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OM Holdings Limited (ASX:OMH)

ALERT: Price-sensitive ASX Announcement for OMH
Current share price for OMH : $0.210 -0.015 (-6.67%)+
Announcement
Release
4 Aug 2026 8:17AM
Price at Release
$0.225
Full Release
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Summary
OM Holdings Limited, through its subsidiary OM Materials (S) Pte Ltd, has signed a significant long-term binding offtake agreement with Element 25 Limited for 100% of manganese concentrate produced at Element 25’s Butcherbird Mine in Western Australia. The agreement, which includes provisions for high purity manganese sulphate (HPMSM) production, ensures a reliable sales channel and pricing aligned with global manganese benchmarks. It spans an initial five-year term with a potential extension and includes various structured and payment arrangements. This deal strengthens Element 25's expansion plans to increase manganese concentrate production to 1.1 million tonnes annually, while providing OM Holdings with downstream industrial opportunities through its smelting operations in Malaysia.
Key Points
  • OM Holdings Limited's subsidiary, OM Materials (S) Pte Ltd, has entered a long-term binding offtake agreement with Element 25 Limited.
  • The agreement covers 100% of manganese concentrate produced at Element 25's Butcherbird Mine, with carve-outs for HPMSM production.
  • The initial term of the agreement is five years, with an option for a five-year extension.
  • Pricing is aligned with global manganese ore benchmarks and includes quality-based adjustments.
  • The agreement includes take-or-pay obligations and structured payment arrangements.
  • OM Holdings provides a downstream industrial customer base with its manganese smelting facilities in Malaysia.
  • Element 25's Butcherbird Project is targeting an expansion to produce 1.1 million tonnes per annum of manganese concentrate.
  • The agreement supports Element 25's plans to produce high purity manganese sulphate (HPMSM) for battery markets.
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.