Element 25 Limited (AU:E25) has released an update.
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Element 25 Limited has announced the successful completion of its Share Purchase Plan (SPP), aimed at funding the expansion of the Butcherbird mine in Western Australia and supporting a high purity manganese project in Louisiana, USA. The plan raised $643,145 through 84 applications, with the new shares issued at $0.27 each, which will start trading on the ASX on July 4, 2024. This financial move is part of the company’s strategy to become a leading low-carbon battery materials manufacturer for the electric vehicle market.
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