5E Advanced Materials Closes Second Tranche of Equity Financing
HESPERIA, Calif., Jan. 30, 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 it has closed its previously announced second tranche of equity financing.
- HESPERIA, Calif., Jan. 30, 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 it has closed its previously announced second tranche of equity financing.
- The second closing included $7.75 million in new equity capital from 5ECAP, LLC.
- The Company previously closed $10 million on January 18th.
- The capital closed will be deployed to continue initial production of boric acid and lithium carbonate and to complete the final stages of the processing plant.