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[Ferro-Alloys.com]  Element 25 Completes $18 Million Placement to Fund Expansion at the Butcherbird Manganese Project

HIGHLIGHTS

• Element 25 receives firm commitments for $18 million Share Placement at AU$0.30 per share in one single tranche to fund the expansion of its Butcherbird Manganese Project in WA and for

working capital purposes.

• 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.

• Element 25’s Butcherbird Expansion Project (BBX) is designed to increase Butcherbird’s

production capacity to 1.1 million tonnes per annum, with January 2025 Feasibility Study update estimating a capital cost of AU$64.8 million with a pre-tax Net Present Value (NPV) of AU$561 million and 96% pre-tax Internal Rate of Return (IRR).

• Increased production capacity via BBX will support Element 25’s planned high-purity manganese sulphate monohydrate (HPMSM) production facility in Louisiana, USA as well as supplying concentrate to steel industry partners.

• $18 million Share Placement follows Element 25 securing AU$50 million senior debt facility

from Northern Australia Infrastructure Facility (NAIF) in June 2025

• BBX is fully approved under WA Regulatory Framework, including WA Department of Water and Environmental Regulation (DWER) and Department of Local Government, Industry Regulation and Safety (LGIRS).

Element 25 Limited (ASX: E25) is pleased to announce completion of an $18 million Share Placement (Placement) to fund expansion of its Butcherbird Manganese Project in WA.

The Placement follows the AU$50 million senior debt facility Element 25 secured from Northern Australia Infrastructure Facility (NAIF) for the expansion, announced in June 2025. 3

The Company plans to expand Butcherbird’s production capacity to 1.1 million tonnes per annum (Mtpa) of manganese oxide concentrate. Butcherbird’s expansion will enable it to supply manganese concentrate feedstock for Element 25’s planned battery grade, HPMSM processing facility which it plans to build in Louisiana, USA, as well as securing concentrate sales to other customers. Under the Placement, the Company will issue 60,000,000 fully paid ordinary shares (34,602,414 under ASX Listing Rule 7.1 and 25,397,586 under ASX Listing Rule 7.1A) at an issue price of A$0.30 per share, representing a 5.6% discount to the 5-day volume weighted average price (VWAP) of A$0.318 and a 9.1% discount to the last close price of A$0.33 at 8 April 2026.

Element 25 Managing Director Justin Brown said: “Expanding Butcherbird is an important part of our strategy to sell manganese concentrate to steel industry partners as well as using it as feedstock in our plans to produce HPMSM.

“We are pleased with the support from new and existing shareholders in this Placement, particularly in light of the challenging market backdrop. Funds raised under the Placement support our AU$50 million backing from NAIF to fund the construction of the BBX Project in line with the project plan.”

The Placement is expected to settle on 22 April 2026. Petra Capital was the Sole Lead Manager and

Sole Bookrunner to the offer.

ABOUT ELEMENT 25

Element 25 is an ASX-listed company (ASX: E25) that operates the world-class 100%-owned

Butcherbird Manganese Project in Western Australia and is currently undertaking activities to expand production to approximately 1.1Mtpa of medium-grade high silica manganese ore for use in traditional and new energy markets.

E25 is also commercialising innovative proprietary technology to produce battery-grade high-purity manganese sulphate monohydrate (HPMSM) for use in Electric Vehicle (EV) battery manufacturing. The Company is planning it’s first HPMSM refinery in Louisiana USA to produce raw material for the US EV market, with support from General Motors LLC (GM), Stellantis N.V. (Stellantis) and a grant for US$166 million (A$268M) in project funding from the U.S. Department of Energy (DoE) under the Battery Materials Processing Grant Program.

An anticipated strategic shift towards lithium manganese rich (LMR) battery chemistries over high nickel formulations will materially increase demand for HPMSM, with GM being one of the first automakers looking to adopt this technology after spending more than a decade on research. Ford Motor Company has also announced a plan to introduce LMR batteries to improve safety, energy density, and reduce costs. LMR battery cells use around to 50-70% manganese increasing the required manganese by up to 10X compared to high nickel ternary chemistries.

Company information, ASX announcements, investor presentations, corporate videos, and other investor material in the Company’s projects can be viewed at: www.element25.com.au.

• [Editor:tianyawei]