# Elevra Lithium Announces NAL Expansion Pre-Feasibility Study Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/elevra-lithium-announces-nal-expansion-pre-feasibility-study--19952093-d30b-4a16-888c-18cbb2915725 Original source: https://www.globenewswire.com/news-release/2026/09/08/3358137/0/en/elevra-lithium-announces-nal-expansion-pre-feasibility-study.html Publisher: globenewswire Original announcement: 2026-09-08T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Elevra Lithium Limited - Ticker: ELV - Exchange: Unavailable - Region: Québec, Canada - Primary commodity: Lithium - Secondary commodities: Iron ore - Document categories: Resource update, Metallurgy, Production - Extracted: 2026-09-08 22:32:42 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Elevra Lithium announced a Pre-Feasibility Study \(PFS\) for the North American Lithium \(NAL\) Expansion in Québec, confirming it as a high-value growth project. The PFS projects a post-tax NPV \(8%\) of C$3,218M and an IRR of 50%, with average annual spodumene concentrate production increasing to 373 ktpa and LOM C1 costs reducing to C$851/t post-expansion. The expansion is fully funded and underpinned by existing Ore Reserves, though the resource and reserve estimates themselves are re-releases from an August 2026 annual report. Reasoning: The Pre-Feasibility Study confirms robust economics for the NAL Expansion, projecting increased production and reduced costs, supported by JORC/NI43-101 compliant resource and reserve estimates, although these estimates are re-releases of prior data. - Positive factor: Strong project economics \(NPV, IRR\) - Positive factor: Significant increase in annual production - Positive factor: Reduction in unit operating costs - Positive factor: Expansion is fully funded - Positive factor: PFS level study provides detailed metrics - Positive factor: Metallurgical recovery improvement noted - Positive factor: Resource and reserve estimates are JORC/NI43-101 compliant - Negative factor: Resource and reserve estimates are re-releases of prior data, not new - Negative factor: PFS is a lower confidence level than a Feasibility Study - Negative factor: Project economics are sensitive to commodity prices and exchange rates Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 11 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document announces the results of a Pre-Feasibility Study which includes updated Mineral Resource and Ore Reserve estimates. Evidence · text > Elevra Lithium Announces NAL Expansion Pre-Feasibility Study **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: The document explicitly states that the resource and reserve estimates were prepared to support a Pre-Feasibility Study. Evidence · text > results of a Pre-Feasibility Study \("PFS"\) for the staged North American Lithium \("NAL"\) Brownfield Expansion **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The company confirms that the resource and reserve tables are compliant with ASX/JORC requirements. Evidence · text > The company can confirm that the Resource and Reserve tables reproduced in this ASX release and the NI43-101 report are compliant with both ASX/JORC requirements **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The company confirms that the resource and reserve tables are compliant with NI43-101 reporting requirements. Evidence · text > The company can confirm that the Resource and Reserve tables reproduced in this ASX release and the NI43-101 report are compliant with both ASX/JORC requirements and those related to NI43-101 reporting. **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The Mineral Resource and Ore Reserve estimates were prepared by Competent Persons in accordance with the 2012 JORC Code. Evidence · text > The Mineral Resource and Ore Reserve estimates were prepared by Competent Persons in accordance with the 2012 JORC Code. **Historical Estimate Only** Polarity: negative Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling. Why it applies: The Mineral Resources and Ore Reserves are explicitly stated as being extracted from a prior annual report dated August 28th, 2026, and are not being reported for the first time. Evidence · text > The information on Mineral Resources and Ore Reserves is extracted from the announcement entitled “2026 Annual Report” published on the ASX on August 28th, 2026 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The resource and reserve tables clearly state the cut-off grades used for each classification. Evidence · table > 0.60 Context: Indicated **Recovery Improving** Polarity: positive Definition: Recovery improved versus a like-for-like prior test program on the same domain and route. Why it applies: The average metallurgical recovery for the expansion case \(71.2%\) is higher than the base case \(69.2%\), indicating an improvement. Evidence · text > The average metallurgical recovery over the LOM is 71.2% for the expansion and 69.2% for the base case due to improvement in the flowsheet **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: The processing operation includes grinding, magnetic separation, and flotation circuits, indicating a mill-based processing route. Evidence · text > The spodumene processing plant including grinding, desliming, magnetic separation, flotation and dewatering circuits **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 11. Some facts used in scoring do not have a stored record. ## Resource Estimates (9) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/elevra-lithium-announces-nal-expansion-pre-feasibility-study--19952093-d30b-4a16-888c-18cbb2915725#fact-resource-facts-0) North American Lithium · lithium Historical result Needs review: historical\_restatement #### Identity - Project: North American Lithium - Commodity: lithium - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: ELV #### Resource Data - Category: indicated - Tonnes: 74400000 - Grade: 1.17 - Grade Unit: % - Cutoff Grade: 0.6 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-08-28T00:00:00.000Z #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This Indicated resource provides a solid foundation for the project, but its re-release means it offers low novelty. - Positive factor: Indicated category provides reasonable geological confidence - Positive factor: Grade of 1.17% Li2O is strong for a lithium resource - Negative factor: Estimate is a re-release of historical data, not new information Evidence · table > 74.4 Context: Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/elevra-lithium-announces-nal-expansion-pre-feasibility-study--19952093-d30b-4a16-888c-18cbb2915725#fact-resource-facts-1) North American Lithium · lithium Historical result Needs review: historical\_restatement #### Identity - Project: North American Lithium - Commodity: lithium - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: ELV #### Resource Data - Category: inferred - Tonnes: 8600000 - Grade: 1.13 - Grade Unit: % - Cutoff Grade: 0.6 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-08-28T00:00:00.000Z #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This Inferred resource adds to the overall potential but carries lower confidence and is a re-release. - Positive factor: Grade of 1.13% Li2O is strong for a lithium resource - Negative factor: Inferred category has limited geological confidence - Negative factor: Estimate is a re-release of historical data, not new information Evidence · table > 8.6 Context: Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/elevra-lithium-announces-nal-expansion-pre-feasibility-study--19952093-d30b-4a16-888c-18cbb2915725#fact-resource-facts-2) North American Lithium · lithium Historical result Needs review: historical\_restatement #### Identity - Project: North American Lithium - Commodity: lithium - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: ELV #### Resource Data - Category: inferred - Tonnes: 10300000 - Grade: 1.01 - Grade Unit: % - Cutoff Grade: 0.7 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-08-28T00:00:00.000Z #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This Inferred underground resource contributes to the total but has lower confidence and is a re-release. - Positive factor: Grade of 1.01% Li2O is moderate for a lithium resource - Negative factor: Inferred category has limited geological confidence - Negative factor: Estimate is a re-release of historical data, not new information Evidence · table > 10.3 Context: Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/elevra-lithium-announces-nal-expansion-pre-feasibility-study--19952093-d30b-4a16-888c-18cbb2915725#fact-resource-facts-3) North American Lithium · lithium Historical result Needs review: historical\_restatement #### Identity - Project: North American Lithium - Commodity: lithium - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: ELV #### Resource Data - Category: proven - Tonnes: 200000 - Grade: 0.93 - Grade Unit: % - Cutoff Grade: 0.6 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-08-28T00:00:00.000Z #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The Proven reserve provides high confidence but is a re-release and represents a small portion of the total. - Positive factor: Proven category represents highest confidence in reserves - Positive factor: Grade of 0.93% Li2O is moderate for a lithium reserve - Negative factor: Estimate is a re-release of historical data, not new information - Negative factor: Relatively small tonnage for Proven reserves Evidence · table > 0.2 Context: Proved Ore Reserves #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/elevra-lithium-announces-nal-expansion-pre-feasibility-study--19952093-d30b-4a16-888c-18cbb2915725#fact-resource-facts-4) North American Lithium · iron\_ore Historical result Needs review: historical\_restatement #### Identity - Project: North American Lithium - Commodity: iron\_ore - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: ELV #### Resource Data - Category: proven - Tonnes: 200000 - Grade: 1.48 - Grade Unit: % - Cutoff Grade: 0.6 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-08-28T00:00:00.000Z #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: Iron grade is reported as a byproduct in the Proven reserve, but it's a re-release. - Positive factor: Proven category provides high confidence for this byproduct - Negative factor: Estimate is a re-release of historical data, not new information - Negative factor: Iron is a byproduct, not the primary focus Evidence · table > 1.48 Context: Proved Ore Reserves #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/elevra-lithium-announces-nal-expansion-pre-feasibility-study--19952093-d30b-4a16-888c-18cbb2915725#fact-resource-facts-5) North American Lithium · lithium Historical result Needs review: historical\_restatement #### Identity - Project: North American Lithium - Commodity: lithium - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: ELV #### Resource Data - Category: probable - Tonnes: 47000000 - Grade: 1.12 - Grade Unit: % - Cutoff Grade: 0.6 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-08-28T00:00:00.000Z #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The Probable reserve forms the bulk of the project's economic foundation, but its re-release limits novelty. - Positive factor: Probable category provides good confidence for economic viability - Positive factor: Grade of 1.12% Li2O is strong for a lithium reserve - Positive factor: Significant tonnage in Probable category - Negative factor: Estimate is a re-release of historical data, not new information Evidence · table > 47.0 Context: Probable Ore Reserves #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/elevra-lithium-announces-nal-expansion-pre-feasibility-study--19952093-d30b-4a16-888c-18cbb2915725#fact-resource-facts-6) North American Lithium · iron\_ore Historical result Needs review: historical\_restatement #### Identity - Project: North American Lithium - Commodity: iron\_ore - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: ELV #### Resource Data - Category: probable - Tonnes: 47000000 - Grade: 0.81 - Grade Unit: % - Cutoff Grade: 0.6 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-08-28T00:00:00.000Z #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: Iron grade is reported as a byproduct in the Probable reserve, but it's a re-release. - Positive factor: Probable category provides good confidence for this byproduct - Negative factor: Estimate is a re-release of historical data, not new information - Negative factor: Iron is a byproduct, not the primary focus Evidence · table > 0.81 Context: Probable Ore Reserves #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/elevra-lithium-announces-nal-expansion-pre-feasibility-study--19952093-d30b-4a16-888c-18cbb2915725#fact-resource-facts-9) North American Lithium · lithium #### Identity - Project: North American Lithium - Commodity: lithium - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: ELV #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The PFS projects a substantial increase in annual spodumene production and an improved feed grade over a long mine life, indicating strong operational potential. - Positive factor: Significant increase in average annual production post-expansion - Positive factor: Improved average feed grade - Positive factor: Long life of mine Evidence · table > 373 Context: Average Annual 5.4% Li 2 O Production \(post expansion\) #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### Fact 9 [Link to this fact](https://atlas-staging.minestarters.com/news/elevra-lithium-announces-nal-expansion-pre-feasibility-study--19952093-d30b-4a16-888c-18cbb2915725#fact-resource-facts-10) North American Lithium · lithium #### Identity - Project: North American Lithium - Commodity: lithium - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: ELV #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The PFS outlines a robust production profile with a long mine life and improved feed grade, underpinning the project's economic viability. - Positive factor: Long life of mine - Positive factor: Improved average feed grade - Positive factor: Significant total ore processed Evidence · table > 20 Context: Life of mine \(from FY27\) #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## Metallurgical Results (2) ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/elevra-lithium-announces-nal-expansion-pre-feasibility-study--19952093-d30b-4a16-888c-18cbb2915725#fact-metallurgical-facts-7) North American Lithium · lithium #### Identity - Project: North American Lithium - Commodity: lithium - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: ELV #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: flotation - Sample: LOM average for expansion case #### Recovery - Recovery: 71.2 % - Recovery Basis: unspecified #### Reagents - Reagent Notes: improvement in the flowsheet attributable to wet high-intensity magnetic separator \(WHIMS\) improvements #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The 71.2% LOM average recovery for the expansion case is a moderate result for lithium flotation and shows improvement, contributing positively to project economics. - Positive factor: Recovery is in the moderate range for lithium flotation - Positive factor: Represents an improvement over the base case - Positive factor: Attributed to specific flowsheet improvements \(WHIMS\) - Negative factor: Recovery basis is unspecified Evidence · text > The average metallurgical recovery over the LOM is 71.2% for the expansion #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/elevra-lithium-announces-nal-expansion-pre-feasibility-study--19952093-d30b-4a16-888c-18cbb2915725#fact-metallurgical-facts-8) North American Lithium · lithium #### Identity - Project: North American Lithium - Commodity: lithium - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: ELV #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: flotation - Sample: LOM average for base case #### Recovery - Recovery: 69.2 % - Recovery Basis: unspecified #### Reagents - Reagent Notes: improvement in the flowsheet attributable to wet high-intensity magnetic separator \(WHIMS\) improvements #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The 69.2% LOM average recovery for the base case is a weak result for lithium flotation, but it serves as a baseline for improvement. - Negative factor: Recovery is in the weak range for lithium flotation - Negative factor: Recovery basis is unspecified Evidence · text > and 69.2% for the base case #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.