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Element 25 Ltd (QX)

Element 25 Ltd (QX) (ELMTF)

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barnyarddog barnyarddog 8 months ago
Element 25โ€™s manganese destined for US in General Motors deal
1.1K views 5 months ago

Element 25 (ASX:E25) fly-through of proposed HPMSM Plant Model

barnyarddog barnyarddog 8 months ago
270 views Oct 26, 2023 #asx #GreenTech #OTCMarket

Element 25 Limited Managing Director Justin Brown joined Steve Darling from Proactive to share news the company has provided an update on the planned construction of the first North American commercial scale battery grade high purity manganese sulphate processing facility to produce key raw materials for electric vehicle battery manufacture in the USA.

Brown told Proactive the facility is targeting commissioning in 2025 to produce the first low carbon, ethically sourced HPMSM in the USA using the Companyโ€™s 100%-owned Butcherbird Manganese Project in Western Australia.

The Project is supported by key offake and funding agreements in place with General Motors and Stellantis which are contributing a combined 115 Million dollars in project funding through a combination of equity, pre-payment and senior debt alongside of take for approximately 65% of the planned HPMSM production from the first production train. Construction is expected to begin in first half of 2024.
barnyarddog barnyarddog 11 months ago
Element 25 To Supply GM With Manganese Sulfate For EV Battery Production

Jun 26, 2023
barnyarddog barnyarddog 11 months ago

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