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Element 25 Limited (ASX:E25)

ALERT: Price-sensitive ASX Announcement for E25
Current share price for E25 : $0.235 -0.02 (-7.84%)+
Announcement
Release
28 Jul 2026 8:39AM
Price at Release
$0.255
Full Release
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Summary
Element 25 Limited is advancing its Butcherbird Manganese Project in Western Australia, targeting an increased production capacity of 1.1 million tonnes per annum by Q1 2027. During the June 2026 quarter, significant progress was made with the arrival of a logwasher from Germany and the appointment of ReGroup Australia for mining and haulage contracts. The company is also reviewing its High Purity Manganese Sulphate Monohydrate (HPMSM) Project Execution Plan in response to evolving market conditions, backed by a US$166 million grant from the U.S. Department of Energy for its Louisiana project. Financially, Element 25 raised AU$18 million and reported net cash from financing activities of $17,018,000 and negative net cash from operating activities of $1,368,000. Payments to related parties during the quarter amounted to $140,000.
Key Points
  • Element 25 progressing the Butcherbird Expansion Project in Western Australia.
  • Targeting 1.1 Mtpa manganese concentrate production by Q1 2027.
  • Logwasher for the project has arrived from Germany.
  • ReGroup Australia appointed for mining and haulage contracts.
  • HPMSM Project Execution Plan under review to optimize strategy.
  • U.S. DoE agreed to fund E25’s Louisiana HPMSM Project with US$166 million grant.
  • Capital raising of AU$18 million completed in April 2026.
  • Payments to related parties totaled $140,000 for the quarter.
  • Net cash from operating activities for the quarter was negative $1,368,000.
  • Net cash from financing activities for the quarter was $17,018,000.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.