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Global automaker Stellantis has completed its first US$15 million investment in Element 25, a company that is developing a battery-grade high purity manganese sulphate monohydrate (HPMSM) facility in the USA.
As per the agreement, Stellantis commits to buying 45kt of HPMSM over five years, with further funding of US$15M structured as a pre-payment.
Element 25 has also secured an agreement to supply HPMSM to General Motors' USA Ultium Battery Plants, which includes a US$85M loan facility, bringing Element 25 project commitments to a total of US$115M.
Element 25 Limited has completed a feasibility study for a high purity manganese sulphate facility in Louisiana, USA, producing monohydrate manganese sulphate for electric vehicle battery manufacturing.
The study confirms the project's technical and economic viability and highlights its lower environmental impact compared to incumbent producers to supply the growing electric vehicle market in the US.
The project benefits from its location, with excellent infrastructure, a skilled local workforce, low-cost energy, and proximity to markets for repurposing by-product industrial materials for circular resource use.