Ann: E25 HPMSM Project Update, page-9

E25 will be the 'last cab off the rank' at this rate.
I hear JMS will announce its new battery materials strategy in March 2023 QTR.

“At the moment there is a shortage of manganese sulphate producing plants around the world,” he says.
“We have got a really supportive shareholder base for a redirected strategy towards growth and diversification into battery minerals.
“We want to do something that is not just delivering dividends to shareholders. We are energised, we are confident and we are charged with shareholder support to do so.”

“Most ore chemistries can be used in the production of battery-grade manganese sulphate, including South African semi-carbonate ore [like that produced at Tshipi].”


At least JMS makes a huge profit on producing Mn ore and has the potential to fund itself unlike E25.