Elevra Lithium Ltd
ELVR, SYAXF · Mining & Quarrying of Nonmetallic Minerals (No Fuels) · EDGAR filings ↗
Grade
D45Development-stage lithium miner with one producing asset, deep losses and a weak lithium-price backdrop.
Strengths
- Cash runway ~8.4 quarters (80th pct) and low D/E 0.16; NAL production up to 204,858 dmt
- Recently merged with Piedmont to build an integrated North American lithium portfolio
Risks
- Net margin -171%, ROE -80% (11th pct), ROIC -55% (7th pct) and operating margin -172%
- Mostly development-stage assets, reliance on equity raises/prepayment financing, lithium price weakness
Notable findings
- No interest coverageInterest coverage -78.73 (cannot cover interest)
- Net lossNet loss (net margin -165.9%)
- Cash burnNegative free cash flow (-22.5M)
- Revenue declineRevenue -11.2% YoY
Key metrics
Operating margin
-167.0%
Net margin
-165.9%
Return on equity
-80.3%
Return on assets
-58.5%
ROIC
-54.9%
Revenue growth (QoQ)
-11.2%
Debt / equity
0.2×
Interest coverage
-78.7×
Current ratio
1.4×
Free cash flow
-$23M
Tangible book value
$311M
Cash & investments
$47M
Cash runway
8q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2025-10-31 | 2025-06-30 | 0001140361-25-040022 ↗ |