SEC Form 6-K filed by Elevra Lithium Limited
$ELVR
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2026
Commission File Number 001-42819
ELEVRA LITHIUM LIMITED
(Translation of registrant’s name into English)
Level 28,
10 Eagle Street
Brisbane, Queensland 4000
Australia
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
| Form 20-F ☒ |
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Form 40-F ☐ |
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 Elevra Lithium
ELEVRA LITHIUM 2 Introducing Elevra Lithium North America’s Leading Hard-Rock Lithium Producer Business Highlights: Q2 FY26
Operations2 Financial 44,154 Dry metric tonnes produced 66,016 Dry metric tonnes sold 62% Recovery US$66 million Q2 FY26 revenue US$812 Q2 FY26 unit operating cost (FOB) US$81 million Cash (at 31 Dec. 2025) Corporate US$888
million Market cap (at 16 Feb. 2026) 169 million Shares outstanding (29 Jan. 2026) 183 Mt @ 1.16% Li2O Attributable Measured & Indicated Mineral Resource Estimate1 Investment Highlights: ASX: ELV | NASDAQ: ELVR #1 North American
hard rock pure-play lithium producer. Combined lithium Ore Reserve Estimate of 106Mt @ 1.15% Li2O and M&I Mineral Resource estimate totalling 183Mt @ 1.16% Li2O1. Scale Growth Strategically Positioned NAL expansion study confirms
lower costs and strong returns. Diversified growth portfolio with optionality across three DFS-stage development projects. Only major North American hard-rock lithium project in production. Access to global demand centres to supply the EV
and battery supply chain. North American Lithium Stage: Production Ownership: 100% Authier Stage: Studies Ownership: 100% Moblan Stage: Studies Ownership: 60% Carolina
Lithium Stage: Studies Ownership: 100% Ewoyaa Stage: Studies Ownership: 40.5% Combined spodumene ore reserve estimates and mineral resource estimates (in the measured and indicated category, inclusive of reserves and exclusive of
inferred resources). Ore reserve and mineral resource estimates reported in accordance with the JORC code. Metrics as reported and shown on a net attributable basis. ASX release “December 2025 Quarterly Activities Report” released 28 January
2026.
Select Hard-Rock Resource Benchmarking Attributable M+I+I Mineral Resource Estimate, Mt 1, 2 Leading Hard-Rock Resource Base in
North America Peer Mineral Resource Estimates (Measured, Indicated & Inferred) as reported, refer to supporting sources in Appendix. Excludes Ewoyaa. ELEVRA
LITHIUM 3 229 141 91 88 78 51 50 33 15 6 0 50 100 150 200 250 Elevra PMET Resources Albemarle Rio Tinto Winsome Resources Frontier Lithium Li-FT Resources Critical Rock Tech Elements Lithium Avalon Advanced
Materials Established producing asset base.
01 Optimise Existing Operations Focused on optimising production sustainably and maximising returns and cashflow generation for
NAL Next 18 Months Improve safety and environmental performance Increase grade control drilling to deliver better mine performance Production and cost optimisation Continued mill utilisation and throughput improvement Recovery
optimisation Logistics cost reduction 02 Develop Assets Following Expanded Resource Base Deliver portfolio potential through the development of upstream assets off the back of an expanded resource base Next 18 Months Deliver NAL
expansion based on expanded resource base and updated Scoping Study Revisit Moblan DFS with focus on benefits of increased reserve base, capital intensity & sizing Advance Moblan approvals and permitting (~5 year lead time) Pursue
additional value accretive growth opportunities 03 Integrate into the Supply Chain Via Strategic Partnerships To lock in demand, access-end markets, establish a vertically integrated supply chain, and fund the accelerated development of
Elevra’s portfolio via downstream partnerships Next 18 Months Complete a Definitive Offtake Agreement with Mangrove Lithium Build on partnership opportunities, including support from the government, to further advance downstream
development in Quebec Focus on options to enable development pathways for Moblan greenfield and NAL brownfield expansion The Elevra Strategy Disciplined delivery remains central to our strategy ELEVRA LITHIUM 4
Lithium Market
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 North American Lithium Market Balance Mt LCE 0.4 ELEVRA LITHIUM 6 1.36 1.63 1.88 2.11 2.37 2.61 Global Lithium Demand Mt LCE 3.0 0.0 0.5 1.0 1.5 2.0 2.5 2025 2026 2027
2028 2029 2030 EV ESS Other Battery & Industrial Source: Benchmark Mineral Intelligence Q4 2025 Lithium Forecast Model CAGR
18% (0.13) (0.15) (0.17) (0.18) (0.19) (0.21) (0.3) (0.2) (0.1) 0.0 0.1 0.2 0.3 2025 2026 2029 2030 Market Balance 2027 2028 Lithium Demand Primary Supply
Operations & Growth Projects
Maintaining a high level of operational discipline Q2 FY26 concentrate production of 44kt was temporarily affected by lower feed
grade and lower recovery Process plant utilisation improved to 89% despite grade and ore quality issues underscoring stability of operation Second best safety performance since the restart of operations in 2023 NAL generated US$13 million
in operating cashflow despite operational challenges NAL Operational Performance Consistent production creates a platform for sustained success and future growth NAL Global Recovery and Mill Utilisation1 100% ELEVRA
LITHIUM 8 43% 57% 58% 62% 67% 68% 67% 68% 69% 73% 69% 62% 51% 71% 72% 75% 73% 83% 91% 90% 80% 93% 87% 89% 40% 50% 60% 70% 80% 90% Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY23 FY23 FY24 FY24 FY24 FY24 FY25 FY25 FY25
FY25 FY26 FY26 Global Recovery (%) Mill Utilisation (%) 3,510 29,610 31,486 34,237 40,439 49,660 52,14510,922 43,261 58,533 52,003 44,154 600 806 908 1,008 NAL Concentrate Production and Unit Operating Costs Sold
(FOB) 90,000 996 894 837 830 791 818 812 0 100 200 300 400 500 700 800 900 1000 1100 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY23 FY23 FY24 FY24 FY24 FY24 FY25
FY25 FY25 FY25 FY26 FY26 Concentrate Production (dmt) Unit Operating Costs Sold (US$/dmt) 1. See ASX release “December 2025 Quarterly Activities Report” released 28 January 2026.
Accelerated NAL Brownfield Expansion Staged pathway to drive unit costs down and strengthen NAL’s commercial
competitiveness ELEVRA LITHIUM 9 See ASX release 15 September 2025, “NAL Expansion Scoping Study” See ASX release 12 January 2026, “Accelerated NAL Expansion” Project Evaluation Debottlenecking Scoping Study for NAL brownfield
expansion completed in September 20251 Refined expansion sequencing to an expedited, phased expansion announced in January 20262 Updated Scoping Study incorporating staged debottlenecking phases expected Q2 CY2026 Mill optimisation
targeting an initial 15-20% increase in annual spodumene concentrate production with incremental reduction in unit operating costs commencing in mid-CY2027 Expansion of milling, flotation and filtration capacity and temporary use of mobile
crushing to achieve 6,500tpd throughput, corresponding with 315ktpa nominal SC5.4 production capacity in CY2028 Replacement of mobile crushing circuit and existing crushing circuit with a new crushing and ore sorting circuit capable of
supplying mill requirements for production of 315ktpa in CY2029 Scoping Study Project Evaluation Updated Scoping Study Mill Optimisation Mill Expansion Full Production In Progress Q2 CY26 Mid CY27 CY29 CY28 Completed
Benefits of the NAL expansion and phased development Targeting an increase in production capacity from ~200 ktpa to 315 ktpa
nominal SC5.4 following ramp-up of the expansion delivered in 3 stages High grade of additional resources expected to deliver increased concentrate production and support a reduction in the strip ratio and mining costs Staged development
accelerates increased annual production and reduction in unit cash costs by approximately two years compared to a whole-of- project expansion1 Estimated initial capex of US$270mm2, with upfront capital investment intensity reduced due to
staged delivery Updated Scoping Study incorporating earlier delivery of additional production due Q2 CY26 Accelerated NAL Brownfield Expansion Staged pathway to drive unit costs down and strengthen NAL’s commercial competitiveness ELEVRA
LITHIUM 10 NAL Gross Production2 Current FY26 Guidance Post NAL Brownfield Expansion 180 – 190 kdmt 315 kdmt NAL Unit Costs2 Current FY26 Guidance Post NAL Brownfield Expansion US$860 – 880 /dmt US$630 /dmt See ASX release 12
January 2026 “Accelerated NAL Expansion”. See ASX release 15 September 2025, “NAL Expansion Scoping Study”. Capital estimates are converted at CAD:USD = 0.74 per Scoping Study Results.
Growth Projects Unique set of development options combined with an operating asset ELEVRA LITHIUM 11 Leading North American
open pit mining operator with nameplate capacity of 220kt of spodumene concentrate (30kt LCE per annum) See ASX release 15 September 2025, “NAL Expansion Scoping Study”. Converted at CAD:USD = 0.74 per Scoping Study Results. Sayona has a
22.5% interest in the Ewoyaa Project and can earn a 50% interest prior to potential dilution. See PLL ASX release 17 August 2023. NAL Expansion (100%) 1 Low-cost lithium project targeting 365kt of high-grade, coarse-grained spodumene
concentrate per annum Ewoyaa (22.5%)2 2 High-grade, long-life project located close to key infrastructure and transport nodes with production target of 300kt per annum of spodumene concentrate Moblan (60%) 3 Fully-integrated,
strategically located U.S. asset to potentially produce battery-grade lithium at up to 60kt per annum at full production Carolina (100%) 4 Brownfield expansion scoping study completed with strong economics Staged expansion opportunity to
increase annual production and reduce unit costs Competitive capital returns with estimated expansion capex of US$270mm1 Indicated and Inferred Mineral Resource of 95Mt @ 1.15% Li2O Elevra has an offtake agreement with Atlantic Lithium for
50% of spodumene concentrate production at market prices on a life-of-mine basis3 Elevra exercised option to acquire 22.5% interest in Ewoyaa, having funded the Definitive Feasibility Study to completion Drilling program achieved 6.5x
increase in Resource base since acquisition 20+ year life of mine Measured, Indicated and Inferred Mineral Resource of 121Mt @ 1.19% Li2O Strategically located at the southern most portion of the James Bay region of Quebec Received
finalised mining permit for construction, operation and reclamation in May 2024 One of only two significant spodumene projects in the U.S. Expected to benefit from exceptional infrastructure and close proximity to end customers
Corporate
Experienced and Diverse Board and Management Structured to support and enable Elevra’s growth Board of Directors Dawne
Hickton Chair Allan Buckler Director Lucas Dow Managing Director & CEO Jeff Armstrong Director James Brown Director Laurie Lefcourt Director Christina Alvord Director Jorge M. Beristain Director ELEVRA
LITHIUM 13 Management Team Monique Parker Chief Sustainability Officer Christian Cortes Chief Financial Officer Lucas Dow Managing Director & CEO Dylan Roberts General Counsel & Company Secretary Sylvain Collard President
Canada & Group COO Andrew Barber Chief Development & Investor Relations Officer Sandra Tremblay Chief People Officer Malissa Gordon Vice President, Government Affairs US
#1 North American hard rock pure-play lithium producer Significant combined lithium Ore Reserve Estimate of 106Mt @ 1.15% Li2O
and M&I Mineral Resource estimate totalling 183Mt @ 1.16% Li2O1 Improved strategic relevance to global battery and EV supply chains Aligns economic interests in pursuing NAL Brownfield expansion Significantly strengthened balance sheet
to support growth pipeline Enhanced portfolio optionality to pursue growth Merger of Sayona Mining and Piedmont Lithium Strengthening our market position and unlocking synergies to deliver long term value 1. Combined spodumene ore reserve
estimates and mineral resource estimates (in the measured and indicated category, inclusive of reserves and exclusive of inferred resources). Ore reserve and mineral resource estimates reported in accordance with the JORC code. Metrics as
reported and shown on a net attributable basis following updated NAL and Moblan announcements in August 2025. Refer to the Appendix for supporting data. ELEVRA LITHIUM 14 Scale Optimisation Growth Strategic Rationale
Synergies Consolidated North American Lithium (“NAL”) offtake economics Complementary technical capabilities Unified ownership structure enhancing scope for project optimization SG&A Optimisation of corporate and JV
functions Reduction of corporate costs and overheads Ability to re-route and share staff across corporate functions and projects Asset Optimisation Logistics & Procurement Enhanced management and technical expertise to expand
production base and develop growth projects Strengthened positioning and balance sheet to optimise growth projects and pursue downstream supply-chain integration strategies Removal of de-synergies from previous NAL arrangement Marketing
synergies through expanded customer relationships Optimised project logistics and procurement to reduce cost profile
01 Corporate 02 NAL 03 Ewoyaa 04 Carolina 05 Moblan Delivering Against Multiple Operational Milestones Disciplined and
structured approach to operational delivery and project development Complete merger and realise operating synergies Complete capital raise to execute strategic plans and create cash runway into 2026 Evaluate downstream partnering on
consolidated platform Achieve operating cost reductions based on run-rate production levels Complete exploration drilling and update Resource and Reserve Estimates Early studies for brownfield expansion of spodumene concentrate
production Negotiate revised fiscal terms of the Mining Lease Ratification of Mining Lease Secure non-dilutive project financing to reduce partner equity requirements Secure Air and Water Permit: Water Permit for mining and conversion
granted in 2025 Engineering optimisation for consolidation of activities in North Carolina Advance strategic partnering and project finance options Complete exploration drilling and update Resource and Reserve Estimates Scoping Study for
larger scale spodumene concentrate production Initiate Permitting process ELEVRA LITHIUM 15
Supply Agreement with Mangrove Lithium Non-binding Memorandum of Understanding to advance Canada’s battery materials supply
chain ELEVRA LITHIUM 16 Benefits to Elevra Lithium Reduced freight and logistics costs by supplying spodumene concentrate to a local converter, creating one of the shortest mine-to-chemicals supply chains in the industry Pricing
framework which includes a floor price that underpins cashflow generation across market cycles and ceiling price that maintains considerable leverage to lithium prices Potential long-term offtake customer for increased annual output
following the NAL Brownfield Expansion About Mangrove Lithium Mangrove Lithium is a lithium refining technology company headquartered in Delta, British Columbia, Canada, with a mission to build scalable, battery-grade lithium production
across North America and beyond. The Company has developed a patented electrochemical refining technology that converts diverse lithium feedstocks into high-purity battery-grade lithium hydroxide and carbonate. Mangrove Lithium’s platform
enables economic lithium production and is designed to integrate seamlessly into upstream and downstream supply chains. 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 Mangrove Lithium Pricing linked to market prices, subject to a floor and ceiling price Initial 5-year supply beginning in 2028 and ramping to full annual allocation by 2030 Definitive
supply agreement subject to agreement of final terms and Mangrove Lithium making a final investment decision prior to June 2027 for construction of a lithium conversion facility
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 balance sheet and cashflow generation Operations are cashflow positive with
current market conditions See Atlantic Lithium Limited ASX release 29 June 2023, “Ewoyaa Definitive Feasibility Study”. The capital cost estimate excludes sunk costs, corporate costs, company overheads, exploration costs, project financing
costs, working capital, exchange rate variations and escalation. ELEVRA LITHIUM 17 Funding Timing Funding Strategy Est. Funding Required NAL Brownfield Expansion Subject to permitting and Board approval Capital requirements will be
staged as per Expansion development plans Engaging with potential financiers and strategic / offtake funding partners Subject to FID, the first US$70MM to be funded by Elevra and remainder to be funded based on project ownership (~47%
Elevra) Funding options determined following completion of re-negotiation of financial terms US$270MM Ewoyaa Subject to FID and market conditions US$185MM1,2 100% basis Moblan and Carolina Evaluating strategic partnership and project
financing options Strong interest from partners given strategically located assets US federal government support to fund and accelerate critical mineral projects; downstream integration will be an important decision factor
FY26 Guidance Remaining focused on delivery, disciplined expenditure and continued improvement Unit operating cost sold is
calculated on an accruals basis and includes mining, processing, transport, port charges, site-based general and administration costs and cash based inventory movements, and excludes depreciation and amortisation charges, freight and
royalties. It is reported in A$/dmt sold, weighted average (CIF/FOB) including CIF Port of Québec. Guidance assumes average annual exchange rates of AUD:CAD = 0.88 and AUD:USD = 0.65. ELEVRA LITHIUM 18 Spodumene Concentrate
Production Spodumene Concentrate Sales Unit Operation Costs Sold 1,2 SC 5.0% product grade 100% NAL production SC 5.0% grade Remaining shipment volumes split evenly in the March and June quarters SC 5.0% product grade Unit operating
costs includes costs of cost, insurance and freight costs (CIF) linked to customer offtakes 180,000 – 190,000 dmt Additional Information FY26 Guidance Capital Expenditures 2 US$20m Sustaining Capital projects at NAL with balance of
spend on Growth Projects Capital expenditure guidance excludes movements in capital creditors which amounted to US$3.5m 170,000 – 190,000 dmt US$860 – US$880 / dmt sold US$26m 96,156 dmt H1 FY26 91,991 dmt US$814 / dmt
sold US$15m
Appendix
1. All estimates in table shown on 100% Basis. ELEVRA
LITHIUM 20 Asset Company Location Status Code Source Date Measured (Mt) Measured (% Li2O) Indicated (Mt) Indicated (%Li2O) Total M+I (Mt) M+I (%Li2O) M+I Inclusive of Reserves Inferred (Mt) Inferred (%Li2O) Kings
Mountain Albemarle North Carolina, U.S. Non-Operating S-K 1300 Albemarle 10-K (2024) 31-12-24 - - 63.9 1.4% 63.9 1.4% No 27.6 1.2% Galaxy Rio Tinto Québec, Canada Non-Operating S-K 1300 Company Filing (Initial reporting
of lithium Mineral Resources and Ore Reserves) 4-12-25 - - 18.1 1.1% 18.1 1.1% No 55.9 1.3% Whabouchi Rio Tinto (50%); IQ (50%) Québec, Canada Non-Operating S-K 1300 Company Filing (Initial reporting of lithium Mineral
Resources and Ore Reserves) 4-12-25 - - 18.7 1.5% 18.7 1.5% No 8.3 1.3% PAK Frontier Lithium (92.5%); Mitsubishi (7.5%) Ontario, Canada Non-Operating NI 43-101 Company Filing (NI 43-101 Technical
Report) 09-07-25 16.4 1.6% 20.5 1.5% 36.9 1.6% Yes 18.6 1.5% Shaakichiuwaanaan PMET Resources Québec, Canada Non-Operating NI 43-101 Company Filing (CV5 Lithium-Only Feasibility Study for Shaakichiuwaanaan
Project) 20-10-25 - - 108.0 1.4% 108.0 1.4% Yes 33.3 1.3% Carolina Elevra Lithium North Carolina, U.S. Non-Operating S-K 1300 Piedmont Lithium 10-K (2024) 31-12-24 - - 28.2 1.1% 28.2 1.1% Yes 15.9 1.0% North
American Lithium Elevra Lithium Québec, Canada Operating JORC Company Filing (NAL Resource and Reserves Increase) 27-08-25 - - 76.2 1.2% 76.2 1.2% Yes 18.9 1.0% Authier Elevra
Lithium Québec, Canada Non-Operating JORC Company Filing (Definitive Feasibility Study Confirms NAL Value with A$2.2B NPV) 11-10-22 6.0 1.0% 8.1 1.0% 14.1 1.0% Yes 2.9 1.0% Moblan Elevra Lithium (60%); IQ (40%) Québec,
Canada Non-Operating JORC Company Filing (Moblan Increases Resource to 121Mt and Reserves to 48Mt) 25-08-25 6.3 1.5% 101.4 1.2% 107.7 1.2% Yes 13.3 1.1% Adina Winsome Resources Québec, Canada Non-Operating JORC Company
Filing (Adina Mineral Resource Increases 33% to 78Mt at 1.15% Li2O) 31-12-23 - - 61.4 1.1% 61.4 1.1% Yes 16.5 1.2% Yellowknife Li-FT Resources Northwest Territories, Canada Non-Operating NI 43-101 Company Filing (Initial
Mineral Resource Estimate for the Yellowknife Lithium Project) 25-09-24 - - - - - - Yes 50.4 1.0% Rose Critical Elements Ontario, Canada Non-Operating NI 43-101 Company Filing (Rose Lithium-Tantalum Project Feasibility
Study) 03-04-17 - - 30.6 0.9% 30.6 0.9% Yes 2.4 0.8% Separation Rapids Avalon Advanced Materials (40%); Sibelco (60%) Ontario, Canada Non-Operating NI 43-101 Company Filing (Avalon Advanced Materials Announces 28% Increase in
Measures and Indicated Mineral Resources at JV Separation Rapids Project in Ontario Canada) 30-01-25 4.3 1.3% 8.7 1.4% 13.0 1.3% Yes 2.3 1.5% Georgia Lake Rock Tech Lithium Ontario, Canada Non-Operating NI 43-101 Company
Filing (Georgia Lake Pre-Feasibility Study) 10-08-23 - - 10.6 0.9% 10.6 0.9% Yes 4.2 1.0% Supporting Data Leading Hard Rock Resource Base in North America Totalling 229Mt1
ELEVRA LITHIUM 21 Asset Source Reserve Category Tonnes (Mt) Li2O Grade (%) Cut-off Grade (%Li2O) NAL Reserves up 124% to
48.6Mt and Resource increased to 95Mt 27 August 2025 Proved Ore Reserves 0.3 1.01 0.60 North American Lithium Probable Ore Reserves 48.2 1.11 0.60 Total 48.6 1.11 0.60 NAL Reserves up 124% to 48.6Mt and Resource increased to
95Mt 27 August 2025 Proved Ore Reserves 5.7 0.97 0.60 Authier Probable Ore Reserves 4.9 1.03 0.60 Total 10.5 1.00 0.60 Moblan Increases Resource to 121Mt and Reserve to 48Mt 25 August 2025 Proved Ore
Reserves 5.3 1.57 0.60 Moblan Probable Ore Reserves 42.8 1.27 0.60 Total 48.1 1.31 0.60 Piedmont 2024 10-K filing with the SEC 26 February 2025 Proved Ore Reserves - - 0.40 Carolina Probable Ore
Reserves 18.3 1.10 0.40 Total 18.3 1.10 0.40 Supporting Data Combined Lithium Ore Reserve Totalling 106Mt1 1. All estimates in table shown on 100% Basis.
Important Information and Disclaimer ELEVRA LITHIUM 22 Important Information and Disclaimer Statements in this presentation
are made only as of the date of this presentation unless otherwise stated, and the information in this presentation remains subject to change without notice. Presentation for the Purposes of Providing Information Only This presentation is
not a prospectus, disclosure document or offering document under Australian law or under the law of any other jurisdiction. It is for informational purposes only. This document does not constitute and should not be construed as, an offer to
sell or a solicitation of an offer or invitation to subscribe for, buy, or sell securities in the Company. Any material used in this presentation is only an overview and summary of certain data selected by the management of the Company. The
presentation does not purport to contain all the information that a prospective investor may require in evaluating a possible investment in the Company, nor does it contain all the information which would be required in a disclosure document
prepared in accordance with the requirements of the Corporations Act and should not be used in isolation as a basis to invest in the Company. Recipients of this presentation must make their own independent investigations, consideration and
evaluation of the Company. The distribution of this presentation in other jurisdictions outside of Australia may also be restricted by law and any restrictions should be observed. To avoid doubt, this presentation is not for distribution or
dissemination within the US and Canada. Any failure to comply with such restrictions may constitute a violation of applicable securities laws. Disclaimer No representation or warranty, express or implied, is made as to the fairness,
accuracy, completeness or correctness of the information, opinions or conclusions contained in or derived from this presentation or any omission from this presentation or of any other written or oral information or opinions provided now or in
the future to any person. To the maximum extent permitted by law, neither the Company nor any of its affiliates, related bodies corporate and their respective officers, directors, employees, advisors and agents, nor any other person, accepts
any liability as to or in relation to the accuracy or completeness of the information, statements, opinions, or matters (express or implied) arising out of, contained in or derived from this presentation or any omission from this presentation
or of any other written of oral information or opinions provided now or in the future to any person. Forward Looking Statements This presentation may contain certain forward-looking statements. Such statements are only predictions, based on
certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond Sayona Mining Limited’s control. Actual events or results may differ materially from the events or results expected or implied
in any forward-looking statement. The inclusion of such statements should not be regarded as a representation, warranty or prediction with respect to the accuracy of the underlying assumptions or that any forward-looking statements will be or
are likely to be fulfilled. Sayona Mining Limited (Elevra Lithium) undertakes no obligation to update any forward-looking statement or other statement to reflect events or circumstances after the date of this presentation (subject to
securities exchange disclosure requirements). The information in this presentation does not take into account the objectives, financial situation or particular needs of any person. Nothing contained in this presentation constitutes
investment, legal, tax or other advice. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and all material assumptions and technical
parameters continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.
Important Information and Disclaimer ELEVRA LITHIUM 23 Cautionary Note to United States Investors Concerning Estimates of
Measured, Indicated and Inferred Mineral Resources Standard for Assessing Mineral Reserves and Resources As a public company listed in Australia and the United States, Sayona Mining is required to comply with the resource estimation
standards of both the JORC Code and S-K 1300. Certain of Sayona’s disclosures instead comply with the JORC Code or Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects (“NI 43-101”). Each of these standards
contain specific meanings for terms such as “mineral resource”, “measured mineral resource”, “indicated mineral resource”, “inferred mineral resource”, “proven mineral reserves”, and “probable mineral reserves” for various types of
technical studies. Although the principles for reporting mineral resources and reserves, including subcategories of measured, indicated, and inferred resources, are broadly similar under each set of standards, we caution you that estimates
prepared solely under the JORC Code are not fully comparable to similarly titled measures disclosed under S-K 1300 or the other reporting and disclosure requirements of the U.S. federal securities laws, rules and regulations. Mineral
Reserves and Resources of the Carolina Lithium Project Mineral reserve and mineral resource information contained in this presentation for the Carolina Lithium Project was prepared by Piedmont in accordance with S-K 1300 and the JORC
Code. Mineral Reserves and Resources of the North American Lithium, Authier, and Moblan Projects Mineral reserve and mineral resource information contained in this presentation for the North American Lithium, Authier, and Moblan Projects
were prepared in accordance with the JORC Code and NI 43-101. Such information was not prepared in accordance with S-K 1300.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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ELEVRA LITHIUM LIMITED
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Date: February 19, 2026
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By:
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/s/ Dylan Roberts
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Name: Dylan Roberts
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Title: Company Secretary and General Counsel
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