• Firm commitments for $18 million Share Placement at $0.30 per share
• Butcherbird is a world-class manganese resource with 101Mt at 10.4% Mn
• Expansion to increase production capacity to 1.1 million tonnes per annum

Element 25 Limited (ASX: E25) has announced the completion of an $18 million Share Placement to fund the expansion of its Butcherbird Manganese Project in Western Australia. The Placement follows the AU$50 million senior debt facility Element 25 secured from the Northern Australia Infrastructure Facility (NAIF) for the expansion, announced in June 2025. The Company plans to expand Butcherbird's production capacity to 1.1 million tonnes per annum (Mtpa) of manganese oxide concentrate. Butcherbird is a world-class manganese resource with an Ore Reserve of 101Mt at 10.4% Mn for 10.5 million tonnes of contained manganese. The expansion will enable Element 25 to supply manganese concentrate feedstock for its planned battery grade, high-purity manganese sulphate monohydrate (HPMSM) processing facility in Louisiana, USA, as well as securing concentrate sales to other customers. The Placement will see the Company issue 60,000,000 fully paid ordinary shares at an issue price of A$0.30 per share, representing a 5.6% discount to the 5-day volume weighted average price (VWAP) and a 9.1% discount to the last close price. The Placement is expected to settle on 22 April 2026.

The expansion of the Butcherbird Manganese Project will support Element 25's planned HPMSM production facility in Louisiana, USA as well as supplying concentrate to steel industry partners. The anticipated strategic shift towards lithium manganese rich (LMR) battery chemistries over high nickel formulations is expected to materially increase demand for HPMSM, with GM and Ford being among the first automakers looking to adopt this technology.