Element 25 Ltd (ASX:E25, OTCQX:ELMTF) has officially opened its share purchase plan (SPP), offering eligible shareholders up to $30,000 in new shares at $0.27 per share, a 14% discount to the volume weighted average price (VWAP) of shares over the last five trading days prior to announcing the SPP last week.
Read: Element 25 targets $5 million in share purchase plan
Funds will be used to advance stage 2 of the Butcherbird Manganese Project Expansion as well as continuing to support the HPMSM project to be built in the US.