Element 25 Limited (AU:E25) has released an update.
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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