Elevra Lithium boosted revenue 8% in H1 2026 despite lower sales volume, thanks to higher lithium prices and cost savings from its merger with Piedmont.

Elevra Lithium reported improved financial results for the first half of FY2026, with revenue rising 8% to $86 million despite a 20% drop in sales volume, driven by a 34% increase in lithium prices. Production at its North American Lithium site fell 7% due to temporary ore availability issues, but EBITDA turned positive, and the company achieved its best safety record. The merger with Piedmont Lithium delivered $17 million in annualized cost savings, strengthened the balance sheet, and enabled a $156 million impairment reversal. Mineral resources and reserves grew at both NAL and Moblan, supporting a brownfield expansion study targeting 315,000 tons per year, with a 15%–20% production increase expected in 2026. Environmental work at Moblan has begun, and the company ended the period with $81 million in cash and no debt.