Initial testwork supports pathway to potential valuable caesium by/co-product alongside lithium and tantalum at the CV13 Pegmatite MONTREAL and SYDNEY, Oct. 8, 2025 /PRNewswire/ - Highlights Figure 1: Block flow diagram for pollucite recovery from the Vega Caesium Zone (CV13 Pegmatite) (CNW Group/PMET Resources Inc.) Figure 2: Simplified schematic of XRT ore sorting machine used to produce pollucite concentrate (courtesy TOMRA) (CNW Group/PMET Resources Inc.) Figure 3: Left - 20.0% Cs2O pollucite concentrat ...

Accessibility StatementSkip Navigation Testwork results progressing towards future valuable tantalite by/co-product potential arising with lithium production MONTREAL, Sept. 24, 2025 /PRNewswire/ - September 25, 2025 – Sydney, Australia Highlights Continue Reading Figure 1: Block flow diagram for tantalite recovery from the CV5 Pegmatite's underground master drill core composite (MC002). (CNW Group/PMET Resources Inc.) Figure 2: Tantalite concentrate from Mozley table testwork from CV5 drill core composite ...

Elevra Lithium (NasdaqCM:ELVR) Update Summary Company Overview - **Company Name**: Elevra Lithium Ltd - **Merger**: The merger between Sayona Mining and Piedmont Lithium is complete, resulting in the formation of Elevra, which aims to lead the North American hard rock lithium sector [1][2] Core Points and Arguments Merger Rationale - The merger was focused on creating a competitive business on a global scale rather than merely increasing size [2][3] - Benefits include a unified ownership structure, optimized logistics, and a stronger financial position to fund growth [3] Financial Position - Post-merger, Elevra has 168 million shares issued and a pro forma cash position of approximately $227 million as of June 30 [4][5] - The company is positioned as the number one pure play hard rock lithium producer in North America [3] Resource and Operational Performance - The updated 2025 JORC estimate shows 95 million tons at a grade of 1.15% and 49 million tons of reserves, representing a 124% increase in reserves since 2023 [8][9] - NAL's operational performance includes a 14% increase in ore mined and a 31% increase in concentrate production year-on-year [11] Growth Strategy - The growth strategy includes optimizing NAL, advancing brownfield expansions, and integrating supply chains with partnerships, particularly in Quebec [14][15] - The company plans to increase production to 315,000 tons per year with a capital investment of $270 million, resulting in a post-tax NPV of $950 million and an IRR above 26% [12][13] Market Demand and Offtake Agreements - The demand for lithium is projected to grow at a compound annual growth rate of 10% through 2030, driven by EV adoption and government mandates [15][16] - Elevra has secured offtake agreements with LG Chem for 200,000 tons and Tesla for 125,000 tons, with a focus on North American partnerships [16][50] Additional Important Content Governance and Leadership - The board is chaired by Dawne Hickton, with a diverse team possessing extensive operational and financial expertise [5][6] - The management team has practical experience in building and operating lithium mines, which is crucial for Elevra's growth [6] Synergies and Cost Savings - The merger is expected to yield over $15 million in annual savings through operational efficiencies [8] - The company emphasizes a disciplined approach to growth, ensuring that capital expenditures align with market cycles [12][15] Future Outlook - The company aims to maintain operational stability through market cycles, focusing on cost reduction and maximizing value during upswings [15] - The timeline for the NAL expansion includes permitting and construction phases, with a realistic roadmap set for completion by 2030 [12][26] Exploration and Development Projects - Elevra is considering monetizing other development projects while prioritizing the NAL brownfield expansion [35] - The Ewoyaa project remains a focus, but NAL is viewed as a stronger opportunity for immediate advancement [69] Environmental and Regulatory Considerations - The permitting process for greenfield projects in Quebec is expected to take a minimum of five years, emphasizing the importance of a methodical approach [67] This summary encapsulates the key points from the Elevra Lithium update, highlighting the company's strategic direction, operational performance, and market positioning in the lithium sector.

The Merger of Piedmont and Sayona Elevra Lithium SEPTEMBER 2025 ASX:SYA • NASDAQ:ELVR • OTCQB:SYAXF For personal use only Contents 01 Introduction ELEVRA LITHIUM For personal use only 2 02 Corporate Overview 03 Synergies & Progress 04 Resource Base & Operations 05 Growth Projects 06 Strategy & Market Outlook 07 Financials & Guidance 08 Appendix 01 Introduction For personal use only Recapping the Merger Strategic Rationale Unlocking synergies,strengthening our market position and delivering long term value S ...

Summary of Key Points from the Conference Call Industry Overview - The focus is on the **lithium industry in China**, particularly the impact of supply disruptions on lithium prices and earnings estimates for lithium companies [2][21][35]. Core Insights and Arguments 1. **Lithium Price Forecasts**: - Average spot prices for lithium carbonate in China are revised upwards by **3%/33%/20%** to **Rmb77k/100k/90k per ton** for 2025E/2026E/2027E, respectively [2][21]. - The expectation of further supply disruptions due to mining rights investigations is a key driver for this optimistic outlook [2][21]. 2. **Supply and Demand Dynamics**: - Global lithium supply is expected to decrease by **1%/5%** for 2025E/2026E, while a **2% increase** is anticipated for 2027E [2][21]. - The supply surplus is projected to be **8%/1%/3%** of demand for 2025E/2026E/2027E [2][21]. 3. **Capital Expenditure Trends**: - Capital expenditure (capex) for China's lithium producers is anticipated to slow down, with an average lithium carbonate price of **Rmb75.8k/t** by the end of Q1 2025 and **Rmb65.4k/t** in Q2 2025 [3][21]. - Year-on-year growth in lithium demand is outpacing supply, indicating a potential structural shift in the market [3][21]. 4. **Earnings Upgrades for Lithium Companies**: - Earnings for China's lithium companies are raised by **5-250%** for 2025-2027E, with specific upgrades for Tianqi and Ganfeng due to their high exposure to lithium [4][21]. - Price targets for Tianqi Lithium are increased from **Rmb29.20 to Rmb54.72**, and for Ganfeng A from **Rmb29.50 to Rmb49.62** [4][21]. 5. **Company Rankings**: - The preferred order of investment is **Tianqi > Ganfeng - A > QSLI > Ganfeng - H**, based on self-sufficiency and exposure to lithium business [5][21]. Additional Important Insights 1. **Self-Sufficiency and Production Growth**: - Ganfeng's self-sufficiency rate for lithium feedstock is expected to improve from **30% in 2025 to 50% in 2026** [35][47]. - The Greenbushes mine, controlled by Tianqi Lithium, is projected to ramp up production significantly in 2026 [21][35]. 2. **Market Sentiment and Price Targets**: - Current trading prices for Tianqi and Ganfeng suggest that the market is pricing in lower lithium prices than projected, indicating potential upside [21][30][40]. - The risk to current share prices is skewed to the upside, with Tianqi trading at **Rmb43.84** and Ganfeng A at **Rmb39.26** as of August 25 [26][40]. 3. **Scenarios for Future Price Movements**: - Upside scenarios predict lithium carbonate prices could reach **Rmb120k/t** in 2026 under strict mining rights enforcement, while downside scenarios estimate prices could drop to **Rmb70k/t** [21][27][29]. 4. **Inventory Trends**: - There is a noted decline in lithium carbonate inventory at producers, while downstream battery producers are increasing their inventory, indicating a potential restocking phase [17][19]. This summary encapsulates the critical insights from the conference call regarding the lithium industry, focusing on price forecasts, supply-demand dynamics, company performance, and market sentiment.