Australia's Element 25 rises on $33 million debt for manganese project expansion

Element 25

17/06/2025 03:34

** Shares of Element 25 E25.AX rise as much as 14.2% to A$0.225, their highest levels since June 4

** The manganese miner is set for its best day since Jan 20, if trend sustains

** Co secures up to an A$50 million ($32.6 million) senior debt facility for expansion of its Butcherbird Manganese Project in Pilbara, Western Australia

** Stock changes ~239,853 hands, over 2x its 30-day average volume of ~109,657

** Stock currently at A$0.220, down 13.7% this year, including the session's moves

($1 = 1.5333 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.SinghChundawat@thomsonreuters.com))