An update from Element 25 Limited ( (AU:E25) ) is now available.
Element 25 Limited has received final regulatory approval from the Western Australian Department of Water and Environmental Regulation for its Butcherbird Expansion Project, allowing construction to commence on a facility to produce 1.1 million tonnes per annum of manganese concentrate. This approval marks a significant milestone for the company, enabling it to supply manganese for both the steel industry and its planned battery-grade processing facility in Louisiana. The project is expected to generate substantial cash flow and has received strong support, including a significant grant from the US Department of Energy.
More about Element 25 Limited
Element 25 Limited is an ASX-listed company that operates the 100%-owned Butcherbird Manganese Project in Western Australia. The company focuses on expanding production of medium-grade high silica manganese ore for traditional and new energy markets. Additionally, Element 25 is developing proprietary technology to produce battery-grade high-purity manganese sulphate monohydrate (HPMSM) for electric vehicle battery manufacturing, with plans to build a refinery in Louisiana, USA, in partnership with General Motors and Stellantis.
YTD Price Performance: -7.69%
Average Trading Volume: 239,940
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$54.87M
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