Tate Sullivan

Matthew Key

Ben Kallo

Canyon Hayes

Matt Summerville

- 5E Advanced Materials (FEAM) is a development-stage exploration project focused on boron, holding the **third largest deposit globally** and positioned as the only pure-play boron company in the U.S. stock market.  **[0001888654_2191531_1]** 
- A pre-feasibility study completed in August showed **robust economics** for the first phase of production, with a **$725 million Net Present Value (NPV)**, leading to a market cap increase from $75 million pre-PFS to **$150 million post-PFS**.  **[0001888654_2191531_1]** 
- The company has secured a **$285 million letter of interest** from the U.S. Export-Import Bank for project debt financing and is preparing to submit an application for a **$10 million debt facility** for FEED engineering.  **[0001888654_2191531_1]** **[0001888654_2191531_5]** 
- 5E Advanced Materials is actively campaigning for boron to be designated a critical mineral in the U.S., noting that such a designation has the potential to **double the stock overnight**.  **[0001888654_2191531_2]** **[0001888654_2191531_3]** 
- The company is permitted to produce **160,000 tons of boric acid** (90,000 tons of oxide) and projects an estimated **$190 to $100 million in annual EBITDA** for Phase 1, based on a forecasted boron price of **$1,250 per ton** and a cost profile of **$600 per ton**.  **[0001888654_2191531_5]**

5E Advanced Materials Reports Robust Pre-Feasibility Study Economics and Project Development

- **5E Advanced Materials (FEAM)** is a development-stage boron exploration project, holding the **third-largest boron deposit globally** and positioned as the **only pure-play boron company in the U.S. stock market**.  **[0001888654_2191526_1]** 
- A pre-feasibility study (PFS) completed in August revealed **robust economics with a $725 million Net Present Value (NPV)** for the first phase of production, contributing to a market capitalization increase from **$75 million pre-PFS to $150 million post-PFS**.  **[0001888654_2191526_1]** 
- The company has secured a **$285 million letter of interest from the U.S. Export Import Bank** to underpin project debt financing for commercial-scale development.  **[0001888654_2191526_1]** 
- The boron market is projected to grow at a **5% to 5.5% Compound Annual Growth Rate (CAGR)**, with demand currently outpacing supply, and 5E anticipates **$90-100 million in annual EBITDA** from Phase one production.  **[0001888654_2191526_1]** **[0001888654_2191526_2]** **[0001888654_2191526_4]** 
- Boron is recognized as a critical mineral by the UK, EU, and U.S. Department of Defense, and 5E is actively campaigning for its inclusion on other U.S. critical mineral lists.  **[0001888654_2191526_2]** **[0001888654_2191526_3]**

5E Advanced Materials Highlights Robust Project Economics and Strategic Market Position

- **Fiscal Year 2025** was a transformative year for 5E Advanced Materials, moving from development to commercial readiness, with a pre-feasibility study for Phase One validating a **39.5-year mine life**, an after-tax NPV of **$469 million**, and a **16% project IRR**.  **[1888654_2161336_1]** 
- The company has successfully **qualified its high-purity boric acid with 14 customers** across multiple segments and is advancing to **full-scale production testing** with a tier one specialty glass manufacturer.  **[1888654_2161336_1]** 
- A **non-binding Letter of Intent (LOI) from USXM** for a potential **$285 million project debt facility** has been received, supporting the path towards a **Final Investment Decision (FID) in mid-2026**.  **[1888654_2161336_1]** 
- 5E Advanced Materials is advocating for **boron's inclusion on the U.S. Geological Survey critical minerals list**, citing projected **supply shortfalls beginning in 2026** and the strategic review of a major competitor's borates business.  **[1888654_2161336_2]** **[1888654_2161336_3]** **[1888654_2161336_4]**

5E Advanced Materials Reports Transformative FY 2025, Validates Project Economics, and Secures Financing LOI

- **5E Advanced Materials** is progressing toward commercial production of its Fort Cady project, which has a pre-tax NPV of **$725 million** and a **39.5-year** mine life according to a Preliminary Feasibility Study.  **[1888654_68d1d7a6ca6648fd9be5ac83becde0c9]** 
- The company has qualified its high-purity boric acid with **14 customers** across various industries and is preparing for full-scale product testing with major manufacturers, having already produced **twenty tons** of the material.  **[1888654_68d1d7a6ca6648fd9be5ac83becde0c9]** 
- The capital estimate for the proposed commercial-scale facility is approximately **$435 million**, and 5E has secured a non-binding Letter of Intent for a potential **$285 million** debt facility from the U.S. EXIM Bank to support this.  **[1888654_68d1d7a6ca6648fd9be5ac83becde0c9]** 
- **5E** holds a strategic position as the **only pure-play boron stock in the U.S.**, controlling the largest fully permitted colemanite deposit, which is considered a strategically important asset with national security relevance.  **[1888654_68d1d7a6ca6648fd9be5ac83becde0c9]**

5E Advanced Materials Nears Commercial Production of Boron Project

- 5E Advanced Materials, Inc. completed an underwritten public offering of **2,374,481** shares of common stock at a public offering price of **$3.50 per share** on **August 25, 2025**.  **[1888654_0001888654-25-000021_feam-ex1_1.htm:0]** **[1888654_0001888654-25-000021_feam-20250821.htm:1]** **[1888654_0001888654-25-000021_feam-ex1_1.htm:4]** 
- The company received net proceeds of approximately **$7.3 million** from the offering.  **[1888654_0001888654-25-000021_feam-20250821.htm:1]** 
- The net proceeds are intended to be used primarily for the operation of its small-scale facility, wellfield development and analysis, advanced planning for FEL-3 engineering, and general corporate purposes, including working capital.  **[1888654_0001888654-25-000021_feam-20250821.htm:1]** 
- The company, its directors, executive officers, and certain stockholders agreed to a **90-day** lock-up period, restricting the sale or transfer of common stock following the offering's closing.  **[1888654_0001888654-25-000021_feam-20250821.htm:1]**