Element 25 Ltd
Element 25 Ltd (ASX:E25) is listed on the Australian Securities Exchange.
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Element 25 ready to resume business as usual as WA restrictions ease
Element 25 Ltd (ASX:E25) intends to take a cautious approach to resuming norming operations as Western Australia eases COVID-19 restrictions.
This includes initiating the process of re-opening the company's office in coming weeks, subject to the rules and advice from government and health authorities.
Director fee decision reversed
With the easing of restrictions in Western Australia occurring more quickly than initially anticipated, the board has reviewed and reversed its cash conservation decision announced on April 27, 2020, with respect to director fee reductions and the proposed issue of options.
The company had planned to reduce the cash component of director fees by 20% for six months, and to issue 200,000 options to chairman Seamus Cornelius, 750,000 options to managing director Justin Brown and 150,000 options to non-executive director John Ribbons at a price of 20 cents per option.
Butcherbird Manganese Project
The company continues to make excellent progress in relation to the development of the Butcherbird Manganese Project and looks forward to further advancing the project as soon as possible.
A scoping study has been completed with respect to developing the deposit to produce High Purity Manganese Sulphate for lithium-ion battery cathodes as well as Electrolytic Manganese Metal (EMM) for use in certain specialty steels.
A PFS is being completed and this is expected to further confirm the commercial potential of the project.
Other Element 25 Ltd news
- Element 25 and OM Holdings extend manganese offtake exclusivity period for Butcherbird Project
2020-12-17 - Element 25 shares hit 9-year high after Elon Musk says manganese will be key part of Tesla’s EV batteries
2020-09-28 - Element 25 sees 2020 as transformational as it works to bring Butcherbird Manganese Project into production
2020-09-22 - Element 25 further de-risks Butcherbird Manganese Project as tests confirm process water supply
2020-08-03 - Element 25 more than doubles target with heavily oversubscribed SPP raising $3.2 million
2020-07-23
