Element 25’s manganese destined for US in General Motors deal
News release
by
Element 25 Ltd
Melbourne, Victoria
|
June 27, 2023 03:00 PM Eastern Daylight Time
Element 25 Ltd (ASX:E25) managing director Justin Brown runs Proactive’s Elisha Newell through the company’s landmark deal with American carmaker General Motors Co. E25 plans to ship 32,500 tonnes of manganese every year from its flagship Butcherbird project — a move set to bolster General Motor’s annual EV production in North America beyond one million units. In exchange, General Motors will seed a US$85 million loan to construct a new facility in Louisiana, where manganese sulphate will be generated from Butcherbird ore.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
