Biden-⁠Harris Admin Recognizes Element 25’s $290M Investment in the USA

The Biden-Harris administration highlighted nearly $200 billion of private sector investments from the Asia-Pacific into the United States including Element 25 Limited’s (ASX:E25) move to build its high-purity manganese sulphate (HPMSM) processing facility in Louisiana, according to a report released by the White House.

Element 25 seeks to build a $290 million facility in Ascension Parish, Louisiana, that is expected to create 150 jobs and supply up to 32,500 metric tons of manganese sulfate annually. The company plans to make an additional investment of $190 million to supply anticipated future demand growth, the report said.

Earlier this year, Element 25 signed an agreement with General Motors (NYSE:GM) to supply up to 32,500 metric tons of manganese sulfate annually, which will support GM’s annual production of more than 1 million EVs in North America.

Element 25 is targeting commissioning in 2025 to produce the first low-carbon, ethically sourced HPMSM in the US facility, processing manganese oxide ore from its 100 percent-owned Butcherbird Manganese Project in Western Australia.

Read the full report here.

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