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Element 25 Ltd

Element 25 obtains funding to evaluate renewable energy sources for manganese production

Element 25 Ltd (ASX:E25) executive director Justin Brown updates Proactive Investors on the manganese developer’s recently obtained funding to demonstrate the viability of intermittent dynamic electrowinning technology.
 
The company’s goal is to evaluate the technology as a possible renewable power source for its Butcherbird Project in Western Australia.
 
This would maximise project economics by increasing renewable energy penetration to produce high purity metals, specifically electrolytic manganese metal.

Quick facts: Element 25 Ltd

Price: $0.17

Market: ASX
Market Cap: $15.62 m
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Element 25 in 'enviable' position to fund development of Butcherbird Project

Element 25 (ASX: E25) executive director Justin Brown updates Proactive Investors on the company's 100% owned Butcherbird Project, which is largest onshore manganese resource. The company is funding works partly through strategic divestments from its portfolio of gold assets. Brown...

on 12/2/19

2 min read