BUZZ-Australia's Element 25 climbs to 3-month high after co gets $166 mln US grant
ReutersJan 20, 2025 1:25 AM
** Shares of Element 25 E25.AX 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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