Elevra Lithium (ELVR) said Tuesday it has lowered its 2026 North American spodumene concentrate production estimate to between 180,000 and 190,000 dry metric tons, down from its previous estimate of 195,000 to 210,000.

The company also lowered its spodumene concentrate sales estimate for next year to between 170,000 to 190,000 dry metric tons, down from its previous guidance of 195,000 to 210,000

It also raised its projected unit per operating cost sold per dry to between $860 and $880 per dry metric ton, up from its previous projection of $765 to $830.

The company also said North American lithium revenue for the quarter ended Dec. 31 was $66 million, up from $20 million the previous quarter and a new quarterly record.

Shares of the company were down over 10% in recent premarket activity.

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