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Wednesday 26 June 2024

Element 25 (ASX: E25): Wins Title V Air Permit

Element 25 Limited (ASX: E25) is pleased to advise it has been issued with a Title V Air Permit for the construction of an Electric Vehicle (EV) battery grade high-purity manganese sulphate monohydrate (HPMSM) refinery in Louisiana, USA (Project) via subsidiary Element 25 (Louisiana) LLC (E25LA).

Louisiana Department of Environmental Quality (LDEQ) issued the draft Air Permit to E25 in early February 2024 and the final stage of the permitting process, prior to issuance, was a statutory public consultation period. This included a public meeting held in the local community on 18th April 2024 where feedback was supportive of the Project and the permit has now been issued.

Highlights:

• Permit has been issued for the proposed Project site in relation to which the Company recently announced commercial agreement with Veolia North America (Veolia)

• E25LA HPMSM Facility Title V Permit (the air permit) granted for the proposed construction and operation of E25’s HPMSM refinery in Ascension Parish, Louisiana.

• The air permit is a key requirement to commence facility construction at the Veolia site.

Commentary:

Element 25 Managing Director Justin Brown said: “Receipt of the air permit is a critical milestone in achieving our goal of financing and constructing the first USA-based HPMSM facility in Louisiana, USA to supply critical battery raw materials to our partners General Motors LLC and Stellantis NV. Crossing this important threshold is a testament to the efforts of all involved and moves the Project closer to a final investment decision and commencement of Project execution.”

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