Elevra Lithium (SYA) Investor presentation summary

Strategic financing and growth initiatives

• Raised A$275M in equity and A$146M in convertible notes to fully fund accelerated expansion at North American Lithium (NAL) and advance Moblan pre-development to FID, enhancing liquidity and growth flexibility.

• Canada Growth Fund (CGF) is a strategic partner, investing C$145M via convertible notes, demonstrating strong Canadian stakeholder support and providing further investment potential for Moblan.

• Funding supports Stages 1–3 of NAL expansion, enabling a 74% increase in production capacity and a 21% reduction in unit costs, with NPV uplift of US$718M post-expansion.

• Proceeds also fund key Moblan technical and permitting workstreams, with clear milestones to FID and a fortified balance sheet for future growth.

• Sale of Ewoyaa project interest adds US$71M to be directed toward North American growth projects.

Capital structure and offer details

• Placement is fully underwritten, issuing 22.5M new shares at A$12.20 each (11.2% discount to last close), with a non-underwritten SPP targeting up to A$20M.

• Pro forma net cash position post-financing is approximately A$443M, supporting growth initiatives and providing additional liquidity.

• Convertible notes have a 5-year maturity, CORRA +225bps coupon, and conversion price at a premium to the offer price, with tranches subject to shareholder approval and project milestones.

• Strategic financing timetable includes key dates in May–July 2026 for placement, SPP, and EGM for note approval.

Operational and strategic highlights

• NAL is North America's leading hard-rock lithium producer, with Q3 FY26 production of 47,332 tonnes and revenue of US$81M.

• Expansion leverages existing infrastructure, permitting, and operational experience, enabling rapid, low-risk scale-up and improved cost structure.

• Growth strategy focuses on optimizing current operations, developing assets with expanded resource base, and integrating into the supply chain via strategic partnerships.

• Board and management team structured to support growth, with experienced leadership across operations, finance, and sustainability.