Element 25

Quarterly Reports

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Manganese for Traditional & EV Markets

In the June 2025 Quarterly Report, Element 25 (ASX: E25) highlights the approval of $50 million in senior debt financing by the Northern Australia Infrastructure Facility for the Butcherbird Manganese Expansion Project. This funding will support a 1.1Mtpa manganese ore operation over an 18.3 year mine life. The company plans to sell manganese concentrate to customers in the steel sector and use it as feedstock for their planned HPMSM processing facility in Louisiana, USA. They are finalizing project financing for the Louisiana facility, with significant grants from the US Department of Energy and equity investments. Element 25 has also filed national patent applications for their HPMSM processing technology to obtain global protection. The company is actively working with key suppliers and contractors for project support. They are in discussions with other potential financiers for project finance for Butcherbird. The Louisiana facility aims to produce up to 135Kt per annum of HPMSM for the US electric vehicle supply chains. Element 25 continues to innovate in the battery technology sector, with a focus on High Purity Manganese Sulphate Monohydrate. Investors are invited to ask any questions about the report and can access the full financial details in the attached Appendix 5B 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. 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. 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.