Element 25 Limited (ASX: $E25) March 2024 Quarterly Report Highlights

Element 25 Limited (E25, ASX: $E25) has made significant progress in its Butcherbird Manganese Operations in Western Australia and the development of Battery Grade High Purity Manganese (HPMSM) facility in Louisiana, USA. The company has commenced detailed design, planning, and procurement for the Stage 2 Expansion Project at Butcherbird to increase manganese ore production to 1.1 million tonnes per annum. Additionally, E25 is advancing engineering development, permitting, logistics, and project financing for the HPMSM facility in the USA.

Executive Commentary on Expansion and Development Progress

The company is pleased to report the advancement in the Butcherbird Expansion Project and the HPMSM facility development. These initiatives align with our strategic goals and demonstrate our commitment to becoming a leading, low-carbon battery materials manufacturer. We are dedicated to achieving strong economic returns and rapid capital payback as evidenced by the robust feasibility study for the Butcherbird expansion. The progress in engineering development, permitting, and financing for the HPMSM facility signifies our determination to establish a strong presence in the EV battery manufacturing market.

Summary of Quarterly Report and Outlook

Element 25's progress in the Butcherbird Expansion Project and the HPMSM facility development reflects the company's ambitions to expand its manganese operations and establish a foothold in the EV battery manufacturing sector. The company's focus on detailed design, planning, and procurement for the Butcherbird expansion, along with the successful completion of the air permit public meeting for the HPMSM facility, indicates a positive outlook for future production and operations. Element 25's efforts to secure project financing and explore funding options, including government-sponsored programs, demonstrate a proactive approach to support its corporate strategy and growth plans. The company's commitment to sustainability and innovation positions it well for future success in the battery materials market.