5E

5E Advanced Materials Announces Agreement to Sell $6 Million of Additional Convertible Notes

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火曜日, 5月 28, 2024
ASX, Security (finance), 5E, Critical infrastructure, CAPEX, Bench, Government, Engineering, Boron, Note, OPEX, EPC, Advanced Materials, SPC

HESPERIA, Calif., May 28, 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, agreed to issue $6 million in additional senior secured convertible notes (the “Notes”). Bluescape Energy Partners and Ascend Global Investment Fund SPC will each purchase $3 million in additional Notes that will be initially convertible into common stock at $1.53 per share, with an August 2028 maturity, paying interest in-kind at 10%. The additional capital will facilitate the ongoing operation of the Small-Scale Facility and FEL-2 engineering while the Company progresses qualifying customers for commercial offtake agreements and continues to pursue various government funding applications.

Key Points: 
  • HESPERIA, Calif., May 28, 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, agreed to issue $6 million in additional senior secured convertible notes (the “Notes”).
  • Bluescape Energy Partners and Ascend Global Investment Fund SPC will each purchase $3 million in additional Notes that will be initially convertible into common stock at $1.53 per share, with an August 2028 maturity, paying interest in-kind at 10%.
  • The additional capital will facilitate the ongoing operation of the Small-Scale Facility and FEL-2 engineering while the Company progresses qualifying customers for commercial offtake agreements and continues to pursue various government funding applications.
  • Paul Weibel, Chief Financial Officer at 5E Advanced Materials, stated, “This new capital will provide additional cash resources to operate the small-scale facility as our team turns our focus towards engineering and financing for our large commercial operation.

5E Advanced Materials Commences Commercial Production At 5E Boron Americas Complex

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火曜日, 4月 2, 2024
Lithium, Advanced Materials, Boron, Critical infrastructure, National security, PLS, Research, ASX, Lithium carbonate, NDAA, Primary energy, Government, Fiscal, 5E, Economics, Mining

HESPERIA, Calif., April 02, 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 the Company’s operations team has successfully commissioned the facility and has launched full commercial operations.

Key Points: 
  • HESPERIA, Calif., April 02, 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 the Company’s operations team has successfully commissioned the facility and has launched full commercial operations.
  • 5E Boron Americas Complex is fully commissioned and has now transitioned to operational status.
  • Susan Brennan, Chief Executive Officer at 5E Advanced Materials, stated, “I am proud to announce that 5E has achieved the most significant milestone in our Company’s history, as we have recently commenced commercial production of boric acid at the 5E Boron America’s Complex.
  • 5E Advanced Materials will continue to keep its various stakeholders informed as commercial production progresses in April and as operations advance.

5E Advanced Materials Advances Closer to Initial Commercial Production

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日曜日, 2月 25, 2024
Prospectors, DOI, DOD, Mining, Marketing, 5E, Critical infrastructure, Interior, Government, Boron, Mine, ASX, Geological Society of London, PDAC, DOE, Ministry of Energy, Lithium

HESPERIA, Calif., Feb. 25, 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, provided an update on mining operations and related activities as it moves closer to initial production at the Company’s 5E Boron Americas Complex.

Key Points: 
  • HESPERIA, Calif., Feb. 25, 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, provided an update on mining operations and related activities as it moves closer to initial production at the Company’s 5E Boron Americas Complex.
  • “This is an exciting time for all stakeholders of the Company as we finalize a number of initiatives that will see us commence initial production next quarter,” commented Susan Brennan, Chief Executive Officer of 5E Advanced Materials.
  • Extracted solution from the Company’s initial production wells has produced boric acid after laboratory crystallization.
  • 5E intends to use product from initial production next quarter to complete product validation, which will be focused on product acceptance within a variety of boric acid consumers.

Dahua Technology Unveils 5E Initiative to Enhance Customer Experience

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木曜日, 2月 22, 2024
UI, Plug, 5E, Artificial intelligence of things, User-centered design, Plug and play, Dahua, Dahua Technology, Software

HANGZHOU, China, Feb. 22, 2024 /PRNewswire/ -- Dahua Technology, a world-leading video-centric AIoT solution and service provider, recently launched the "5E" initiative -- Easy Installation, Easy Connection, Easy Configuration, Easy Usage and Easy Maintenance.

Key Points: 
  • HANGZHOU, China, Feb. 22, 2024 /PRNewswire/ -- Dahua Technology, a world-leading video-centric AIoT solution and service provider, recently launched the "5E" initiative -- Easy Installation, Easy Connection, Easy Configuration, Easy Usage and Easy Maintenance.
  • The Dahua 5E embodies our commitment to tailoring easy-to-use products and solutions that not only meet evolving needs but also exceed customer expectations," said Eason Rao, Managing Director of Dahua Global Product Marketing.
  • Dahua aims to improve multi-device connectivity and third-party compatibility, offering a seamless integration experience for diverse customer environments.
  • Dahua has been streamlining product setup and debugging, including optimizing one-click video intercom settings and updating Dahua WEB 5.0, using scenario-based UI design.

Dahua Technology Unveils 5E Initiative to Enhance Customer Experience

Retrieved on: 
木曜日, 2月 22, 2024
UI, Plug, 5E, Artificial intelligence of things, User-centered design, Plug and play, Dahua, Dahua Technology, Software

HANGZHOU, China, Feb. 22, 2024 /PRNewswire/ -- Dahua Technology, a world-leading video-centric AIoT solution and service provider, recently launched the "5E" initiative -- Easy Installation, Easy Connection, Easy Configuration, Easy Usage and Easy Maintenance.

Key Points: 
  • HANGZHOU, China, Feb. 22, 2024 /PRNewswire/ -- Dahua Technology, a world-leading video-centric AIoT solution and service provider, recently launched the "5E" initiative -- Easy Installation, Easy Connection, Easy Configuration, Easy Usage and Easy Maintenance.
  • The Dahua 5E embodies our commitment to tailoring easy-to-use products and solutions that not only meet evolving needs but also exceed customer expectations," said Eason Rao, Managing Director of Dahua Global Product Marketing.
  • Dahua aims to improve multi-device connectivity and third-party compatibility, offering a seamless integration experience for diverse customer environments.
  • Dahua has been streamlining product setup and debugging, including optimizing one-click video intercom settings and updating Dahua WEB 5.0, using scenario-based UI design.

5E Advanced Materials Supports Congressional Push to Include Boron in 2025 Critical Minerals List

Retrieved on: 
月曜日, 2月 5, 2024
Glass, Life, Complex, Congress, National security, Legislation, Boron, National Defense Authorization Act, Government, House, Critical infrastructure, USGS, 5E, Fertilizer, Letter, ASX, Lithium

HESPERIA, Calif., Feb. 05, 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 (Fort Cady) Complex, articulated its support for the bipartisan effort in Congress to include boron in the U.S. Geologic Survey’s (USGS) 2025 Critical Mineral List.

Key Points: 
  • HESPERIA, Calif., Feb. 05, 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 (Fort Cady) Complex, articulated its support for the bipartisan effort in Congress to include boron in the U.S. Geologic Survey’s (USGS) 2025 Critical Mineral List.
  • The letter recognizes the significance of boron and its derivatives across multiple industries, including energy and defense systems, and the importance of boron in meeting U.S. clean energy goals.
  • “As one of the most versatile materials in the world, boron is used in over 300 applications that enable our way of life.
  • Including boron in the USGS Critical Minerals List would help ensure that the U.S. is not dependent on China for boron and would safeguard its utilization as a critical material.

5E Advanced Materials, Inc. Provides Update Confirming Boric Acid and Lithium at 5E Boron Americas Complex

Retrieved on: 
水曜日, 1月 24, 2024
ASX, Polish notation, Operation, Mining, PLS, Government, Critical infrastructure, 5E, PPM, Lithium, Boron

HESPERIA, Calif., Jan. 23, 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 mining operations at the Company’s 5E Boron Americas Complex are successfully running all four wells, and has confirmed the presence of lithium in the Pregnant Leach Solution (“PLS”) and an increasing head grade of the boric acid content.

Key Points: 
  • HESPERIA, Calif., Jan. 23, 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 mining operations at the Company’s 5E Boron Americas Complex are successfully running all four wells, and has confirmed the presence of lithium in the Pregnant Leach Solution (“PLS”) and an increasing head grade of the boric acid content.
  • Boric acid head grade has surpassed 5.0% and is on a steady upward trajectory, which exceeds historical levels.
  • Chris Knight, Vice President of Operations at 5E Advanced Materials, stated, “We are thrilled with our initial results confirming lithium content and a consistently increasing boric acid head grade.
  • As we move forward through the year, we will aim to continue executing against our strategic and operational milestones.”

5E Advanced Materials Selects EPC Contractor Fluor Corporation For Process Engineering Work on FEL-2

Retrieved on: 
金曜日, 1月 19, 2024
ASX, Fluor Corporation, Boron, Renewable energy, Food, Mining, Metal, Government, Critical infrastructure, 5E, EPC, PFS, Mineral

HESPERIA, Calif., Jan. 19, 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 the selection of Fluor Corporation (“Fluor”) as the Company’s engineering, procurement, and construction (EPC) services provider. The initial scope of Fluor will be to lead FEL-2 which will directly feed into the upgrading of the Company’s current S-K 1300 technical document into a Pre-feasiblity Study (PFS) upon completion.

Key Points: 
  • 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. 19, 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 the selection of Fluor Corporation (“Fluor”) as the Company’s engineering, procurement, and construction (EPC) services provider.
  • On May 11, 2023, the Company released the results of its S-K 1300 technical document on its 5E Boron Americas Complex located in Fort Cady, California.
  • Highlights of that study include:
    Susan Brennan, CEO of 5E Advanced Materials, stated, “We are thrilled to engage a worldclass EPC firm like Fluor, as their extensive track record will serve to be invaluable to 5E throughout this next phase of execution.
  • Additionally, the work being conducted by Fluor will play an important role in ultimately getting our 5E Boron Americas complex to the planned PFS-level study.

5E Advanced Materials Announces Stockholder Approval of Proposed Out of Court Restructuring

Retrieved on: 
土曜日, 1月 13, 2024
ASX, 5E, Government, Lithium, Boron, Critical infrastructure

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.

Key Points: 
  • 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.
  • Susan Brennan, CEO of 5E Advanced Materials, stated, “We are encouraged by the strong support and confidence our shareholders displayed today with the approval of all three proposals.
  • With the recapitalization plan now approved, it gives us ability to further our vision as the newest domestic producer of boric acid and lithium.
  • We would like to thank our shareholders for this vote of confidence in our organization and look forward to continuing the progress at the 5E Boron Americas Complex.”
    5E expects to consummate the initial closing related to the out of court restructuring transactions on January 17, 2024.

5E Advanced Materials Commences Mining Operations at 5E Boron Americas Complex

Retrieved on: 
火曜日, 1月 2, 2024
Lithium, Critical infrastructure, ASX, FEL, Government, 5E, Mining, Calendar, Engineering, EPA, Boron

HESPERIA, Calif., Jan. 02, 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 officially begun mining operations at the Company’s 5E Boron Americas Complex with the startup of the wellfield injection process.

Key Points: 
  • HESPERIA, Calif., Jan. 02, 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 officially begun mining operations at the Company’s 5E Boron Americas Complex with the startup of the wellfield injection process.
  • The Company is now working under its EPA UIC permit to begin extracting valuable minerals from its wholly owned project at Fort Cady.
  • Susan Brennan, 5E Advanced Materials CEO stated: “We are excited about reaching this major milestone through the launch of mining operations today at our 5E Boron Americas Complex.
  • The 5E team has been resilient through the construction process, navigating several challenges and ultimately bringing our facility on-line.