logo-loader
viewElement 25 Ltd

Element 25's Justin Brown hails manganese offtake deal and $9.75 million placement

Element 25 Limited's (ASX:E25) Justin Brown speaks to Proactive's Andrew Scott after agreeing key commercial terms under a non-binding term sheet to sell 100% of the manganese ore produced - up to 365,000 tonnes per annum - from the first stage of the Butcherbird Project development in Western Australia.

The take-or-pay offtake arrangement is with OM Holdings Limited (ASX:OMH) wholly-owned subsidiary OM Materials (S) Pte Ltd.

Quick facts: Element 25 Ltd

Price: 0.9 AUD

ASX:E25
Market: ASX
Market Cap: $113.84 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Element 25 Ltd named herein, including the promotion by the Company of Element 25 Ltd in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Element 25 'well funded' as it progresses PFS on Butcherbird manganese project

Element 25 Ltd's (ASX:E25) Justin Brown sits down with Proactive's Andrew Scott while at Mines and Money in London 2019. The company's flagship asset is the Butcherbird manganese deposit, which has been described as Australia’s largest onshore manganese resource. ''The PFS is around 90%...

on 27/11/19

2 min read