(NewsDirect)
Element 25 Limited managing directorJustin Brown joined Steve Darling from Proactive to share news thecompany has provided an update on the planned construction of thefirst North American commercial scale battery grade high puritymanganese sulphate processing facility to produce key raw materialsfor electric vehicle battery manufacture in the US.
Brown told Proactive the facility istargeting commissioning in 2025 to produce the first low-carbon,ethically sourced HPMSM in the US using the company’s 100%-ownedButcherbird Manganese Project in Western Australia. The project issupported by key offake and funding agreements in place with GeneralMotors and Stellantis which are contributing a combined $115 millionin project funding through a combination of equity, pre-payment andsenior debt alongside of take for approximately 65% of the plannedHPMSM production from the first production train.
Constructionis expected to begin in first half of 2024.
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