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Element 25 Limited ( (AU:E25) ) has issued an announcement.
Element 25 Limited has secured a $50 million finance package from the Northern Australia Infrastructure Facility to expand its Butcherbird Manganese Project in Western Australia. This expansion will increase production capacity to 1.1 million tonnes per annum, supporting the company’s plans to supply manganese concentrate for battery production and other industries. The project is fully approved under Western Australia’s regulatory framework, and the company is exploring additional financing options to complete the project. The expansion is expected to significantly enhance Element 25’s market position as demand for manganese in battery production grows, driven by the global shift towards electrification and energy transition.
More about Element 25 Limited
Element 25 Limited is a company operating in the mining industry, focusing on manganese production. Its primary products include manganese concentrate, which is used as feedstock for battery-grade, high-purity manganese sulphate monohydrate processing. The company is expanding its operations in Western Australia’s Pilbara region and has plans to establish a processing facility in Louisiana, USA.
Average Trading Volume: 92,378
Technical Sentiment Signal: Sell
Current Market Cap: A$43.44M
Learn more about E25 stock on TipRanks’ Stock Analysis page.