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Elevra Lithium ( (AU:ELV) ) just unveiled an update.
On October 24, 2025, Elevra Lithium Limited announced a proposed issue of 287,500 ordinary fully paid shares to satisfy remaining underwriting fees owed to Canaccord Genuity (Australia) Limited. This issuance, set for October 28, 2025, is part of a conditional institutional placement approved by shareholders on July 31, 2025. The shares will rank equally with existing securities, and the issuance does not require security holder approval, utilizing the company’s 15% placement capacity under ASX listing rules. This move is expected to settle outstanding financial obligations and potentially strengthen Elevra’s market position.
The most recent analyst rating on (AU:ELV) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Elevra Lithium stock, see the AU:ELV Stock Forecast page.
More about Elevra Lithium
Elevra Lithium Limited is a company operating in the lithium industry, focusing on the production and distribution of lithium products. The company is based in Brisbane, Queensland, Australia, and is listed on the Australian Securities Exchange (ASX) under the code ELV.
YTD Price Performance: 0.25%
Average Trading Volume: 731,913
Technical Sentiment Signal: Hold
Current Market Cap: A$677.2M
See more insights into ELV stock on TipRanks’ Stock Analysis page.