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Element 25 Limited (ASX:E25)

ALERT: Price-sensitive ASX Announcement for E25
Current share price for E25 : $0.220 -0.025 (-10.20%)+
Announcement
Release
3 Aug 2026 9:05AM
Price at Release
$0.245
Full Release
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Summary
Element 25 Limited has announced the signing of a long-term binding offtake agreement with OM Materials for 100% of the manganese concentrate produced at its Butcherbird Mine in Western Australia. This agreement, which is a significant milestone for the company's Butcherbird Expansion Project, covers an initial term of five years with an option to extend for another five years. It includes take-or-pay obligations and a pricing mechanism linked to global manganese ore benchmarks. The agreement also supports Element 25's plans to produce high purity manganese sulphate (HPMSM) for battery production. The agreement is subject to customary conditions such as board approval and project financing.
Key Points
  • Element 25 signs a binding offtake agreement with OM Materials for 100% of manganese concentrate.
  • The agreement supports Element 25's Butcherbird Expansion Project, targeting 1.1Mtpa production.
  • The offtake contract ensures a five-year term with a possible five-year extension.
  • Pricing is linked to global manganese ore benchmarks with take-or-pay obligations.
  • The agreement supports plans to produce HPMSM for battery production.
  • Subject to board approval and project financing, including NAIF funding.
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.