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Element 25's Justin Brown hails manganese offtake deal and $9.75 million placement

Element 25 Limited's (ASX:E25) Justin Brown speaks to Proactive's Andrew Scott after agreeing key commercial terms under a non-binding term sheet to sell 100% of the manganese ore produced - up to 365,000 tonnes per annum - from the first stage of the Butcherbird Project development in Western Australia.

The take-or-pay offtake arrangement is with OM Holdings Limited (ASX:OMH) wholly-owned subsidiary OM Materials (S) Pte Ltd.

Quick facts: Element 25 Ltd

Price: 1.905 AUD

ASX:E25
Market: ASX
Market Cap: $252.67 m
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Element 25 now just weeks away from becoming a producer at Butcherbird

Element 25 Ltd's (ASX:E25) (FRA:QFP) (OTCMKTS:ELMTF) Justin Brown tells Proactive's Andrew Scott they're making strong progress on the first stage of a planned multi-stage development at the Butcherbird manganese project with the delivery on-track for next month. The current work plan has dry...

3 days, 4 hours ago

2 min read