In 2023, Australian mining company Element 25 announced plans to invest $480 million across two phases to build an electric vehicle battery materials facility in Ascension Parish.
The project now appears to be in limbo after the company was unable to secure a site in Ascension, according to local economic development officials.
“The last update we received was that Element 25 was not able to secure a site in Ascension and was considering a site in Baton Rouge,” says Misty Taillon, office manager at Ascension Economic Development Corp. “We are unsure if the project is still active.”…