Element 25 Limited (AU:E25) has released an update.
Element 25 Limited has announced a share purchase plan to raise $5 million, offering eligible shareholders the chance to buy new shares at a 14% discount, with the goal of funding its Butcherbird Stage 2 Expansion Project and a high purity manganese project in Louisiana. The funds will support expansion activities at the Butcherbird mine and pre-commitment engineering for the US-based project, both of which are strategic moves to enhance the company’s battery-grade manganese production.
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