Elevra Announces Agreement to Sell Ewoyaa Project Interest to Huayou

Published: May 11, 2026 07:00

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North American lithium producer Elevra Lithium Limited has announced that it will sell its entire interest in the Ewoyaa Lithium Project in Ghana to Zhejiang Huayou Cobalt Co Ltd. Under the agreement, the transaction is expected to close in the first quarter of fiscal year 2027, with Elevra receiving approximately US$71 million in cash (before fees and taxes). The sale includes all of its rights and interests in the project, as well as associated offtake rights. Meanwhile, Huayou also plans to acquire Atlantic Lithium Limited to gain full control of the project, although the two transactions are independent of each other. The transaction remains subject to regulatory approvals in Ghana.

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