Butcherbird Expansion Project Fully Approved to Proceed

Element 25 Limited is pleased to announce that the Butcherbird Expansion Project has received final regulatory approval to proceed. This milestone includes formal Works Approval from the WA Department of Water and Environmental Regulation, allowing us to construct a 1.1Mpta manganese concentrate production operation. This approval strengthens our expansion plans and sets the stage for construction to commence. The project has an estimated capital cost of A$64.8M, with significant pre-tax Net Present Value and Internal Rate of Return, generating substantial annual cash flow over an 18-year mine life. With all necessary approvals in place, including access agreements, we are well-positioned for success. The Butcherbird Project, our flagship asset, will produce high-quality manganese products for various industries, including steel and battery manufacturing. We are also advancing plans for a battery-grade high-purity manganese sulfate (HPMSM) facility in Louisiana, USA, in partnership with GM and Stellantis, supported by the US Department of Energy. We encourage investors to visit our website for more information and invite any questions regarding this exciting development. Thank you for your continued support as we strive to become a leading low-carbon battery materials manufacturer.