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Immediately, we’re the most important working hard-rock lithium producer in North America and now we have the appropriate property to develop into a world chief.
We assembled a Board to help that ambition, bringing operational and monetary expertise, and deep data of the lithium sector. The Elevra Board displays the mixed strengths of each corporations to make sure continuity and to offer a brand new perspective.
Our administration workforce additionally represents a mixture of Piedmont and Sayona. This group brings collectively complementary capabilities and expertise throughout venture growth, mining operations, industrial technique, sustainability, company governance and industrial markets.
Most significantly, the Board and administration workforce share the frequent purpose of constructing a resilient lithium enterprise that creates long-term worth for you, our shareholders.
Now to the touch on a few of our key achievements.
Operationally, we delivered a powerful efficiency at North American Lithium with file manufacturing.
We set out targets for monetary 12 months 2025 for manufacturing, gross sales, unit working prices, and capital and exploration expenditure and I am happy to report that we delivered throughout the anticipated vary for each metric and noticed a 31% enhance in tonnes produced with a 9% discount in unit working prices.
Importantly, we additionally made important strides in enhancing our security and sustainability efficiency. The well-being of our staff, the communities the place we function, and the setting are essential to the success of our enterprise.
For the 12 months, we set bold security objectives for a discount in our Complete Recordable Harm Frequency Fee and security compliance. We carried out nicely towards these objectives and look to construct upon that success going ahead.
We additionally recorded a 14% discount in CO2 equal emissions for the 12 months regardless of the 31% enhance in tonnes produced. When evaluating to 2024, this implies we noticed a 33% lower in emissions per ton of LCE produced.
We have made appreciable investments into course of enhancements at NAL and the result’s that now we have a strong basis to construct upon as we proceed to optimise manufacturing and advance our development plans.
On the merger, we have been proud to see the transaction obtain overwhelming help from the shareholders of each Sayona and Piedmont.
Our mission was to create a North American lithium champion and our focus has turned from planning to execution.
As a Board, we seemed on the merger as a chance to overview our governance practices and take particular actions to enhance. We have applied many modifications, however I want to concentrate on a few probably the most notable.
First, we had a serious refresh of the Board and positioned an emphasis on rising the proportion of unbiased administrators and enhancing gender variety and illustration with the appointment of a feminine Chair. The Board at the moment stands at eight (8) members with a majority being unbiased, together with myself because the Chair.
We’ve a succession plan to scale back the dimensions of the Board to 6 (6) administrators whereas sustaining a minimal of 4 (4) unbiased administrators.
On remuneration, we refined the scorecard used to measure efficiency to make sure that outcomes have been measurable and more and more tied to the operational and monetary success of the enterprise, which must also align with elevated shareholder worth. Remuneration is now totally performance-based, independently benchmarked and transparently disclosed.
We have additionally transitioned to a extra mature firm the place our governance framework is totally aligned with ASX Ideas.
Whereas I am happy with the progress now we have made, there’s nonetheless work to be executed.
One particular space is sustainability. We have embedded sustainability metrics into our remuneration framework and we’re seeing success, however our concentrate on sustainability and reporting stays a precedence.
In 2026, we plan to face up an ESG Committee and report below In direction of Sustainable Mining and Worldwide Monetary Reporting Requirements frameworks.
As we glance forward, the chance in entrance of Elevra is important. The world wants extra dependable, sustainable sources of lithium, and our property, workforce, and technique place us in a powerful place to satisfy that problem.
Dawne Hickton, the Chair of Elevra Lithium Restricted
*To view the AGM Presentation, please go to:
https://abnnewswire.web/lnk/4U0BYEI0
About Elevra Lithium Restricted:
Elevra Lithium Restricted is a North American lithium producer (ASX:ELV) (NASDAQ:ELVR) OTCMKTS:SYAXF) with tasks in Quebec, Canada, United States, Ghana and Western Australia. In Quebec, Elevra’s property comprise North American Lithium (100%) and a 60% stake within the Moblan Lithium Undertaking in Northern Quebec. In the US, Elevra has the Carolina Lithium venture (100%) and in Ghana the Ewoyaa Lithium venture (22.5%) in three way partnership with Atlantic Lithium. In Western Australia, the Firm holds a big tenement portfolio within the Pilbara area potential for gold and lithium.
Supply:
Elevra Lithium Restricted
Contact:
Andrew Barber
Investor Relations
PH: +61 7 3369 7058
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