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28/09/2020


Element 25 shares hit 9-year high after Elon Musk says manganese will be key part of Tesla’s EV batteries Beneficiation test-work on E25’s Butcherbird Manganese Project in Western Australia has highlighted a compelling opportunity to fast-track the development of the project.

Musk said: “It’s relatively straightforward to do a cathode that’s two-thirds nickel, one-third manganese, which will allow us to make 50% more cell volume with the same amount of nickel.”E25 reached a new 9-year high of 92 cents today and Bryah shares have surged 20% this month to 6 cents.

Highlights of the PFS include a maiden proved and probable ore reserve of 50.55 million tonnes at 10.3% manganese containing 5.22 million tonnes of manganese. It has a low capital requirement of $14.5 million and an average annual operating cash flow of $32.1 million for years 1-5.