Quarterly Activities/Appendix 5B Cash Flow Report

Element 25 (E25) has achieved significant milestones during the September 2024 quarter. The company secured a US$166 million grant from the U.S. Department of Energy for its Battery Grade High Purity Manganese (HPMSM) facility in Louisiana. This grant, along with commitments from off-take partners GM and Stellantis, will support the construction of the facility. In Australia, Element 25 launched an autonomous fleet of mining trucks at the Butcherbird Manganese Operations, enhancing productivity and sustainability.<br/><br/>Resource infill drilling at Butcherbird was completed, confirming the continuity of mineralization and supporting the planned expansion of operations. Additionally, a non-binding MoU was signed with Nissan Chemical Corporation for a HPMSM Feasibility Study in Japan. The company has also launched an Investor Hub to provide transparency to investors and facilitate communication.<br/><br/>With a strong cash position and financing in place, Element 25 is well-positioned to continue its operations and meet its business objectives. Investors are encouraged to follow updates on the Investor Hub and ask any questions about the company's progress. Contact us for more information or clarification on any aspect of the recent announcement.