Elevra Lithium agrees to sell its Ewoyaa project interest to Huayou Cobalt, bolstering lithium supply chain integration.
Elevra Lithium (ELVR) will divest its stake in the Ewoyaa Lithium Project in Ghana to Zhejiang Huayou Cobalt for $71 million. The deal is set to close in Q1 of fiscal 2027, pending standard conditions.
The transaction marks a strategic move for Huayou Cobalt to expand its lithium assets, aligning with rising demand for battery materials. Elevra Lithium has not disclosed prior offers or comparable sales for the project.
No immediate market reaction was reported following the announcement.