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- Small Scale Boron Facility (“SSBF”) Construction Underway with Mechanical Completion in Q4 2022
- The focus will shift from early boric acid production to boron advanced materials production, with activities such as:
- Identifying Boron Advanced Materials Families Where 5E Can Leverage Manufacturing Cost Advantages Over Current Industry Participants
- End User Partnership Discussions
- Integration of lithium production
- Strengthening management capabilities for large-scale complex facilities
- U.S. Government Support Collaborating with and Utilizing Catalysts
- Lithium Joint Product Partner Discussions Advance
- Major Boron Producers Suggest Further Price Increases for CQ1 2023
- U.S. Public Market Initiative Increases with Goal of Achieving Boron Mainstream Awareness
HOUSTON, Nov. 01, 2022 (GLOBE NEWSWIRE) — 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) (“5E” or the “Company”) is a U.S. government Lithium company. As designated by the 5E Boron Americas (Fort Cady) Complex, we are pleased to provide the latest information on the execution of corporate strategy.
corporate strategy
The 5E corporate strategy is to develop high-value, high-margin boron and lithium advanced materials that enable three global megatrends in decarbonization, food security, and securing domestic supplies of critical materials. To become a fully integrated global leader in production. 5E is currently the only substantially licensed company with an integrated business model supported by large domestic sources of boron and lithium. This gives us many unique advantages in terms of supply management, product development and a superior cost position compared to other domestic and international producers. Recognizing the importance of our boron and lithium assets, 5E renamed the Fort Caddy area to the 5E Boron America (Fort Caddy) Complex.
5E is also driven by geology in the context of limited new sources of boron available worldwide against market tightening evidenced by geopolitical supply risks and rising prices. Expected to benefit from long-term competitive advantage. This proposition is supported by anecdotal evidence from market participants suggesting that the world’s major boron producers are signaling further price increases in his 2023 CQ1.
The main objectives of corporate strategy are to:
- Mechanical completion of SSBF in Q4 2022 will enable large-scale complex, product qualification and feedstock optimization for initial production of boron advanced materials.
- Identification of the most valuable market opportunities for boron and lithium advanced materials products;
- completion of value engineering and operational optimization for the first meaningful production of boron and lithium;
- Initial production of boron advanced materials to establish market position and demonstrate competitive advantage in high value, high margin products.When
- Consider US government grants and loans, project finance, corporate and green bonds, and customer advances related to lithium and/or boron supply for decarbonization and fertilizer applications, and more broadly advanced materials. Incorporated non-dilutive funding execution.
Small Scale Boron Facility (“SSBF”)
SSBF mechanical completion is on track for Q4 2022. The site currently has his 70 construction workers, including 5E employees. This workforce is expected to grow to around 200 in November and December 2022. Images of his SSBF construction as of October 2022 are shown below.
Lithium by-product commercial discussion
On August 16, 2022, the Inflation Reduction Act of 2022 (“IRA”) was signed into law by U.S. President Joseph Biden. Among other initiatives, the law provides significant tax benefits to energy and climate change initiatives where materials are sourced from the United States or countries with which the United States has free trade agreements. This has led to significant interest in US sources of battery metals, including lithium.
5E’s Boron Americas (Fort Cady) Complex contains one of the only new large-scale sources of substantially licensed lithium in the United States, amid challenging supply and demand fundamentals, with potential Discussions with customer partners are underway.
Boron advanced materials strategy
We have made significant progress in terms of our boron advanced materials strategy. The company focuses on high-value, high-margin, future-proof applications that require boric acid as an enabling material.
Three boron advanced material families have been identified as our initial focus with a collective addressable market value of approximately $1 billion. The company is currently focused on pursuing the best market opportunities for in-house production of boron advanced materials using boric acid produced from the 5E Boron Americas (Fort Cady) Complex.
US IR Initiative
The company is engaged in multiple initiatives to broaden its market knowledge of boron and 5E unique boron and lithium opportunities in the US market. Multiple resources are currently working to engage with investors, and the company is pleased with the early feedback on his marketing initiative.
With a program of marketing initiatives such as Baird’s 2022 Global Industrial Conference and Benchmark Week running through November 2022, the company is excited about the prospect of introducing U.S. investors to the unique opportunity for boron and lithium. increase.
Release Approver: David Salisbury, Chairman of the Board
For more information, please contact:
| chance pipitone | JT Star Zecki | Chris Sullivan |
| PR for investors | chief marketing officer | media |
| cpipitone@5eadvancedmaterials.com | jstarzecki@5eadvancedmaterials.com | chris@macmillancom.com |
| Phone: +1 (346) 433-8912 | Phone: +1 (612) 719-5076 | Phone: +1 (917) 902-0617 |
About 5E Advanced Materials
5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) is committed to becoming a vertically integrated global leader and supplier of boron specialty and advanced materials, complemented by the production of lithium co-products. The company’s mission is to be the supplier of these critical materials to the global decarbonisation, food and domestic security industries. Boron and lithium products target applications in the areas of electric transportation, clean energy infrastructure such as solar and wind power, fertilizers, and domestic security. The business strategy and objective is to develop capabilities ranging from upstream boric acid, lithium carbonate and potentially other by-product extraction and product marketing to downstream boron advanced materials processing and development. The operation is based on large domestic boron and lithium resources located in Southern California and designated as critical infrastructure by the Cybersecurity and Infrastructure Security Agency of the Department of Homeland Security.
Forward-Looking Statements and Disclosures
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact regarding our business strategies, plans, goals and objectives contained in this press release are forward-looking statements.As used in this press release, “believe”, “plan”, “expect”, “expect”, “estimate”, “intend”, “budget”, “target”, “purpose”, “strategy”, “estimate”, “plan”, “guidance”, “outlook”, “intend”, “could”, “should”, “could”, “intended”, “intended” , “plans,” “plans to continue,” “although not all forward-looking statements contain such specific words, similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on 5E’s current expectations and assumptions about future events and are based on currently available information regarding the outcome and timing of future events. Forward-looking statements caution that we are subject to all risks and uncertainties, most of which are difficult to predict, many of which may be and beyond our control incidental to extraction, production and development.These risks include, but are not limited to: limited operations in the borate and lithium industry; Track record and lack of revenue from the proposed extraction business at our facility Need for significant additional funding to execute the business plan and ability to access capital and financial markets Known Regulations SK 1300 Our position as an exploration-stage company with no mineral reserves and a single-project reliance on uncertainties inherent in estimating mineral resources. Significant risks associated with the achievement of business strategies, including: We have incurred significant net operating losses to date and will continue to incur losses for the foreseeable future in connection with the development of the 5E Boron Americas Complex. Risks and Uncertainties and Other Risks: If one or more of these risks or uncertainties were to occur, or if the underlying assumptions proved incorrect, our actual results and plans could change. We make no representations or warranties (whether express or implied) with respect to any information, including projections, estimates, targets or opinions contained herein. should not be relied upon or included herein. False statements that are rare. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.
You should carefully review the Company’s Risk Factors and Other Disclosures on its Form 10-K filed on September 28, 2022 for additional information regarding these various factors. Additional risks are also disclosed in 5E’s filings with the US Securities and Exchange Commission. This includes Form 10-K, Form 10-Q, Form 8-K and filings with the Australian Securities Exchange. Forward-looking statements are provided only as of the date hereof. Except as required by law, 5E expressly disclaims any obligation to update or revise such forward-looking statements. Further, 5E undertakes no obligation to comment on 5E’s actual or projected financial or operating results or any third party analyzes or statements regarding its securities.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d7f8d49b-4027-4f94-859a-195df34f01b9.
