5E

5E Advanced Materials Advances Closer to Initial Commercial Production

Retrieved on: 
Sunday, February 25, 2024

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

Retrieved on: 
Thursday, February 22, 2024

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: 
Thursday, February 22, 2024

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: 
Monday, February 5, 2024

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: 
Wednesday, January 24, 2024

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: 
Friday, January 19, 2024

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: 
Saturday, January 13, 2024

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: 
Tuesday, January 2, 2024

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.

5E Advanced Materials Announces Restructuring Support Agreement and New Equity Capital

Retrieved on: 
Wednesday, December 6, 2023

Pursuant to the previously announced Standstill Agreement, the Lender has agreed to reduce the minimum required cash covenant in the notes to zero until June 28, 2024.

Key Points: 
  • Pursuant to the previously announced Standstill Agreement, the Lender has agreed to reduce the minimum required cash covenant in the notes to zero until June 28, 2024.
  • The Transaction will further secure the Company’s pathway to operations and the extraction of boric acid and lithium at its 5E Boron Americas complex.
  • 5E intends to file a preliminary proxy statement for a special meeting of stockholders seeking approval of the Transaction.
  • In addition, stockholders may obtain free copies of the proxy statement and other relevant materials by directing a request to: 5E Advanced Materials, Inc., 9329 Mariposa Road, Suite 210, Hesperia, CA 92344.

5E Advanced Materials Receives EPA Authorization

Retrieved on: 
Wednesday, November 22, 2023

HESPERIA, Calif., Nov. 22, 2023 (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 confirmed that it has received authorization to begin the in-situ mining process from the Environmental Protection Agency (“EPA” or “Agency”).

Key Points: 
  • HESPERIA, Calif., Nov. 22, 2023 (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 confirmed that it has received authorization to begin the in-situ mining process from the Environmental Protection Agency (“EPA” or “Agency”).
  • The comprehensive testing program ensures that the Company and its 5E Boron Americas Complex are positioned to commence initial operations safely and efficiently.
  • I want to thank the entire 5E team for the relentless efforts undertaken to reach this key milestone,” said Susan Brennan, Chief Executive Officer of 5E Advanced Materials.
  • 5E now becomes the next domestic producer of critical materials and strengthens the U.S. supply chain.”