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Stock impact report

5E Advanced Materials Provides Shareholder Update for the Quarter and Year Ended June 30, 2024

5E Advanced Materials, Inc. (FEAM) 
Company Research Source: GlobeNewswire
HESPERIA, Calif., Sept. 04, 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 provided a shareholder update and review of the period ended June 30, 2024.   HIGHLIGHTS The Small-Scale Boron Facility has been producing boric acid, gathering data to further optimize the production process, and refining production efficiency, quality, and economicsThe Company’s recent capital raise provides 5E with the runway to complete FEL-2 engineering, upgrade the current technical report to a Pre-Feasibility Study (PFS), continue ongoing operation and process optimization of the small-scale facility, facilitate commercial agreements, and progress various government funding initiatives5E is executing on optimization work to drive a cost-effective production rate, while evaluating other opportunities to reduce Show less Read more
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