Resignation and Appointment of CFO
Brisbane, Oct 20, 2025 AEST (ABN Newswire) - North American lithium producer Elevra Lithium Limited (
ASX:ELV) (NASDAQ:ELVR) (SYAXD:OTCMKTS) announces the resignation of Mr. Dougal Elder as Chief Financial Officer and the appointment of Mr. Christian Cortes as Chief Financial Officer for the Company.
In accordance with Listing Rule 3.16, Elevra advises that Mr. Dougal Elder has resigned as the Company's Chief Financial Officer (CFO) and that the Company has appointed Mr. Christian Cortes as the Company's CFO with effect from 20 October 2025. Mr. Elder advised the Company of his decision to leave Elevra to pursue other opportunities.
Mr. Elder will remain with the Company for a period of three (3) months to facilitate the handover of duties to Mr. Cortes and to ensure business continuity during this period.
Elevra's Managing Director and Chief Executive Officer, Mr. Lucas Dow, thanked Dougal for his service, saying: "Dougal has made a valuable contribution to the Company during his time at Elevra. Dougal played a significant role in the successful merger of Sayona and Piedmont to create Elevra Lithium. He has contributed to strengthening our financial and commercial frameworks, positioning Elevra for long-term value creation. He has been a valued member of the Company's executive leadership team, and we wish him all the best in his future endeavours."
Mr. Christian Cortes was recently Arcadium Lithium's Chief Integration and Transformation Officer up to the time of Rio Tinto's business acquisition. Prior to that, Christian served as the Chief of Sales and Marketing and then as Chief Financial Officer of Allkem Limited prior to its merger with Livent Corporation. Christian brings twenty (20) years of international business experience in the professional services and resources industries. Christian began his career as a Chartered Accountant with PwC, working with public companies in audit and transaction support.
Commenting on the appointment of Mr. Christian Cortes as the Company's CFO, Mr. Lucas Dow said: "We are thrilled to welcome Christian to our team as the CFO for Elevra. Christian's proven track record and experience within the lithium sector will be invaluable as we continue to drive shareholder value. We are confident that his expertise will be instrumental in supporting Elevra's continued growth and success".
About Elevra Lithium Limited
Elevra Lithium Limited (ASX:ELV) (NASDAQ:ELVR) is North America's largest hard-rock lithium producer with a diversified portfolio of high-quality assets across Quebec Canada, the United States, Ghana and Western Australia.
Our flagship operation, the North American Lithium (NAL) mine in Quebec, Canada has successfully ramped up production of spodumene concentrate, supported by ongoing operational enhancements to increase recovery rates, throughput, and mill utilisation. Following a Mineral Resource upgrade, Elevra completed a Scoping Study for a brownfield expansion to increase NAL's annual spodumene concentrate production and reduce unit operating costs.
Complementing NAL, the Moblan Lithium Project in northern Quebec represents one of the largest undeveloped spodumene resources in North America, with a Mineral Resource of 121 Mt @ 1.19% Li2O.
Development activities are progressing with feasibility studies targeting a large-scale, long-life operation capable of supplying both domestic and international markets.
In Western Australia, Elevra holds an extensive portfolio of lithium and gold tenements, where exploration programs are advancing to unlock additional growth opportunities. Meanwhile, in the United States, our Carolina Lithium Project offers a strategic foothold in the downstream lithium chemicals market and our project in Ghana provides a further option for future growth.
Looking ahead, Elevra is focused on strategic downstream partnerships to enable further value-added lithium production, positioning the Company to deliver a secure, sustainable supply of critical minerals to global customers. Together, these assets establish Elevra as a growth-focused supplier supporting the global energy transition.
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