5E Advanced Materials Nears Commercial Production of Major U.S. Boron Project

5E Advanced Materials, Inc. is progressing toward commercial production with its Fort Cady project, supported by a Preliminary Feasibility Study highlighting robust economics, including a pre-tax NPV of $725 million and a 39.5-year mine life. The company has successfully qualified its high-purity boric acid with 14 customers across various industries such as specialty glass, agriculture, and defense, and is preparing for full-scale product testing with major manufacturers. Financially, the company reported a significant reduction in net loss to $31.6 million and is advancing capital estimates for its commercial facility to about $435 million. 5E benefits from strategic positioning as the only pure-play boron stock in the U.S., controlling a large colemanite deposit with critical infrastructure, aligning with national security and decarbonization needs. The company secured a non-binding LOI for a potential $285 million debt facility from the U.S. EXIM Bank and is pursuing additional funding to support engineering efforts. Overall, 5E aims to address global supply challenges for critical minerals by establishing a competitive domestic supply chain for borates and advanced boron materials.