BUZZ-Australia's Element 25 climbs to 3-month high after co gets $166 mln US grant

Reuters
01-20

** Shares of Element 25 rise 24.1% to A$0.335, their highest levels since Oct 10, 2024

** The diversified miner secures a $166 mln funding from the U.S. Department of Energy under its Battery Materials Processing Grant programme

** Co says funding will support construction of its proposed battery grade high-purity manganese sulphate monohydrate facility in Louisiana

** More than 2 mln shares change hands, 20.5 times its 30-day avg

** Stock up 29.4% YTD, including current session's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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