E25 HPMSM project selected for US$166M DoE Grant

Element 25 Limited (ASX: E25) is pleased to announce its selection for award negotiations for a US$166 million grant from the U.S. Department of Energy (DoE) under the Battery Materials Processing Grant Program for the construction of a high-purity manganese sulphate monohydrate (HPMSM) facility in Louisiana. This grant, in addition to existing commitments from General Motors LLC (GM) and Stellantis N.V., will propel the project towards financial close and commencement of construction, creating long-term jobs in Louisiana. The grant reflects a major milestone in the development of the Louisiana HPMSM Project, supporting E25's strategy to produce ethically sourced, traceable HPMSM for the U.S. electric vehicle market with a focus on sustainability and efficiency. The innovative processing flowsheet developed by E25 reduces energy consumption, waste, and carbon intensity, positioning the company as a leader in low-carbon battery materials manufacturing. E25's financing strategy, including agreements with GM and Stellantis, totals $115 million, providing a strong foundation for the project's construction costs. The Project's community benefits plan includes job creation, apprenticeships, and support for the local economy in Louisiana. Investors are encouraged to learn more about the project and ask questions to gain a deeper understanding of Element 25's commitment to sustainable, innovative, and environmentally conscious battery materials production. For more information, visit element25.com.au.