5E Advanced Materials Receives Letter of Interest for Up to $285 Million in Debt Financing from U.S. EXIM
5E Advanced Materials, Inc. (FEAM)
Company Research
Source: GlobeNewswire
5E’s project qualifies under the Export-Import Bank of the United States’ Make More in America Initiative Letter of Interest will consider potential future funding of $285 million of 5E’s project costs Initial program qualification is based on U.S. exports of boric acid and the number of U.S. jobs created HESPERIA, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) (“5E” or the “Company”), a boron and lithium company in southern California, announced that it received a non-binding Letter of Interest (“LOI”) from the Export-Import Bank of the United States (“EXIM”). The LOI outlines the potential for the creation of a debt facility to backstop project debt financing of up to $285 million, which would be utilized for commercial scale development and construction of 5E’s Boron Americas Complex. The potential debt funding package would carry a repayment tenor of up to 15 years under EXIM’s Make More in America Initiative. 5E’s
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FEAM
News
- 5E Advanced Materials Provides Shareholder Update Call Highlighting By-Product Decision and First Commercial Delivery of Boric Acid [Yahoo! Finance]Yahoo! Finance
- 5E Advanced Materials Provides Shareholder Update Call Highlighting By-Product Decision and First Commercial Delivery of Boric AcidGlobeNewswire
- 5E Advanced Materials to Host Investor Update Conference Call Post First Quarter 2025 Earnings ReleaseGlobeNewswire
- 5E Advanced Materials Expands Commercial Team With Strategic Hire to Target APAC Specialty Glass MarketGlobeNewswire
- 5E Advanced Materials Reports Steady State Operations and Obtains Tax Exclusion For Lithium CapexGlobeNewswire
FEAM
Earnings
- 2/14/24 - Miss
FEAM
Sec Filings
- 11/21/24 - Form 8-K
- 11/14/24 - Form SC
- 11/13/24 - Form 10-Q
- FEAM's page on the SEC website