With production rates expected to ramp, line of sight on the next phase of customer qualification, and the optimization work currently in process near completion, the Company will prioritize its FEL2 engineering program with targeted completion in early 2025. Included in the scope of the FEL2 program is a capital estimate of +/- 25% for the 90,000 short ton per annum facility, which will drive an updated technical report summary and pre-feasibility report. For additional information regarding these various ...

Recent Boric Acid Samples from the 5E Boron Americas Complex HESPERIA, Calif., July 01, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) ("5E" or the "Company"), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, today announced that it has initiated its customer qualification program, shipping samples of the Company's boric acid to multiple customers. This key advancement is expected to facilitate further com ...

Investors, analysts and members of the media interested in listening to the live presentation are encouraged to join a webcast of the call, available at https://events.6ix.com/preview/5e-advanced-materials-market-update. A replay of the webcast will be available on the Company's Investor Relations section of its website within 24 hours of completion. 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) is focused on becoming a vertically integrated global leader and supplier of boron specialty and advanced ...

Investors, analysts and members of the media interested in listening to the live presentation are encouraged to join a webcast of the call, available at https://events.6ix.com/preview/5e-advanced-materials-market-update. A replay of the webcast will be available on the Company's Investor Relations section of its website within 24 hours of completion. About 5E Advanced Materials, Inc. 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) is focused on becoming a vertically integrated global leader and suppli ...

Additional notes expands the Company's runway for further refinement of active operational process development and expanded commercial arrangements Company provides additional updates on recent operational performance HESPERIA, Calif., May 28, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) ("5E" or the "Company"), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, agreed to issue $6 million in additional sen ...

Core Insights - 5E Advanced Materials, Inc. has agreed to issue $6 million in additional senior secured convertible notes to support ongoing operations and engineering efforts for its Small-Scale Facility and FEL-2 engineering [1][2] - The company aims to optimize capital expenditures (CAPEX) and operational expenditures (OPEX) while preparing for customer qualification and commercial agreements [2][6] - The company is focused on becoming a vertically integrated leader in boron and lithium production, targeting applications in electric transportation, clean energy, and domestic security [4] Financial Updates - The additional notes will be purchased by Bluescape Energy Partners and Ascend Global Investment Fund SPC, with an initial conversion price of $1.53 per share and a maturity date in August 2028, paying interest in-kind at 10% [1][2] - The capital raised will enhance cash resources for the small-scale facility, which has shown promising initial operational results [2] Operational Highlights - Mining operations commenced in early 2024, with the first batch of boric acid produced in April 2024, achieving a run-of-mine head grade of 5.5% [6] - The company is refining its boric acid filtering, drying, and bagging processes to meet customer specifications, with the customer qualification process expected to begin shortly [6] Strategic Objectives - 5E's mission is to supply critical materials for global decarbonization and food security, leveraging its large domestic resource located in Southern California, designated as Critical Infrastructure [4] - The company plans to develop capabilities from upstream extraction to downstream processing of boron and lithium products [4]

HESPERIA, Calif., April 29, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (NASDAQ:FEAM) (ASX: 5EA) ("5E" or the "Company"), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, today announced the Company's operations team has successfully achieved first production of boric acid and the Company amended its outstanding senior secured convertible notes to extend the waiver of the notes' cash covenant. First Production and Next Steps Wit ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (Exact name of Registrant as specified in its Charter) | Delaware | 87-3426517 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | inc ...

5E Advanced Materials, Inc. (FEAM) has stated that its operations team successfully commissioned the 5E Boron Americas Complex and began full commercial operations. The company started well-field injection on Jan 1, 2024.The 5E Boron Americas Complex is operating after completing its commissioning.  External engineering contractors completed the final electrical work on Mar 15. The total amount of Portable Liquid Storage (“PLS”) collected since mining began is more than 50,000 gallons. The inductively coupl ...

HESPERIA, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (NASDAQ:FEAM) (ASX: 5EA) ("5E" or the "Company"), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, today announced the Company's operations team has successfully commissioned the facility and has launched full commercial operations. The Company began well-field injection on January 1st, 2024. Key Highlights: 5E Boron Americas Complex is fully commissioned a ...