Element 25's 100% owned Butcherbird Project in Western Australia hosts Australia’s largest onshore manganese resource, with over 260 million tonnes currently delineated to a JORC resource level of detail, with further exploration upside.

In January 2024, the Company released a Feasibility Study (FS) on the proposed expansion of Butcherbird to 1.1 million tonnes per annum (Mtpa) of manganese oxide concentrate, which demonstrated robust economic returns and rapid capital payback.

The project execution team has commenced detailed design, planning and procurement for the new facility with the goal of expediting the planned expansion.

Element 25 is developing the first U.S.-based high purity manganese sulphate monohydrate (HPMSM) processing facility. The proposed refinery will produce a very high purity HPMSM, which is a critical raw material for electric vehicle (EV) battery cathodes. The proposed base case location for the business is in Louisiana, USA.

Element 25 has entered into binding offtake and financing agreements with General Motors LLC and Stellantis N.V., two leading global EV automakers to cornerstone the success of the project. These two transactions bring US$115M of investment to the Project as part of the required construction capital.

The Company is currently working to finalise project financing and is progressing with detailed engineering to bring this first-of-its-kind refinery to supply a key critical raw material for battery manufacturing to the U.S. electric vehicle industry.