Element 25 Limited (E25) has entered into a non-binding MOU with Nissan Chemical Corporation (NC) and NC Tokyo Bay Corporation (NCTB) to conduct a Feasibility Study into a battery-grade High Purity Manganese Sulphate Monohydrate (HPMSM) facility in Chiba, Japan. This collaboration brings key synergies like utilizing NCTB's existing infrastructure and resources for the project. The plan includes co-locating the facility at the NCTB site, utilizing their sulphuric acid plant, logistics solutions, and ancillary services.

The MOU outlines steps for developing the facility, with a target final investment decision (FID) date of September 2026. This collaboration aligns with Japan's focus on establishing battery-related industries, especially in the automotive sector for Electric Vehicles (EVs). The transition to high manganese chemistries in EV batteries is expected to increase demand for high purity manganese chemicals.

E25 also operates the Butcherbird Manganese Project in Australia and plans to build an HPMSM refinery in the US. This announcement marks a step towards realizing E25's low-carbon battery materials manufacturing vision. Investors can find more information on our website and are welcome to reach out with any questions.