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Element 25 and General Motors LLC sign definitive agreement for the supply of battery grade HPMSM for GM’s electric vehicle battery requirements in their UltiumTM battery plants.
Source: https://investingnews.com.au/e25-quarterly-activities-report-june-2023
Offtake and funding agreement with global automaker Stellantis NV (NYSE/MTA/Euronext Paris:STLA) includes recently completed US$15-million equity investment to fund HPMSM short and medium term project execution costs.
Source: https://investingnews.com.au/element-25-usa-hpmsm-processing-facility-project-execution-update
Progressed discussion on securing site in Malaysia for the construction of a HPMSM conversion facility.