Elevra Lithium Provides Ewoyaa Sale Update

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Postmedia has not reviewed the content. by GlobeNewswire Elevra Lithium Provides Ewoyaa Sale UpdateAuthor of the article:BRISBANE, Australia, Oct. 01, 2026 (GLOBE NEWSWIRE) — North American lithium producer Elevra Lithium Limited (“Elevra”) (ASX:ELV; NASDAQ:ELVR) provides an update on the proposed sale of its interests in the Ewoyaa Lithium Project (“Ewoyaa Project”) in Ghana to Zhejiang Huayou Cobalt Co., Ltd. (“Huayou”) where the Ghanaian Government approval process continues and Huayou has received FIRB approval for the proposed acquisition of Atlantic Lithium Limited (“Atlantic Lithium”).THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThis advertisement has not loaded yet, but your article continues below.As announced on 11 May 20261, Elevra entered into an agreement with Huayou for the sale of all of Elevra’s rights and interests in the Ewoyaa Project, including its associated offtake rights, for cash consideration of approximately US$71 million before fees and taxes.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againCompletion of the transaction remains subject to receipt of the required Ghanaian Government approvals. Huayou continues to progress the approvals process with the relevant Ghanaian authorities, with Elevra working constructively with Huayou to facilitate completion.Under the current terms of the agreement with Huayou, if the relevant Ghanaian Government approvals have not been obtained by 30 October 2026, Huayou will have an election to either complete the transaction (and pay the cash consideration of approximately US$71 million) or terminate the transaction and pay Elevra a US$5 million break fee. In circumstances where the Ghanaian Government rejects Huayou’s application on or before 30 October 2026, then no break fee shall be payable to Elevra.Separately, Huayou continues to progress its proposed acquisition of Atlantic Lithium2 which holds the remaining private-sector interest in the Ewoyaa Project. Atlantic Lithium has announced that Huayou has received approval from Australia’s Foreign Investment Review Board (“FIRB”) for the proposed acquisition by way of Scheme of Arrangement3 (“Scheme”).This advertisement has not loaded yet, but your article continues below.The receipt of FIRB approval represents further progress in Huayou’s proposed acquisition of Atlantic Lithium. The Scheme remains subject to the satisfaction or waiver of its remaining conditions, including applicable shareholder, court and regulatory approvals.As previously announced, Huayou’s proposed acquisition of Elevra’s interests in the Ewoyaa Project is separate from, and is not conditional upon, completion of Huayou’s proposed acquisition of Atlantic Lithium.Elevra will provide a further update when there is a material development in relation to the Ghanaian Government approval process or completion of the transaction.Elevra’s Managing Director and Chief Executive Officer, Mr. Lucas Dow, said: “Huayou continues to progress the Ghanaian Government approval process required to complete the acquisition of Elevra’s interests in the Ewoyaa Project.“The receipt of FIRB approval for Huayou’s separate proposed acquisition of Atlantic Lithium represents further progress in Huayou’s broader proposed investment in the Ewoyaa Project. We continue to work constructively with Huayou towards completion of Elevra’s transaction.”This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Announcement authorised for release by Elevra’s Managing Director and Chief Executive Officer.Elevra Lithium Limited is a North American lithium producer (ASX:ELV; NASDAQ:ELVR) with projects in Québec, Canada, United States, and a joint venture in Western Australia.Elevra’s assets comprise North American Lithium (100%), a 60% stake in the Moblan Lithium Project in Central Québec and the Carolina Lithium Project (100%) in the United States.For more information, please visit us at www.elevra.comFor more information, please contact:Andrew BarberInvestor RelationsPH: +617 3369 7058___________________________________1 See ASX announcement dated 11 May 2026, “Elevra enters agreement to sell Ewoyaa Project Interest”.2 Atlantic Lithium Limited ASX announcement dated 7 May 2026, “Binding Scheme Implementation Deed with Huayou”.3 Atlantic Lithium Limited ASX announcement dated 17 September 2026, “Scheme Update – FIRB Approval received for acquisition of A11”.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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