I think your right but i still like the long term view of the manganese project. I don't understand why the focus and allocation of time, effort, funds will be redirected to the lithium tenement E63/2027 when the market is over lithium and product value is -85%. Concentrate on the manganese project and walk away from this rubbish lithium potential ???
28 November 2023 E25 announcement - E25 Managing Director Justin Brown commented:
“Whilst Element 25’s primary focus is and will remain the commercialisation of our innovative high purity manganese refining process, recent activities in the Lake Johnston Greenstone Belt provide a compelling case for the presence of potentially economic lithium mineralisation within Element 25’s ground-holding in the region. The Board therefore supports the allocation of resources to test this potential, without impacting on the progress at our Butcherbird Manganese Mine in WA or the HPMSM facility being developed in Louisiana, USA in partnership with General Motors and Stellantis to provide long-term, ethical manganese supply to the US electric vehicle industry.”
This is a change in focus and development of the company in the wrong direction i believe.
IMO.
E25 Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)