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Element 25 Limited and General Motors Ink Offtake and Financing Deals
Element 25 Limited, an established mining and metals firm, has confirmed entering into off-take and financing agreements with automotive giant, General Motors.
As part of the recent deals, the role of Element 25 will be to supply critical materials maintained within their product portfolio to General Motors for use in various applications. Simultaneously, General Motors solidifies their supply chain and helps secure needed resources for their output.
Importantly, these agreements signify a step forward in a developing industry relationship. The Director of Element 25 Limited, Mr Cornelius, suggests, "This agreement with such a prestigious multinational automotive manufacturer supports the marketability and appeal of our materials for high-tech applications. "
In return, a secured customer base for element 25 products is being realised and also aids in securing non-dilutive funding for the company.
The signing of these agreements with General Motors pays testament to the quality and application of Element 25 Limited's product offerings and will likely serve as a cornerstone in strengthening future relationships within the automotive industry.
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Chartgoblin
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#ASX:E25
Element 25 Limited and General Motors Ink Offtake and Financing Deals