Exhibit 99.2
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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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Announcement Summary
Entity name
ELEVRA LITHIUM LIMITED
Date of this announcement
Monday August 03, 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
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ASX +security
code
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Security description
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Total number of
+securities to be issued/transferred
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Issue date
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||
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New class - code to be confirmed
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Convertible Notes
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65,000,000
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31/07/2026
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Refer to next page for full details of the announcement
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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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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.
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1.2 Registered number type
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Registration number
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| ABN | 26091951978 |
1.3 ASX issuer code
ELV
1.4 The announcement is
New announcement
1.5 Date of this announcement
3/8/2026
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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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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:
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Announcement Date and
Time
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Announcement Title
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Selected Appendix 3B to submit quotation
request
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12-May-2026 16:09
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New - Proposed issue of securities - ELV
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A placement or other type of issue
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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?
Yes
2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B
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Issue of the Conditional Tranche comprising 80,000,000 Convertible Notes. The issue of the Conditional Tranche is subject to the satisfaction (or waiver) of the relevant conditions precedent on or before 30 June 2028,
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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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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
31/7/2026
Any other information the entity wishes to provide about the +securities the subject of this notification
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N/A
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Issue details
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Number of +securities
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65,000,000
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Were the +securities issued for a cash consideration?
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Yes
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In what currency was the cash consideration being paid?
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What was the issue price per +security?
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CAD - Canadian Dollar
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CAD 1.00000000
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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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Part 3C - number and type of +securities the subject of this notification (new class)
| ASX +security code |
+Security description | |||
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New class - code to be confirmed
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Convertible Notes
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+Security type
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ISIN code
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+Convertible debt securities
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Date the +securities the subject of this notification were issued
31/7/2026
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?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued
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https://announcements.asx.com.au/asxpdf/20260612/pdf/070k6pzzp12fcx.pdf
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+Convertible debt securities Details
Type of +security
Convertible note or bond
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+Security currency
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Face value
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Interest rate type
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CAD - Canadian Dollar
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CAD 65,000,000.00000000
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Floating rate
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Frequency of coupon/interest payments per year
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First interest payment date
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Semi-annual
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31/1/2027
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Does the interest rate include a reference rate, base rate or market rate (e.g. BBSW or CPI)?
Yes
What is the reference rate, base rate or market rate?
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CORRA (floored at zero) + 225 bps margin per annum, accrued daily and payable in cash semi-annually in arrears on the principal amount of the Convertible Notes outstanding. CORRA is a base rate.
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Does the interest rate include a margin above the reference rate, base rate or market rate?
Yes
What is the margin above the reference rate, base rate or market rate (expressed as a percent per annum)?
2.25 %
s128F of the Income Tax Assessment Act status applicable to the +security
s128F exemption status unknown
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Is the +security perpetual (i.e. no maturity)?
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Maturity date
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No
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31/7/2031
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Select other feature(s) applicable to the +security
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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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Convertible
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Is there a first trigger date on which a right of conversion, redemption, call
or put can be exercised (whichever is first)?
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If yes, what is the first trigger date?
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Yes
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31/7/203
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Details of the existing class of +security that will be issued if the securities are converted, transformed or exchanged
ELV : ORDINARY FULLY PAID
Any other information the entity wishes to provide about the +securities the subject of this notification
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The issue of this Tranche 1 of the Convertible Notes was approved by the Company’s shareholders at an Extraordinary General Meeting of the Company on 16 July 2026 - see results of meeting: https://announcements.asx.com.au/asxpdf/202 60716/pdf/071s03w5svf1bd.pdf
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Issue details
Number of +securities
65,000,000
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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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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
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ELV : ORDINARY FULLY PAID
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194,016,029
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4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)
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Total number of
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ASX +security code and description
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+securities on issue
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ELVAM : PERFORMANCE RIGHTS
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2,459,812
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ELVAB : OPTION EXPIRING 12-MAY-2029 EX $18.30
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56,678
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ELVAN : OPTION EXPIRING 31-DEC-2028 EX $4.80
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8,000,000
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New class - code to be confirmed : Convertible Notes
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65,000,000
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