5E Advanced Metals announces increase to borate, lithium resources

5E Advanced Materials announced a material increase to its borate and lithium resources for the Company’s Fort Cady Project located in the Mojave Desert, near the town of Newberry Springs, California. The mineral resources upgrade demonstrates the largest reported measured and indicated borate resources in the United States and further positions the Company to become the next commercial borate producer. Highlights of the Resource Upgrade: Total Measured and Indicated Mineral Resources of boric acid increased 61% from 17.5M tons to 28.3M tons with grade of 8.09%, an increase of 10.8M tons. Total Measured Mineral Resources of boric acid increased 170% from 3.3M tons to 9.1M tons with grade of 8.34%, an increase of 5.8M tons. Total Indicated Mineral Resources of boric acid increased 35% from 14.2M tons to 19.2M tons with grade of 7.97%, an increase of 5.0M tons. Total Measured and Indicated Mineral Resources of Lithium Carbonate Equivalent increased 54% from 213K tons to 328K tons with 0.17% LCE. Implied resource life of 217 years using first phase of production and excludes inferred resources. Project retains optionality for future expansion phases of additional production tonnage. “Combined with boron’s recent designation as a U.S. critical mineral, this resource upgrade reinforces Fort Cady’s potential to anchor a secure domestic boron supply chain for generations to come,” said Paul Weibel, CEO of 5E Advanced Materials. “With the milestones we have achieved, 5E is now well-positioned to unlock the strategic optionality and long-term value of this asset as we advance our vision of becoming America’s next leading boron supplier.”