Australia's Element 25 set for best day in 16 years on US grant

Element 25

24/09/2024 01:54

** Shares of Element 25  E25.AX  more than double in value
to A$0.480, set for best day in about 16 years - if current
gains hold 
    ** Diversified miner says its proposed battery-grade
high-purity manganese sulphate facility in Louisiana has been
selected for a $166 mln grant from the U.S. Department of Energy
        
    ** Stock hits highest level since mid-Dec 2023; set to gain
for third straight session 
    ** About 4.5 mln shares change hands, 48.3 times the 30-day
average volume of 93,872 shares 
    ** Including day's moves, stock has risen ~8.3% this year

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))