Element 25’s manganese destined for US in General Motors deal

News Direct

Tue, Jun 27, 2023, 3:00 PM1 min read

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Melbourne, Victoria --News Direct-- Element 25 Ltd

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.

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Jonathan Jackson

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View source version on newsdirect.com: https://newsdirect.com/news/element-25s-manganese-destined-for-us-in-general-motors-deal-708834354

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Element 25’s manganese destined for US in General Motors deal

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