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Element 25 Limited ( (AU:E25) ) has issued an update.
Element 25 Limited has received final regulatory approval for its Butcherbird Manganese Operations expansion in Western Australia, allowing the construction of a 1.1Mtpa manganese concentrate production facility. This expansion supports the company’s strategy to supply its planned HPMSM processing facility in Louisiana, USA, which has been bolstered by a US$166 million grant from the U.S. Department of Energy. The project aims to enhance domestic production of critical battery materials in the USA, with additional funding from partners General Motors and Stellantis.
More about Element 25 Limited
Element 25 Limited is an Australian company operating in the mining industry, primarily focused on manganese production. The company is expanding its Butcherbird Manganese Operations in Western Australia to produce manganese concentrate, which will serve as feedstock for its planned battery-grade high-purity manganese sulphate monohydrate (HPMSM) processing facility in Louisiana, USA. Element 25 also targets the manganese alloy and steel industries with its products.
YTD Price Performance: -11.54%
Average Trading Volume: 228,846
Technical Sentiment Signal: Buy
Current Market Cap: A$50.29M
For a thorough assessment of E25 stock, go to TipRanks’ Stock Analysis page.