From Financialpost · · 1m
Elevra Lithium Sells Ghana Project for $71m
Elevra Lithium completes $71m sale of Ghana lithium project to Chinese firm.
In brief
Elevra Lithium completes $71m sale of Ghana lithium project to Chinese firm. Elevra Lithium sold its Ewoyaa Project interest in Ghana to Zhejiang Huayou Cobalt for $71 million to focus on North American assets. Originally reported by Financialpost.
Elevra Completes Sale
Elevra Lithium Limited completed sale of all rights to Ewoyaa Lithium Project in Ghana to Zhejiang Huayou Cobalt Co. Ltd.
Sale Details
Sale closed on October 26, 2026, after Ghanaian government approvals and provided US$71 million before fees and taxes.
Project Includes
Sale includes all rights and spodumene concentrate offtake rights for Ewoyaa Project.
Funding Obligation Removed
Elevra no longer has any funding commitment to develop the Ewoyaa Project after sale.
Strategic Focus
Proceeds allow Elevra to sharpen focus on North American lithium assets and advance Moblan and other projects.
Huayou's Separate Plan
Huayou continues to pursue acquisition of Atlantic Lithium, which holds remaining private-sector interest in Ewoyaa Project.
What to remember
Elevra Lithium sold its Ewoyaa Project interest in Ghana to Zhejiang Huayou Cobalt for $71 million to focus on North American assets.
