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Element 25 Limited ( (AU:E25) ) has provided an announcement.
Element 25 Limited has secured firm commitments for a $10 million share placement to fund the expansion of its Butcherbird Manganese Project in Western Australia. This expansion is part of a broader strategy to increase production capacity to 1.1 million tonnes per annum, supporting the company’s planned high-purity manganese sulphate monohydrate facility in Louisiana. The placement follows a $50 million senior debt facility from the Northern Australia Infrastructure Facility and a $166 million grant from the U.S. Department of Energy, highlighting strong financial backing and strategic partnerships with General Motors and Stellantis. The expansion is expected to enhance Element 25’s position in the manganese market, particularly in the context of a potential industry shift towards lithium manganese-rich battery chemistry.
The most recent analyst rating on (AU:E25) stock is a Buy with a A$1.63 price target. To see the full list of analyst forecasts on Element 25 Limited stock, see the AU:E25 Stock Forecast page.
More about Element 25 Limited
Element 25 Limited is a company operating in the mining industry, primarily focused on manganese production. Its key project is the Butcherbird Manganese Project in Western Australia, which is a significant manganese resource. The company is also planning to establish a high-purity manganese sulphate monohydrate production facility in Louisiana, USA, to cater to the growing demand for battery-grade materials.
Average Trading Volume: 181,992
Technical Sentiment Signal: Buy
Current Market Cap: A$76.59M
For detailed information about E25 stock, go to TipRanks’ Stock Analysis page.