Elevra Lithium (SYA) investor relations material

Executive summary

• Achieved record quarterly revenue of $81 million, up 22% quarter-over-quarter, and year-to-date revenue of $167 million, up 68% year-over-year, driven by improved operational execution and higher realized lithium prices.

• Operational discipline and capital efficiency led to measurable improvements at North American Lithium (NAL), including best-ever plant utilization at 94% and increased lithium recovery to 66%.

• Positive cash flow generation and net cash position of $58.7 million at quarter-end, with cash and equivalents at $113 million.

• Advanced growth portfolio with milestones at Moblan, Ewoyaa (including mining lease ratification), and Carolina Lithium property acquisitions.

• Signed MoU with Mangrove Lithium to explore North American refining, supporting regional supply chains.

Financial highlights

• Quarterly revenue reached $81 million, up 22% quarter-over-quarter and 68% year-to-date versus last year, driven by a 46% increase in average realized selling price to $1,453/dmt, despite a 16% decline in tonnes sold.

• Sold 55,526 tons of spodumene concentrate; unit operating costs increased 9% to $884/ton, mainly due to higher mining costs.

• Ended the quarter with $113 million in cash and a net cash position of $58.7 million after accounting for a $54.3 million prepayment facility.

• Generated $32 million profit from operations and $41 million in net operating cash inflow at NAL.

• Capital expenditure for the quarter was $4 million, focused on sustaining capital projects at NAL.

Outlook and guidance

• Full-year production guidance of 180,000–190,000 tons and sales guidance of 170,000–190,000 tons remains unchanged.

• Full-year unit operating cost guidance maintained at $860–880/dmt.

• June quarter will conclude deliveries under a legacy contract with lagged pricing; future sales to be more market-based.

• New offtake agreements likely as market tightens, with flexibility to capture value in FY 2027.