Boron Added to U.S. Critical Minerals List
Boron was officially recognized as a U.S. critical mineral, providing 5E Advanced Materials with expanded access to federal funding and strategic partnerships.
Customer Validation and Testing
Full-scale product testing is underway with multiple Tier 1 specialty glass manufacturers, and successful shipment of 20 tons of boric acid to Taiwan for live testing.
Strong Project Economics
Pre-feasibility study confirms a 39.5-year mine life, 19.2% pretax IRR, and a pretax NPV of $725 million for Phase 1 of the Ford Cady project.
Federal Funding Prospects
5E is eligible for several federal funding programs, including a $285 million letter of interest from the U.S. export-import bank and a $10 million loan application under the XM engineering multiplier program.