Dec 9 (Reuters) - Element 25 Ltd E25.AX :
* TO SELL 50% OF MANGANESE ORE PRODUCED FROM 2ND STAGE OF BUTCHERBIRD PROJECT DEVELOPMENT TO SEMERU ENERGY
* TERM SHEET PROVIDES ALLOCATION OF 175KT P.A. TO 200KT P.A. OF MANGANESE ORE FROM PROJECT
* UNDER OFFTAKE ARRANGEMENTS, SEMERU WILL PROVIDE US$5 MILLION IN PROJECT FINANCE TO FUND CO'S EXPANSION PLANS