Elevra Lithium Limited · ASX:ELV
Elevra Lithium — BMO Conference, Bank of America Chemicals Conference and PDAC, February/March 2026
24 slides from Elevra Lithium's conference presentation, Feb 19, 2026
Slide 1: Elevra Lithium
Elevra Lithium Providing a Secure and Reliable Supply of Lithium to Power the Future BMO CONFERENCE BANK OF AMERICA CHEMICALS CONFERENCE PDAC FEBRUARY/MARCH 2026 ASX:ELV • NASDAQ:ELVR
Slide 2: Introducing Elevra Lithium
Introducing Elevra Lithium Investment Highlights: ASX: ELV | NASDAQ: ELVR North America’s Leading Hard-Rock Lithium Producer #1 North American hard rock pure-play lithium producer. Scale Combined lithium Ore Reserve Estimate of 106Mt @ 1.15% Li2O and M&I Mineral Resource estimate totalling 183Mt @ 1
Slide 3: Leading Hard-Rock Resource Base in North America
Leading Hard-Rock Resource Base in North America Select Hard-Rock Resource Benchmarking Attributable M+I+I Mineral Resource Estimate, Mt 1, 2 250 229 Established producing asset base. 200 150 141 100 91 88 78 51 50 50 33 15 6 0 Elevra PMET Albemarle Rio Tinto Winsome Frontier Li-FT Critical Rock Tec
Slide 4: The Elevra Strategy
The Elevra Strategy Disciplined delivery remains central to our strategy 01 02 03 Optimise Existing Operations Develop Assets Following Integrate into the Supply Chain Expanded Resource Base Via Strategic Partnerships Focused on optimising production Deliver portfolio potential through the To lock i
Slide 5: Lithium Market
Lithium Market
Slide 6: Uplift in Demand with Strong Outlook into 2030
Uplift in Demand with Strong Outlook into 2030 Elevra is positioned to take advantage of forecast demand growth through its unique portfolio of development projects Global Lithium Demand North American Lithium Market Balance Mt LCE Mt LCE 3.0 0.4 2.61 CAGR 18% 0.3 2.5 2.37 2.11 0.2 2.0 1.88 1.63 0.1
Slide 7: Operations & Growth Projects
Operations & Growth Projects
Slide 8: NAL Operational Performance
NAL Operational Performance Consistent production creates a platform for sustained success and future growth Maintaining a high level of NAL Global Recovery and NAL Concentrate Production and Unit operational discipline Mill Utilisation1 Operating Costs Sold (FOB) • Q2 FY26 concentrate production 10
Slide 9: Accelerated NAL Brownfield Expansion
Accelerated NAL Brownfield Expansion Staged pathway to drive unit costs down and strengthen NAL’s commercial competitiveness Project Evaluation Scoping Study for NAL brownfield expansion completed in September 20251 Refined expansion sequencing to an expedited, phased expansion announced in January
Slide 10: Accelerated NAL Brownfield Expansion
Accelerated NAL Brownfield Expansion Staged pathway to drive unit costs down and strengthen NAL’s commercial competitiveness Benefits of the NAL expansion and NAL Gross Production2 NAL Unit Costs2 phased development 315 US$860 – 880 kdmt /dmt • Targeting an increase in production capacity from ~200
Slide 11: Growth Projects
Growth Projects Unique set of development options combined with an operating asset NAL Expansion Ewoyaa Moblan Carolina 1 (100%) 2 (22.5%)2 3 (60%) 4 (100%) Leading North American open Low-cost lithium project High-grade, long-life project Fully-integrated, strategically pit mining operator with tar
Slide 12: Corporate
Corporate
Slide 13: Experienced and Diverse Board and Management
Experienced and Diverse Board and Management Structured to support and enable Elevra’s growth Board of Directors Management Team Dawne Hickton Lucas Dow James Brown Christina Alvord Lucas Dow Christian Cortes Sylvain Collard Sandra Tremblay Chair Managing Director & Director Director Managing Direct
Slide 14: Merger of Sayona Mining and Piedmont Lithium
Merger of Sayona Mining and Piedmont Lithium Strengthening our market position and unlocking synergies to deliver long term value Strategic Rationale Synergies #1 North American hard rock pure-play lithium producer Optimisation of corporate and JV functions Significant combined lithium Ore Reserve E
Slide 15: Delivering Against Multiple Operational Milestones
Delivering Against Multiple Operational Milestones Disciplined and structured approach to operational delivery and project development 01 Corporate Complete merger and realise operating synergies Complete capital raise to execute strategic plans and create cash runway into 2026 Evaluate downstream p
Slide 16: Supply Agreement with Mangrove Lithium
Supply Agreement with Mangrove Lithium Non-binding Memorandum of Understanding to advance Canada’s battery materials supply chain Summary of Key Terms • Non-binding Memorandum of Understanding whereby Elevra would supply up to 144,000 tonnes of spodumene concentrate per year produced at NAL to Mangr
Slide 17: Funding Plan
Funding Plan Flexibility and a range of alternatives exist to fund Elevra’s development projects. • Consolidating ownership of NAL provides optionality for alternative funding pathways including partnering with strategic investors • Considering funding options leveraging Elevra’s strengthened balanc
Slide 18: FY26 Guidance
FY26 Guidance Remaining focused on delivery, disciplined expenditure and continued improvement FY26 Guidance H1 FY26 Additional Information Spodumene • SC 5.0% product grade Concentrate 180,000 – 190,000 dmt 96,156 dmt • 100% NAL production Production Spodumene • SC 5.0% grade Concentrate 170,000 –
Slide 19: Appendix
Appendix
Slide 20: Supporting Data
Supporting Data Leading Hard Rock Resource Base in North America Totalling 229Mt1 Measured Measured Indicated Indicated Total M+I M+I M+I Inclusive Inferred Inferred Asset Company Location Status Code Source Date (Mt) (% Li2O) (Mt) (%Li2O) (Mt) (%Li2O) of Reserves (Mt) (%Li2O) North Carolina, Kings
Slide 21: Supporting Data
Supporting Data Combined Lithium Ore Reserve Totalling 106Mt1 Asset Source Reserve Category Tonnes (Mt) Li2O Grade (%) Cut-off Grade (%Li2O) Proved Ore Reserves 0.3 1.01 0.60 NAL Reserves up 124% to 48.6Mt North American Lithium and Resource increased to 95Mt Probable Ore Reserves 48.2 1.11 0.60 27
Slide 22: 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 23: 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 24: ELEVRA
ELEVRA