GM and Element 25 to Expand U.S. EV Supply Chain with Domestic Manganese Sulfate Production

GM and Element 25 to Expand U.S. EV Supply Chain with Domestic Manganese Sulfate ProductionBackElement 25 Limited (E25) and General Motors LLC (GM) sign definitive agreement for the supply of battery grade high-purity manganese sulphate (HPMSM) for GM’s EV battery requirements. Element 25 to supply GM with manganese sulfate required to scale EV capacity in North America beyond 1 million units annually. Element 25 plans to build its first manganese sulfate facility in the U.S. which will process manganese mined in Australia. Element 25 will produce manganese sulfate at the facility by processing manganese concentrate from its mining operations in Australia. 1Exchange rate of 1USD = 1.5058 AUD2Reference: Element 25 ASX Release dated 12 April 20233Reference: Element 25 ASX Release date 21 February 2023