Elevra Lithium Announces Agreement to Sell Ewoyaa Project Interest
The sale removes Elevra’s funding obligations for Ewoyaa and gives the company financial flexibility to advance other growth projects, the company said.
- On Monday, May 11, 2026, Elevra Lithium Limited announced an agreement to sell its interest in the Ewoyaa Lithium Project in Ghana to Zhejiang Huayou Cobalt for US$71 million.
- Elevra Chief Executive Officer and Managing Director Lucas Dow said the sale removes onerous development funding obligations and simplifies the portfolio by eliminating structural complexities associated with Ewoyaa.
- The Company holds 100% interests in North American Lithium and Carolina Lithium, alongside a 60% stake in the Moblan Lithium Project, with sale proceeds supporting these growth initiatives.
- Subject to Ghanaian regulatory approvals, the transaction is expected to close by the end of Q1FY27, with BMO Capital Markets serving as financial advisor.
- Huayou's acquisition of Elevra's interests is not contingent on its separate agreement with Atlantic Lithium Limited, which involves a US$210 million scheme of arrangement.
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Elevra Lithium to divest Ewoyaa project stake to Huayou Cobalt for$71M
Elevra Lithium Limited (ELVR) has signed an agreement to sell its interest in the Ewoyaa Lithium Project in Ghana to Zhejiang Huayou Cobalt Co, Ltd. for about $71 million, expected to close in the first quarter of fiscal year 2027. The deal includes the
Elevra Lithium Announces Agreement to Sell Ewoyaa Project Interest - Elevra Lithium (NASDAQ:ELVR), Elevra
BRISBANE, Australia, May 11, 2026 (GLOBE NEWSWIRE) -- North American lithium producer Elevra Lithium Limited ("Elevra" or "Company") ((ASX:ELV, NASDAQ:ELVR) is pleased to announce that it has entered into an agreement to sell its interest in the Ewoyaa Lithium Project ("Ewoyaa Project") in Ghana to Zhejiang Huayou Cobalt Co, Ltd. ("Huayou"). Upon closing of the transaction, expected in Q1FY27, Elevra will receive approximately US$71 million (bef…
Elevra Lithium Rises After US$71m Huayou Deal
Elevra Lithium Rises After US$71m Huayou Deal Elevra Lithium (ASX:ELV) is walking away from Africa. The company has agreed to sell its interest in Ghana’s Ewoyaa Lithium Project to China’s Zhejiang Huayou Cobalt for around US$71 million (before fees and taxes), or approximately A$98 million, in cash. Shares finished the day 1.7% higher at A$13.74 as the market warmed to a much simpler story. The deal is expected to close early in FY27, subject t…
Huayou to Acquire Elevra Stake in Ghana Lithium Project
NewsGhana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/huayou-to-acquire-elevra-stake-in-ghana-lithium-project/Atlantic Lithium Limited has consented to the transfer of Elevra Lithium Limited’s entire stake in Ghana’s Ewoyaa Lithium Project to Chinese battery materials giant Zhejiang Huayou Cobalt Co., Limited, in a move the company says provides a clear development pathway for what is expected to beco…
Elevra Lithium agrees to sell Ewoyaa Lithium Project to China's Zhejiang Huayou Cobalt Co
Elevra has sold its Ewoyaa Project interest for US$71 million in cash. Proceeds will fund growth, focus on North American assets. Transaction to be completed by the end of Q1FY27. Elevra Lithium (ASX:ELV) has signed a definitive agreement to divest from the Ewoyaa Lithium Project in Ghana, selling its interest to China’s Zhejiang Huayou Cobalt Co. for around $US$71 million in pre-tax cash. Listen to the HotCopper podcast for in-depth discussions…
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