Elevra Lithium Limited · ASX:ELV
Elevra Lithium — Corporate Update (February 2026)
39 slides from Elevra Lithium's corporate update, Feb 19, 2026
Slide 1: Carolina Lithium Town Hall
Elevra Lithium Carolina Lithium Town Hall 19 FEBRUARY 2026 ASX:ELV • NASDAQ:ELVR
Slide 2: Tonight’s Discussion
Tonight’s Discussion Sharing information, providing updates, and answering your questions Introductions Project Overview and Current Status on Carolina Lithium Update and explanation of our Air Permitting submission Community Questions + Discussion ELEVRA LITHIUM 2
Slide 3: Management Team
Management Team Today’s Presenters Lucas Dow, Managing Director & CEO Christian Cortes Chief Financial Senior resources sector professional who has lead resources organizations at the Chief Officer Executive Officer level and held executive and non-executive director roles in both listed and unliste
Slide 4: Introducing Elevra Lithium Corporate Overview
Introducing Elevra Lithium Corporate Overview North America’s Leading Hard-Rock Lithium Producer Providing a secure and reliable supply of lithium to power the future Operator of North American Lithium in Québec, the largest Established hard-rock lithium operation in North America. Producer Commissi
Slide 5: Projects
Projects Unique set of development options combined with an operating asset North American Lithium Ewoyaa Moblan Carolina (100%) (22.5%)1 (60%) (100%) Leading North American open Low-cost lithium project High-grade, long-life project Fully-integrated, strategically pit mining operator with targeting
Slide 6: Lithium Applications
Lithium Applications Lithium demand is not limited to passenger EVs; lithium has a diverse set of applications across a variety of end markets National Security Immediate Measures to Increase American Mineral Production Developing a domestic Executive Order - March 20, 2025 supply chain is imperativ
Slide 7: Uplift in Demand with Strong Outlook into 2030
Uplift in Demand with Strong Outlook into 2030 Elevra is well positioned to take advantage of forecast demand growth through its unique suite of development projects Global Lithium Demand North American Lithium Balance Mt LCE Mt LCE 3.0 0.4 2.61 0.3 2.5 2.37 2.11 0.2 2.0 1.88 1.63 0.1 1.5 1.36 0.0 1
Slide 8: Carolina Lithium
Carolina Lithium
Slide 9: Carolina Lithium
Carolina Lithium Located in the cradle of the US lithium industry Fully-integrated, strategically located U.S. asset with the potential to produce up to 60kt per annum of battery-grade lithium. Fully integrated mine-to-chemical production • Designed as an integrated operation, combining hard-rock li
Slide 10: Timeline
Timeline Project Development Milestones – a structured and disciplined approach Permitting Rezoning Partnering Funding Construction Permitting Rezoning Partnering Funding Construction State Mining Permit • Rezoning application dependent • Technical operator for • U.S. Government signals • Descript
Slide 11: Carolina Lithium Update
Carolina Lithium Update Progress Continues while our Commitments remain unchanged Project Progress Core Commitments Remain Unchanged • Expanded funding strategy, including • Commitment to domestic lithium production evaluation of U.S. government support in Gaston County • State Mine Permit/General S
Slide 12: Community Commitment
Community Commitment Operating safely, transparently and responsibly Water Protection - Responsible Operations • Funding engineering study and construction of municipal waterline extension • Establish a program to connect local neighbors to the waterline extension • Operations will follow strict wat
Slide 13: Q&A Session
Q&A Session Carolina Lithium Project ASX:ELV • NASDAQ:ELVR
Slide 14: Questions from the Community
Questions from the Community Providing Clarity and Transparency on Key Topics Has the company sold or purchased any additional local assets, such as land or buildings? Our focus remains within the existing permitted mine area. We are evaluating management of other land we own locally. How is Elevra
Slide 15: Questions from the Community
Questions from the Community Providing Clarity and Transparency on Key Topics Will blasting, noise, dust and vibrations from the mine disrupt my life and force me to stay indoors? No. Modern blasting techniques are highly controlled and designed to minimize noise, dust, and vibrations. Dust will be
Slide 16: Air Permit
Air Permit
Slide 17: Air Permitting Carolina Lithium
Air Permitting Carolina Lithium Understanding the Path from Conception to Operation What is an Legal document issued by the State. Air Permit? Defines what pollutants can be emitted to the environment. Establishes specific limits and monitoring requirements. Why do we To protect public health. need
Slide 18: Permitting in North Carolina: Protecting Air Quality
Permitting in North Carolina: Protecting Air Quality Minimization of Air Impacts is a Collaborative Process • Strict environmental review ensures protection of public health and air quality. Strict Public Health • Air permits must be approved by the North Carolina Regulatory Department of Environmen
Slide 19: Permitting Progress + Next Steps
Permitting Progress + Next Steps Creating the Right Permit takes Time – Focus on Doing it Right, Not Fast Application Regulatory Next Steps Submitted Review • Initial Application • State conducting • Draft permit expected submitted – August detailed review for public comment 2022 • Updated federal •
Slide 20: Project map submitted with application
Project map submitted with application Layout utilized for all air permit calculations and reviews ELEVRA LITHIUM 20
Slide 21: Project area and operations remain consistent with permitted plans
Project Map Project area and operations remain consistent with permitted plans ELEVRA LITHIUM 21
Slide 22: Permitting Landscape
Permitting Landscape Carolina Lithium will comply with the most stringent air permit regime Carolina Lithium Title V – Major Sources Special Cases Exceeds 100 tons per year of any Prevention of Significant criteria pollutant Deterioration (PSD) ELEVRA LITHIUM 22
Slide 23: Our Process: Safely Producing Lithium in Three Steps
Our Process: Safely Producing Lithium in Three Steps A fully integrated process designed for efficiency, safety, and responsible resource development Step 1: Mining Operations Step 2: Concentration Step 3: Conversion Operations Operations ELEVRA LITHIUM 23
Slide 24: Safe & Responsible Mining Operations
Safe & Responsible Mining Operations Mining is carefully planned, regulated and conducted as first step in the integrated on-site process Controlled drilling Safe material handling Managed excavation Engineered mine design ELEVRA LITHIUM 24
Slide 25: Protecting Air Quality During Mining Operations
Protecting Air Quality During Mining Operations Multiple control measures are designed to minimize emissions and protect the community and environment Operations What We Manage • Drilling of holes for • Dust/Particulate explosives Matter Control Methods • Explosives Detonation • Fluorides • Initial
Slide 26: Safe & Responsible Concentration Operations
Safe & Responsible Concentration Operations A controlled step in the fully integrated on-site process Enclosed material transport Modern processing equipment Controlled separation process Engineered processing systems ELEVRA LITHIUM 26
Slide 27: Protecting Air Quality During Concentration Operations
Protecting Air Quality During Concentration Operations Multiple control measures are designed to minimize emissions and protect the community and environment Operations What we Manage • Wind erosion of •Dust/Particulate Matter •Fluorides Control Methods feedstock piles •Chromium • Ore crushing and •
Slide 28: Safe & Responsible Conversion Operations
Safe & Responsible Conversion Operations Final step in the fully integrated on-site process, using enclosed systems and strict environmental controls Enclosed material transfer Controlled conversion process Engineered processing systems ELEVRA LITHIUM 28
Slide 29: Protecting Air Quality During Conversion Plant Operations
Protecting Air Quality During Conversion Plant Operations Multiple control measures are designed to minimize emissions and protect the community and environment Operations What we Manage • Concentrate handling • Dust/Particulate Matter Control Methods and processing • Fluorides • Natural gas-fired •
Slide 30: Potential Emissions with controls within Permitted Area
Potential Emissions with controls within Permitted Area All emissions are regulated, controlled and monitored under state environmental permits Mine / Chemical Site Total Pollutant Concentrate Plant Plant (tons per year) PM 108.2 60.6 168.8 Overall Notes All values in tons per year PM10 39.0 59.0
Slide 31: Project Impact to Air does not Exceed National Air Quality Limits
Proposed Site Wide Pollutant Profile Compared to Current Profile Project Impact to Air does not Exceed National Air Quality Limits - and is more than 50% below National Air Quality Limits % of Pollutant Averaging As Is Impact of Carolina Combined National Air % of Combined (all values are in μg/m3)
Slide 32: Our Commitment to Protecting the Community + Environment
Our Commitment to Protecting the Community + Environment Strict permitting, monitoring and controls ensure safe and responsible operations Strict Advanced Safety First Transparency Oversight Controls No construction or Operations are Equipment and Committed to ongoing operations will begin r
Slide 33: Q&A Session
Q&A Session Air Permit ASX:ELV • NASDAQ:ELVR
Slide 34: Open + Ongoing Communication
Open + Ongoing Communication Questions? Let’s Talk. Primary Community Contact: Primary Permitting Contact: Malissa Gordon Monique Parker Phone: 704.491.9130 Phone: 704.813.2301 Email: malissa.gordon@elevra.com Email: monique.parker@elevra.com Website: www.elevra.com Website: www.elevra.com Cherryvil
Slide 35: Appendix
Appendix
Slide 36: Water Lines and Sound Barriers
Water Lines and Sound Barriers Municipal water capabilities and Valuing Quality of Life
Slide 37: Important Information and Disclaimer
Important Information and Disclaimer Important Information and Disclaimer The distribution of this presentation in other jurisdictions Forward Looking Statements Statements in this presentation are made only as of the date outside of Australia may also be restricted by law and This presentation may
Slide 38: Important Information and Disclaimer
Important Information and Disclaimer Cautionary Note to United States Investors Mineral Reserves and Resources of the Carolina Lithium Project Concerning Estimates of Measured, Indicated and Inferred Mineral Resources Mineral reserve and mineral resource information contained in this presentation fo
Slide 39: Elevra
ELEVRA