Element 25 (ASX: $E25) Investigates Butcherbird Restart Options Amid Record High Manganese Ore Prices

Element 25 Limited (E25) (ASX: E25; OTCQX: ELMTF) is exploring opportunities to recommence operations at the Butcherbird Manganese Project in Western Australia amidst the recent surge in manganese ore prices. The company is investigating the potential sale of stockpiles and recommencing processing of run-of-mine (ROM) stockpiles to capitalize on the current market conditions.

Executive Commentary on Butcherbird Restart Investigation

A potential restart of Butcherbird's processing operations at these increased manganese ore prices on a de-risked basis may be an ideal opportunity to monetise existing stockpiles and generate short-term cashflow. E25 looks forward to updating the market further as these investigations are completed and we will continue to monitor ore markets in the meantime to optimise any potential opportunities that may arise.

Summary of Element 25's Butcherbird Restart Investigation

Element 25 (ASX: $E25) is considering restarting operations at the Butcherbird Manganese Project in Western Australia due to the recent surge in manganese ore prices. The company aims to take advantage of the market conditions by potentially selling existing stockpiles and recommencing the processing of ROM stockpiles. If viable, these activities will occur in parallel with the expansion plans for the Butcherbird Project. Additionally, the company's strategy aligns with producing high-purity manganese sulphate monohydrate (HPMSM) at a facility planned to be built in Louisiana, USA, in partnership with global automakers General Motors LLC and Stellantis NV. The potential restart requires critical steps with respect to operational readiness and an assessment of re-start and production costs, and it is not guaranteed that this will be commercially feasible in the immediate term. However, E25's Board believes it is a unique opportunity that should be explored.