5E Advanced Materials announced the shipment of 20 tons of boric acid produced from its Fort Cady operations in Southern California. Later this week, the Company plans to ship an additional 1,000 pounds of boric acid for domestic boron carbide production. These shipments mark important milestones as the Company advances toward commercial production. The boric acid will be delivered to potential customers for evaluation and qualification as part of 5E’s ongoing engagement with downstream users in the energy, specialty glass, and defense sectors. China currently controls much of the boron carbide supply chain with limited alternative sources to secure the critical material domestically.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FEAM:
- 5E Advanced Materials’ Earnings Call Highlights Progress and Challenges
- 5E Advanced Materials Announces Virtual Annual Meeting
- 5E Advanced Metals price target lowered to $7 from $12 at Maxim
- 5E Advanced Materials Faces Nasdaq Delisting Risk: Implications for Investors and Future Growth
- 5E Advanced Metals remains on track to reach FID by mid-2026