Element 25 Limited (AU:E25) has released an update.
Element 25 Limited is exploring the possibility of restarting operations at its Butcherbird manganese facility in Western Australia, leveraging the recent surge in manganese prices due to market disruptions. The company has completed a share purchase plan, raising funds to support this potential restart and the expansion of its Butcherbird project, as well as the development of a high-purity manganese refinery in Louisiana, USA, in collaboration with major automakers. These strategic moves aim to capitalize on the current market conditions and align with Element 25’s growth plans in the battery materials sector.
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