Australia's Element 25 climbs to 3-month high after co gets $166 mln US grant

Element 25

20/01/2025 01:25

** Shares of Element 25  E25.AX  rise 24.1% to A$0.335,
their highest levels since Oct 10, 2024
    ** The diversified miner secures a $166 mln funding from the
U.S. Department of Energy under its Battery Materials Processing
Grant programme
    ** Co says funding will support construction of its proposed
battery grade high-purity manganese sulphate monohydrate
facility in Louisiana 
    ** More than 2 mln shares change hands, 20.5 times its
30-day avg
    ** Stock up 29.4% YTD, including current session's moves

    

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))