BUZZ-Australia's Element 25 jumps most since Nov 2024 on nod to expand mine

Reuters

2025/01/13

** Element 25 jumps as much as 11.5% to A$0.290; set for biggest intraday pct gain since Nov. 26, 2024

** Miner gets Department of Energy's approval to expand the Butcherbird Manganese Mine in Western Australia to increase production of manganese concentrate

** Says co intends to build high-grade manganese oxide concentrate processing centre and high-purity manganese sulphate monohydrate processing facility in the U.S.

** More than 159,000 shares traded, 1.7x the 30-day avg

** Stock fell 39.3% in 2024 - its fourth year of consecutive decline

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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