FEAM Progresses With LCD Glass Tank Trial Commencement by Customer

Core Insights - 5E Advanced Materials, Inc. (FEAM) has commenced glass furnace testing with a major U.S.-based LCD glass manufacturer, utilizing the first batch of 20 tons of boric acid shipped in October 2025 [1][3] - The company has successfully passed previous laboratory and supply-chain trials, meeting stringent purity and performance standards [2][8] - The positive initial results from the glass furnace test position FEAM to advance multi-year supply agreements in a tightly held borates market [3][8] Industry Context - The borates market is characterized by an oligopoly structure, highlighting the need for additional reliable domestic suppliers [4] - Boron has been added to the United States Department of the Interior's 2025 Critical Minerals List, emphasizing the strategic importance of 5E's facility, which is designated as Critical Infrastructure [4] - Over the past year, FEAM's shares have declined by 58.1%, contrasting with a 10.4% decline in the industry [4]