There's going to be a lot of attention on E25 on Monday. Their primary asset is a HPMSM project planned for Louisiana but until yesterday funding on this project was unclear. This and their Butcherbird manganese mine not generating the cash flow predicted has caused E25 to basically have no residual cash and with no residual cash for exploration of their tenement next to TG6 stalled.
Yesterday it was announced they are receiving a US$166m grant towards their US HPMSM project. This materially alters the funding situation for the Louisiana plant which was in a stalled situation. With progress towards HPMSM there is an increased chance of progress around their Lake Johnston tenement. That may be exploration, that may be disposal. I don't know, but something happening is more likely.
This is their version of the tenement landscape, although they have their Jaegermeister arrow pointing towards target D area, rather than Targets A and B which have confirmed mineralisation.
There's going to be a lot of attention on E25 on Monday. Their...
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