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

Reuters
Jun 17, 2025
BUZZ-Australia's Element 25 rises on $33 million debt for manganese project expansion

** 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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10