ELEVRA LITHIUM LIMITED — Share Issue/Capital Change 2026

May 17, 2026

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Announcement Summary

Entity name
ELEVRA LITHIUM LIMITED

Date of this announcement
Monday May 18, 2026

The +securities the subject of this notification are:
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX
Total number of +securities to be issued/transferred

ASX +security code	Security description	Total number of +securities to be issued/transferred	Issue date
New class - code to be confirmed	Option Expiring 12 May 2029 - EX A$18.30	56,678	18/05/2026

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 1 - Entity and announcement details

1.1 Name of entity
ELEVRA LITHIUM LIMITED
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type
Registration number
ABN
26091951978

1.3 ASX issuer code
ELV

1.4 The announcement is
New announcement

1.5 Date of this announcement
18/5/2026

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and Time	Announcement Title	Selected Appendix 3B to submit quotation request
12-May-2026 13:36	New - Proposed issue of securities - ELV	A placement or other type of issue

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?
No

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description
new unquoted class of security

Date the +securities the subject of this notification were issued
18/5/2026

Any other information the entity wishes to provide about the +securities the subject of this notification
Refer to ASX announcement titled "Elevra Announces Purchase of Moblan Offtake Rights" dated 12 May 2026.

Issue details

Number of +securities
56,687

Were the +securities issued for a cash consideration?
No

Please describe the consideration being provided for the +securities
Nil consideration for the issue of the options. Options are exercisable at A$18.30 per option.

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 3C - number and type of +securities the subject of this notification (new class)

ASX +security code	+Security description
New class - code to be confirmed	Option Expiring 12 May 2029 - EX A$18.30
+Security type	ISIN code
---	---
Options

Date the +securities the subject of this notification were issued
18/5/2026

Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?
No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.
https://announcements.asx.com.au/asxpdf/20260512/pdf/06zhm2y7q9m03r.pdf

Options Details

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 18.30000000	12/5/2029

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option
ELV : ORDINARY FULLY PAID

Any other information the entity wishes to provide about the +securities the subject of this notification
No.

Issue details

Number of +securities
56,678

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

ASX +security code and description	Total number of +securities on issue
ELV : ORDINARY FULLY PAID	192,740,361

4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of +securities on issue
ELVAM : PERFORMANCE RIGHTS	2,708,166
ELVAN : OPTION EXPIRING 31-DEC-2028 EX $4.80	2,723,613
New class - code to be confirmed : Option Expiring 12 May 2029 - EX A$18.30	56,678

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities