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Elevra Lithium buys back Moblan offtake rights in US$5.5 million equity deal

PUBT·05/12/2026 20:07:41
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Elevra Lithium buys back Moblan offtake rights in US$5.5 million equity deal
  • Elevra Lithium bought out and terminated Waratah-managed vehicle offtake rights tied to Moblan Lithium Project, restoring full control of its pro-rata spodumene concentrate entitlement.
  • Offtake agreement covered 10% of Sayona’s ownership participation in Moblan annual production on a life-of-mine basis, priced at a 5% discount to prevailing market prices.
  • Termination consideration set at US$5 million in ordinary shares, valued at A$12.2 per share, with an additional US$0.5 million in options exercisable at a 50% premium.
  • Moblan ownership remains 60% Elevra, 40% Investissement Québec.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elevra Lithium Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605121605PRIMZONECNPR____9718572) on May 12, 2026, and is solely responsible for the information contained therein.