Articles from 5E Advanced Materials, Inc.

Company unveils strategic decision to progress forward with calcium chloride as optimal by-product to reduce CAPEX, reports positive operational progress on its small-scale facility production and plant operations, commercial developments, and capital funding

Live webcast will provide an update on the Company’s upcoming catalysts, commercial strategy, facility operations and financing discussions as attention turns towards the road to FID

Seasoned addition to commercial team will support 5E’s efforts to expand offtake agreements in the APAC region, and expand the scope of commercial contracting discussions

Progress in plant-level operations aligns with recent momentum in commercial strategy and offtake discussions

New senior leadership appointment will be responsible for leading 5E’s commercial strategy, securing offtake agreements, and advancing customer engagement and partnerships

5E’s project qualifies under the Export-Import Bank of the United States’ Make More in America Initiative

Company to host call this evening to provide updates on small-scale facility production and operations, as well as capital and commercial strategy

Shareholder call and webcast including live Q&A will commence at 5:00 pm Eastern Standard time on Wednesday, September 4th

HESPERIA, Calif., Aug. 26, 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 entered into a securities purchase agreement with a single institutional investor to purchase 5,333,333 shares of common stock in a registered direct offering at a price of $0.75 per share, along with Series A warrants to purchase up to an aggregate of 5,333,333 shares of common stock and Series B warrants to purchase up to an aggregate of 5,333,333 shares of common stock in a concurrent private placement. Each of the Series A warrants and Series B warrants will have an exercise price of $0.7981 and will be exercisable six months from the date of issuance. The Series A warrants will expire on the five and one half-year anniversary from the date of issuance, and the Series B warrants will expire on the two and one half-year anniversary from the date of issuance.

Company applauds Fastmarkets as it relaunches price assessments for technical-grade boric acid, helping support improved market transparency

Key Highlights

Commercial discussions with prospective customers have advanced along with the shipment of product for customer testing as the Company continues to progress towards Phase 1 commercial operation

Company will provide an update on the operational strategy and recently announced organizational changes

New director appointments and leadership changes strengthen the Company as it shifts strategic focus towards Phase 1 of commercial operations

Additional notes expands the Company’s runway for further refinement of active operational process development and expanded commercial arrangements

First production of boric acid allows the company to commence customer qualification process to potentially become an approved supplier to targeted customers

Full plant commissioning and initiation of commercial boric acid production marks the achievement of significant operational and strategic milestone

Measurable progress continues towards near-term plant completion

A bipartisan group of Members has written to the U.S. Geologic Survey in support of including boron in the agency’s next Critical Minerals List

New capital will be deployed to continue our initial successful mining operations and complete the processing plant

Early success with in-situ mining operations is confirmed with boric acid head grade and lithium content since the company began injection on January 1st, 2024

New capital expected to provide the necessary resources to advance mining operations and move towards first production

5E to leverage Fluor’s experience and expertise to begin engineering process work on commercial Phase 1, advancing its leading boron and lithium project at the 5E Boron Americas Complex

HESPERIA, Calif., Jan. 12, 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 its stockholders voted to approve each of the three proposals related to the Company’s out of court restructuring at 5E’s special meeting of stockholders (“Special Meeting”) held earlier today.

HESPERIA, Calif., Jan. 08, 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 is reminding its stockholders of record as of December 6, 2023 to vote at the upcoming special meeting to be held on Friday, January 12, 2024 at 10:00 a.m. Pacific Time (being 5:00 a.m. AEDT on Saturday, January 13, 2024).

Company commences mining operations and advances vision of becoming the newest domestic producer of boric acid in decades

Company will provide an update on corporate matters, operations and the recently announced restructuring support agreement and financing package

HESPERIA, Calif., Dec. 11, 2023 (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, clarifies that Stefan Selig’s appointment to the Company’s board of directors commenced as of December 11, 2023. The company had previously announced that Selig’s appointment commenced on December 5, 2023.

Agreement strengthens capital structure and balance sheet, bringing in up to $35 million of new equity capital, helping to fund the next stage of mining and small-scale facility for boric acid and lithium production

Agreement with Lender to extend timeline of the on-going Standstill Agreement until December 6, 2023, at 5PM PST

The company is set to become the first new U.S. producer of boron in decades, re-shoring critical materials needed for the decarbonization and global energy markets

Agreement with convertible note holder provides an opportunity to strengthen balance sheet and further discussions for equity commitments to facilitate next phase for 5E

Results provided to the Environmental Protection Agency for review, clearing the last condition to operate within its Underground Injection Control permit

Results provided to the Environmental Protection Agency for review, clearing the last condition to operate within its Underground Injection Control permit

The Company has completed the Step-Rate Testing Program across all four production wells and will now seek final approval from the EPA to begin operations

Step-Rate Testing (SRT) will commence on October 9, 2023, a condition under the Company’s Underground Injection Control (UIC) permit

Process to inject water into the wellfield expected to begin next week, representing a critical step prior to commencing operations and mineral extraction

HESPERIA, Calif., Sept. 20, 2023 (GLOBE NEWSWIRE) -- September 20, 2023 (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 (Fort Cady) Complex, today announced that members of its senior management will be attending D. A. Davidson’s 22nd Annual Diversified Industrials & Services Conference in Nashville, TN on Thursday, September 21st.

The House-passed Act includes crucial language that indicates congressional awareness of the importance of boron for defense applications, and support for further developing domestic supply chains for defense-critical materials

Company provides updates on project progress and details forward-looking strategic priorities

By engaging new contractors to work alongside 5E employees, the company will drive a stronger outcome and correct the outstanding issues left by Matrix Services, while completing last-mile construction activities of the Small-Scale Boron Facility (SSBF)

HESPERIA, Calif., July 14, 2023 (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 (Fort Cady) Complex, announced today the Company’s plans to report fourth-quarter 2023 financial results after the market closes on Wednesday, August 30, 2023. The Company will host a live conference call and webcast to discuss the results and provide updates on key strategic initiatives, as well as project developments at 5:00 pm Central Time (CST).

HESPERIA, Calif., June 05, 2023 (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 (Fort Cady) Complex, is pleased to announce the appointment of current CEO, Ms. Susan Seilheimer Brennan, as a director to the Board.

Agreement releases 5E from contractual spending obligations while preserving operational and financial optionality, as well as future economic interest in the Salt Wells Project

HESPERIA, Calif., May 16, 2023 (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 (Fort Cady) Complex, announced today that it plans to host a conference call for shareholders and analysts on Thursday, May 18th at 6:00 pm EST to discuss recent company developments, advancements in the Company’s strategy, and the results of its recently completed technical study. The call will be hosted by executive management including Susan Brennan, newly appointed Chief Executive Officer of 5E Advanced Materials, Inc.

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HOUSTON, Oct. 02, 2022 (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 (Fort Cady) Complex, is pleased to invite shareholders and interested parties to an Investor briefing to be held via webcast on Monday, October 3, 2022 at 4:30pm ET (Tuesday, October 4, 2022 at 7:30am Australian Eastern Time).

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HOUSTON, Sept. 28, 2022 (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 (Fort Cady) Complex, today announced the resignation of its President and Chief Executive Officer, Mr. Henri Tausch, effective October 31, 2022.