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5E Advanced Metals initiated with a Buy at H.C. Wainwright

H.C. Wainwright initiated coverage of 5E Advanced Metals (FEAM) with a Buy rating and $7.50 price target The firm says the company is positioning itself to become one of the first new U.S.-based boron producers in decades, entering a market that has been dominated by a global duopoly of Rio Tinto and Eti Maden.

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