Australia-based Element 25 Limited achieved all milestones for the Louisiana State Industrial Tax Exempt Program (ITEP) incentive package to support E25’s planned lithium-ion battery grade high purity manganese sulphate (HPMSM) processing facility in Ascension Parish, Louisiana.

Louisiana Governor Jon Bel Edwards approved the incentive agreement between E25, the Louisiana Department of Economic Development, and the Louisiana Board of Commerce and Industry.

This represents a significant milestone for the project and concludes several months of active stakeholder engagement with multiple levels of state and local government and local community members to explain the benefits that will flow from the proposed Facility. The total benefits available to the Project from State Incentives have been estimated by EY at US$57M.

Stellantis (earlier post) and GM (earlier post) have separately signed offtake agreements with E25 for manganese sulfate.

E25 currently produces manganese concentrate from its 100% owned Butcherbird Project in Western Australia, which hosts a large manganese resource of more than 260 million tonnes of resources.