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Stock impact report

5E Advanced Materials Provides Shareholder Update Call Highlighting By-Product Decision and First Commercial Delivery of Boric Acid

5E Advanced Materials, Inc. (FEAM) 
Company Research Source: GlobeNewswire
HESPERIA, Calif., Nov. 21, 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, today provides a shareholder update and review of the first quarter ended September 30, 2024. HIGHLIGHTS 5E has assessed and scoped its commercial phase design package to include calcium chloride production, which we anticipate will reduce Phase 1 commercial CAPEX by approximately 15% and improve project rates of return;5E’s commercial progress is advancing with momentum as the Company has delivered its first full truckload shipment of boric acid super sacks to a U.S. customer;The Company’s expanded cost optimization initiative has further streamlined operations, and is estimated to yield approximately $2.2 million in operating expense improvement for calendar year 2025;The Company’s small-scale boron facility has achiev Show less Read more
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