Element 25 and Veolia partner for new HPMSM refinery in Louisiana
May 09, 2024 at 03:01 pm EDT
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Element 25 Ltd (ASX:E25 OTCQX:ELMTF) managing director Justin Brown sits down with Proactive’s Jonathan Jackson to discuss the collaboration with Veolia North America to establish a site for a high-purity manganese sulphate monohydrate (HPMSM) refinery in Burnside, Ascension Parish, Louisiana.The partnership entails E25 acquiring approximately 35 acres of land adjacent to Veolia's existing sulphuric acid production facility. This location will provide E25 with critical resources such as sulphuric acid, supplied by Veolia through a 20-year fixed-rate pipeline agreement. Additional services including natural gas, water and return water are included in the terms, alongside a temporary laydown area for use during the refinery's construction.This initiative is a component of E25's broader Louisiana HPMSM Project, aiming to secure project financing and finalise investment decisions by August 30, 2024. A pivotal step in the project's progression will be obtaining an air permit essential for commencing construction.Brown highlighted the strategic importance of the chosen site, noting its capacity to support the construction of the USA’s first HPMSM facility. The agreement between E25 and Veolia involves several definitive agreements scheduled for execution by June 30, 2024.E25’s venture is bolstered by a $85 million investment from General Motors and additional support from Stellantis N.V., enhancing the project's financial foundation. The synergy with Veolia's operations promises economic benefits for Ascension Parish and supports broader energy transition goals.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Element 25 Limited is an Australia-based mineral exploration company. The Company is the operator of the Butcherbird Manganese Project (Project), which hosts onshore manganese resources with Joint Ore Reserve Committee (JORC) resources of more than 260 million tons (Mt) of manganese ore. The Project is located approximately 1,050 kilometers (kms) north of Perth and over 130 kilometers south of Newman in the Pilbara region of Western Australia. The Company is developing capabilities by producing high-purity manganese sulphate monohydrate (HPMSM) for sustainable lithium-ion battery cathode manufacture, with several production facilities planned. The Companyâs other project include Lake Johnston Lithium Project, which is located approximately 500km east of Perth, Western Australia.