Element 25's Collaboration with Nissan Chemical Corporation for HPMSM Facility in Japan

Element 25 Limited (E25) (ASX: E25; OTCQX: ELMTF) has announced the entry into a non-binding Memorandum of Understanding (MOU) with Nissan Chemical Corporation (NC) and NC Tokyo Bay Corporation (NCTB) to conduct a Feasibility Study (FS) for a battery grade High Purity Manganese Sulphate Monohydrate (HPMSM) facility in Chiba prefecture, Japan. The collaboration aims to leverage the synergies of co-locating E25's low-emission technology and process at NCTB, utilizing existing industrial land and facilities to minimize ESG impact.

Executive Commentary on Collaboration and Synergies

Element 25 Managing Director Justin Brown expressed excitement about the collaboration, highlighting the significant synergies for both parties and the minimal ESG impact due to the unique flowsheet that virtually eliminates solid waste. Brown emphasized the historical trade ties and common goals between Japan and Australia, presenting the collaboration as an opportunity to strengthen these ties into the future.

Summary of Element 25's Collaboration and Outlook

Element 25 (E25) has entered a non-binding MOU with Nissan Chemical Corporation and NC Tokyo Bay Corporation to explore the feasibility of establishing a battery grade High Purity Manganese Sulphate Monohydrate (HPMSM) facility in Chiba prefecture, Japan. The collaboration aims to capitalize on the synergies of co-locating E25's low-emission technology at NCTB, leveraging existing infrastructure and minimizing environmental impact. With a targeted final investment decision (FID) date of September 2026, the collaboration outlines key steps including the completion of Scoping and Feasibility Studies, identification of potential engineering, procurement and construction (EPC) contracts, and finalization of offtake agreements. The proposed site offers unique opportunities for co-location, including access to essential utilities and infrastructure. The collaboration aligns with Japan's focus on manganese as a critical mineral for EV batteries, presenting an opportunity for increased demand for high purity manganese chemicals. This collaboration represents a significant step in Element 25's strategic plan to become a world-class, low-carbon battery materials manufacturer, expanding its footprint in the rapidly growing EV market.