals Provides Summary of Copalito Drill Program, Highlights New Renata Vein and Phase II Exploration Plans | MRMNF Stock News](https://longbridge.com/en/news/296348544.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**