Element 25 Limited (AU:E25) has released an update.
Element 25 Limited is set to advance its high-purity manganese project with a substantial US$166 million grant from the U.S. Department of Energy, complementing the existing US$115 million from partners GM and Stellantis. The funds are earmarked for constructing a pioneering Louisiana facility to produce manganese sulphate for lithium-ion batteries, positioning Element 25 as a key player in ethical and low-carbon battery material supply for the burgeoning electric vehicle market.
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