Australia's Element 25 falls to over 1-week low on discounted placement

Element 25

12/09/2025 02:15

** Shares of Element 25 E25.AX fall as much as 13.4% to A$0.29, their lowest level since September 3

** Stock marks its biggest intraday pct fall since April 7

** The mineral explorer receives firm commitments for A$10 million ($6.66 million) placement for its Butcherbird manganese project

** Issue price of A$0.28 per share represents a discount of 16.4% to stock's last close

** Stock is up 13.7% YTD, including the session's moves

($1 = 1.5017 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))