5E Advanced Materials Announces $6.35 Million Private Placement
5E Advanced Materials (NASDAQ:FEAM) has announced a private placement of 1,789,779 shares of common stock at $3.55 per share, raising approximately $6.35 million. The transaction is expected to close on May 15, 2025. The funding will support the company's progression to the next phase of FEED (Front End Engineering Design) engineering for its 5E Boron Americas Complex, which holds U.S. government Critical Infrastructure designation.
The company plans to release an updated technical report summary in the near term. CEO Paul Weibel emphasized that this funding will help strengthen domestic boron supply chains and advance the company's large-scale boron facility toward commercialization. The project aims to reach commercial scale during the current administration's term and is expected to create skilled jobs while strengthening US exports.
5E Advanced Materials (NASDAQ:FEAM) ha annunciato un collocamento privato di 1.789.779 azioni ordinarie a 3,55 $ per azione, raccogliendo circa 6,35 milioni di dollari. La transazione è prevista per la chiusura il 15 maggio 2025. I fondi serviranno a sostenere l'avanzamento della società verso la fase successiva della progettazione ingegneristica FEED (Front End Engineering Design) per il suo complesso 5E Boron Americas, che ha ottenuto la designazione di Infrastruttura Critica dal governo degli Stati Uniti.
L'azienda prevede di pubblicare a breve un aggiornamento del riepilogo tecnico. Il CEO Paul Weibel ha sottolineato che questo finanziamento contribuirà a rafforzare le catene di approvvigionamento nazionali del boro e a far progredire la grande struttura di produzione di boro verso la commercializzazione. Il progetto mira a raggiungere la scala commerciale durante l'attuale mandato amministrativo e si prevede creerà posti di lavoro qualificati, rafforzando al contempo le esportazioni statunitensi.
5E Advanced Materials (NASDAQ:FEAM) ha anunciado una colocación privada de 1.789.779 acciones comunes a 3,55 $ por acción, recaudando aproximadamente 6,35 millones de dólares. Se espera que la transacción se cierre el 15 de mayo de 2025. Los fondos apoyarán el avance de la compañía hacia la siguiente fase de ingeniería FEED (Front End Engineering Design) para su Complejo 5E Boron Americas, que tiene la designación de Infraestructura Crítica del gobierno de EE.UU.
La empresa planea publicar un resumen actualizado del informe técnico en el corto plazo. El CEO Paul Weibel enfatizó que esta financiación ayudará a fortalecer las cadenas de suministro domésticas de boro y a avanzar la planta de boro a gran escala hacia la comercialización. El proyecto apunta a alcanzar la escala comercial durante el mandato de la administración actual y se espera que genere empleos calificados mientras fortalece las exportaciones estadounidenses.
5E Advanced Materials (NASDAQ:FEAM)는 1,789,779주의 보통주를 주당 3.55달러에 사모 발행하여 약 635만 달러를 조달한다고 발표했습니다. 거래는 2025년 5월 15일에 마감될 예정입니다. 이 자금은 미국 정부의 중요 인프라 지정이 된 5E Boron Americas Complex의 FEED(Front End Engineering Design) 엔지니어링 다음 단계 진행을 지원할 것입니다.
회사는 가까운 시일 내에 업데이트된 기술 보고서 요약을 발표할 계획입니다. CEO 폴 와이벨은 이번 자금 조달이 국내 붕소 공급망을 강화하고 회사의 대규모 붕소 시설을 상업화 단계로 진전시키는 데 도움이 될 것이라고 강조했습니다. 이 프로젝트는 현 행정부 임기 내에 상업 규모에 도달하는 것을 목표로 하며, 숙련된 일자리를 창출하고 미국 수출을 강화할 것으로 기대됩니다.
5E Advanced Materials (NASDAQ:FEAM) a annoncé un placement privé de 1 789 779 actions ordinaires à 3,55 $ par action, levant environ 6,35 millions de dollars. La transaction devrait se clôturer le 15 mai 2025. Ce financement soutiendra la progression de l'entreprise vers la prochaine phase d'ingénierie FEED (Front End Engineering Design) pour son complexe 5E Boron Americas, désigné comme infrastructure critique par le gouvernement américain.
L'entreprise prévoit de publier prochainement un résumé mis à jour du rapport technique. Le PDG Paul Weibel a souligné que ce financement aidera à renforcer les chaînes d'approvisionnement nationales en bore et à faire avancer la grande installation de bore de l'entreprise vers la commercialisation. Le projet vise à atteindre une échelle commerciale durant le mandat de l'administration actuelle et devrait créer des emplois qualifiés tout en renforçant les exportations américaines.
5E Advanced Materials (NASDAQ:FEAM) hat eine Privatplatzierung von 1.789.779 Stammaktien zu je 3,55 $ pro Aktie angekündigt und damit rund 6,35 Millionen Dollar eingenommen. Der Abschluss der Transaktion wird für den 15. Mai 2025 erwartet. Die Finanzierung soll den Fortschritt des Unternehmens zur nächsten Phase des FEED (Front End Engineering Design) für den 5E Boron Americas Complex unterstützen, der als kritische Infrastruktur der US-Regierung eingestuft ist.
Das Unternehmen plant, in Kürze eine aktualisierte technische Berichtszusammenfassung zu veröffentlichen. CEO Paul Weibel betonte, dass diese Finanzierung dazu beitragen wird, die inländischen Bor-Versorgungsketten zu stärken und die großtechnische Boranlage des Unternehmens auf die Kommerzialisierung vorzubereiten. Das Projekt zielt darauf ab, während der Amtszeit der aktuellen Regierung die kommerzielle Größe zu erreichen und soll qualifizierte Arbeitsplätze schaffen sowie die US-Exporte stärken.
- Secured $6.35 million in new funding to advance FEED engineering
- Project has U.S. government Critical Infrastructure designation
- Technical report update coming in the near term
- Strategic positioning to address U.S. boron supply chain vulnerabilities
- Dilutive effect of issuing 1,789,779 new shares
- Securities are restricted and not immediately tradeable
- Project still in pre-commercial phase requiring additional capital
Insights
5E secured $6.35M in funding to advance its boron facility project, supporting its strategic position in critical mineral supply chains.
5E Advanced Materials has secured
This private placement represents approximately
The transaction highlights 5E's strategic positioning within the critical minerals space. The company operates the 5E Boron Americas Complex, which has received U.S. government Critical Infrastructure designation – a significant competitive advantage. This status aligns with recent executive orders emphasizing domestic mining importance and supply chain security, particularly for materials like boron where supply chain vulnerabilities exist.
The company's emphasis on reaching commercial scale during the current administration indicates a strategic timeline that could coincide with favorable policy implementations. For investors, this placement demonstrates continued support for 5E's vision to develop a domestic boron supply, though the relatively small size suggests this is bridge financing rather than a comprehensive funding solution for full-scale commercial operations.
Funding to provide capital to stage-gate to the next stage of FEED engineering with an update to the technical report on track in the near term
5E plans to issue 1,789,779 shares of common stock at
HESPERIA, CA / ACCESS Newswire / May 13, 2025 / 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 it has entered into a securities purchase agreement to issue and sell 1,789,779 shares of common stock at a price of
Paul Weibel, Chief Executive Officer of 5E Advanced Materials, stated, "We are pleased to secure additional funding that provides 5E with the ability to progress towards commercialization of our large-scale boron facility. This capital will allow 5E to play our role in strengthening domestic supply chains to ensure that the United States no longer has a single point of failure in the strategically important boron supply chain. Recent executive orders have stressed the importance of mining in the United States, and 5E boasts a multi-generational resource that is progressing towards shovel-ready status and is targeting to reach commercial scale during the current administration's term. We believe 5E's project and commercialization can catalyze skilled job creation in America while bolstering US exports and the national industrial base, and this funding drives us towards our business goals."
Additional details regarding the private placement will be included in filings with the Securities and Exchange Commission ("SEC").
The securities to be issued in the private placement have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or securities laws of any state or other jurisdiction, and may not be resold absent registration under, or exemption from registration under, the Securities Act of 1933. 5E has agreed to file a registration statement with the SEC following the closing of the private placement to register the resale of the shares of common stock to be sold in the transaction.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of 5E, nor shall there be any sale of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
About 5E Advanced Materials, Inc.
5E Advanced Materials, Inc. (NASDAQ:FEAM)(ASX:5EA) is focused on becoming a vertically integrated global leader and supplier of boron specialty and advanced materials, complemented by lithium co-product production. The Company's mission is to become a supplier of these critical materials to industries addressing global decarbonization, food and domestic security. Boron and lithium products will target applications in the fields of electric transportation, clean energy infrastructure, such as solar and wind power, fertilizers, and domestic security. The business strategy and objectives are to develop capabilities ranging from upstream extraction and product sales of boric acid, lithium carbonate and potentially other co-products, to downstream boron advanced material processing and development. The business is based on our large domestic boron and lithium resource, which is located in Southern California and designated as Critical Infrastructure by the Department of Homeland Security's Cybersecurity and Infrastructure Security Agency.
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements other than statements of historical fact included in this press release regarding the Company's business strategy, plans, goals, and objectives, including regarding the expected closing date of the private placement transaction and the anticipated benefits of the private placement transaction, are forward-looking statements. When used in this press release, the words "believe," "project," "expect," "forecast," "anticipate," "estimate," "intend," "seek," "budget," "target," "aim," "strategy," "plan," "guidance," "outlook," "intent," "may," "should," "could," "will," "would," "will be," "will continue," "will likely result," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on the Company's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. We caution you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond our control, incident to the extraction of the critical materials we intend to produce and advanced materials production and development. These risks include, but are not limited to: our limited operating history in the borates and lithium industries and no revenue from our proposed extraction operations at our properties; our need for substantial additional financing to continue as a going concern and to execute our business plan and our ability to access capital and the financial markets; our status as an exploration stage company dependent on a single project with no known Regulation S-K 1300 mineral reserves and the inherent uncertainty in estimates of mineral resources; our lack of history in mineral production and the significant risks associated with achieving our business strategies, including our downstream processing ambitions; our incurrence of significant net operating losses to date and plans to incur continued losses for the foreseeable future; risks and uncertainties relating to the development of the Fort Cady project, including our ability to timely and successfully complete our proposed Commercial Scale Boron Facility, and related matters on a timely manner or at all; our ability to obtain, maintain and renew required governmental permits for our development activities, including satisfying all mandated conditions to any such permits; the implementation of and expected benefits from certain reduced spending measures; and other risks and uncertainties set forth in our filings with the U.S. Securities and Exchange Commission from time to time. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. These risks are not exhaustive and the information in this press release may be subject to additional risks. No representation or warranty (express or implied) is made as to, and no reliance should be placed on, any information, including projections, estimates, targets, and opinions contained herein, and no liability whatsoever is accepted as to any errors, omissions, or misstatements contained herein. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as to the date of this press release.
For additional information regarding these various factors, you should carefully review the risk factors and other disclosures in the Company's Form 10-K filed on September 9, 2024 and subsequent filings with the U.S. Securities and Exchange Commission, as well as in its filings under the Australian Securities Exchange. Any forward-looking statements are given only as of the date hereof. Except as required by law, 5E expressly disclaims any obligation to update or revise any such forward-looking statements. Additionally, 5E undertakes no obligation to comment on third party analyses or statements regarding 5E's actual or expected financial or operating results or its securities.
For further information contact:
Nathan Skown or Joseph Caminiti |
SOURCE: 5E Advanced Materials, Inc.
View the original press release on ACCESS Newswire
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