ELEMENT 25 LIMITED — Capital/Financing Update 2023

Feb 9, 2023

==> picture [562 x 63] intentionally omitted <==

ASX ANNOUNCEMENT 10 February 2023

Issue of Securities and Cleansing Notice

Element 25 Limited ( E25 or Company ) ( ASX:E25 ) advises that a total of 5,000,000 fully paid ordinary shares (Shares) have been issued as security for the recent At-the-Market Subscription Agreement facility. Establishment of this facility is an important component of E25’s battery-grade high purity manganese sulphate (HPMSM) funding strategy as its progresses the HPMSM development program.

A completed Appendix 2A has been lodged together with this announcement.

Notice under Under Section 708A(5)(e) of the Corporations Act 2001

In respect of the Shares, E25 gives notice under section 708A(5)(e) of the Corporations Act

2001 (Cth) (Act) of the following:

1. The Shares were issued without disclosure under Part 6D.2 of the Act;

2. As at the date of this notice, the Company has complied with:

   • a. the provisions of Chapter 2M of the Act as they apply to the Company; and

   • b. section 674 of the Act; and

3. As at the date of this notice, there is no information to be disclosed which is excluded information (as defined in section 708A(7) of the Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.

This announcement is authorised for market release by the Company’s Board of Directors.

Justin Brown

Managing Director

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

Market Summary Board of Directors: ASX code: E25 Seamus Cornelius Chairman Shares on issue: 190M Justin Brown MD Share price: $0.77 John Ribbons NED Fanie van Jaarsveld NED Sam Lancuba NED

Element 25 Limited is developing the world class Butcherbird Manganese Project in Western Australia to produce ethically sourced, sustainable, high quality manganese products including lithium-ion battery grade manganese sulphate monohydrate (HPMSM) for the rapidly growing electric vehicle (EV) battery markets.

Element 25 Limited