Element 25’s Declares New MoU to Supply Manganese Concentrate Products

  • Jun 29, 2020 AEST
  • Team Kalkine

Focussed on development of the world class 100% owned Butcherbird Manganese Project in WA, Element 25 Limited (ASX:E25) has entered into a non-binding memorandum of understanding post several positive discussions with OM Materials (S) Pte Ltd, a wholly owned subsidiary of OM Holdings Limited (ASX:OMH). An initial term of up to 5 years, the MoU will facilitate supply of manganese concentrate products from the Project.

An important milestone, discussions pertaining to the MoU have highlighted demand for high quality, reliable supply of manganese from Australia, says MD Mr Justin Brown.

E25 was trading up by 6.25% post release of the significant update and quoted $ 0.425 at 11:49 AM AEST on 29 June 2020.

 


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