Australian (ASX) Stock Market Forum

5EA - 5E Advanced Materials

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From Stockhead this morning:
5E Advanced Materials (ASX:5EA) was up more than 25% on news the step-rate testing is underway and should quickly ID the porosity of the boron-loving small cap’s ore body and form a base-line parameter at Fort Cady Borate project in California, which hosts a multi-generational borate resource where boric acid, borate specialty materials, gypsum, and potassium sulphate will be produced .......... Easy for them to say.

Quick charts from ASX - 5EA at yesterday's Close and from the Nasdaq this morning (still trading)

Screenshot 2023-10-12 064616.png
Screenshot 2023-10-12 064545.png
 
I also hope this donkey starts producing boron soon.

In the yearly comp.
Not confident but the share price is very cheap compared to what it was.
Does that represent value?
Probably not. Another bottom picker, hopefully.

Screenshot_20231227-231519.png
 
5EA has commenced work at its Americas Complex with the start-up of the wellfield injection process.

“The 5E team has been resilient through the construction process, navigating several challenges and ultimately bringing our facility on-line,” CEO Susan Brennan says.

“We look forward to 2024 as we continue advancing our vision as we now become the newest domestic producer of boric acid and lithium carbonate.”

... up 10 per cent.. to 25c
 
A few tipsters picked 5EA in the 2023 Yearly Comp. By the end of the year it had lost nearly 82%, so it has now been tagged as one of the 4 Dogs in 2023 Comp.

So we'll keep an eye on it this year so see how it goes. Since the start of this year 2024 it hasn't been off to a great start now down 7% this month already.

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ASX Announcement 2
4 January 2024

5E ADVANCED MATERIALS, INC. PROVIDES UPDATE CONFIRMING
BORIC ACID AND LITHIUM AT 5E BORON AMERICAS COMPLEX

Early success with in-situ mining operations is confirmed with boric acid head grade and lithium content since the company began injection on January 1st, 2024

HESPERIA, CA., January 24, 2024 (GLOBE NEWSWIRE) – 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) (“5E” or
the “Company”), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron
Americas Complex, today announced that mining operations at the Company’s 5E Boron Americas Complex are
successfully running all four wells, and has confirmed the presence of lithium in the Pregnant Leach Solution (“PLS”) and an increasing head grade of the boric acid content.

The Company has been operating the mine in California since January 1st, 2024, and is producing initial results that are
meeting or exceeding expectations.

Some of the initial operational highlights recognized to this point include:
• All four of the Injection/Recovery wells are fully operational, and in combination, are effectively managing the extraction of PLS.

• Boric acid head grade has surpassed 5.0% and is on a steady upward trajectory, which exceeds historical levels.

• The Company has confirmed the presence of lithium through its extraction process and continues to see the PPM (Parts Per Million) content increasing as the wells continue to be conditioned.

• Following the execution of a recent recapitalization, the Company has engaged an electrical contractor, now on-
site, to progress the final stages of the boric acid and gypsum areas of the plant.

• All related operational schedules remain on target for completion by early March.

Chris Knight, Vice President of Operations at 5E Advanced Materials, stated,
“We are thrilled with our initial results confirming lithium content and a consistently increasing boric acid head grade.
This marks another crucial step in validating all our mining assumptions and confirms the overall value of our ore body. 5E has already started off 2024 with great momentum.
We immediately launched operations across our wellfield, and the Company’s contractors are finalizing the
remaining areas of the processing plant, which will help to keep the 5E on its planned operational schedule.
As we move forward through the year, we will aim to continue executing against our strategic and operational milestones.”
@debtfree

Big wave bottom turn...😬🐒

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PROSPECTUS SUMMARY

This summary highlights selected information from this prospectus and does not contain all of the
information that is important to you in making an investment decision. You should read the entire prospectus carefully, including the information under the headings “Risk Factors,” “Cautionary Note Regarding Forward- Looking Statements,” and “Management’s Discussion and Analysis of Financial Condition and Results of
Operations” and the financial statements and the notes to those financial statements contained herein or
otherwise incorporated by reference in this prospectus.

Company Overview

We are focused on becoming a vertically integrated global leader and supplier of boron specialty and advanced materials, complemented by lithium co-product production.
Our mission is to become a supplier of these critical materials to industries addressing global decarbonization, food and domestic security. Boron and lithium products will target applications in the fields of electric transportation, clean energy infrastructure, such as solar and wind power, fertilizers, and domestic security.
The business strategy and objectives are to develop
capabilities ranging from upstream extraction and product sales of boric acid, lithium carbonate, and potentially
other co-products, to downstream boron advanced material processing and development.
The business is based
on our large domestic boron and lithium resource, which is located in Southern California and designated as Critical Infrastructure by the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency.

Recent Developments

Special Meeting of Stockholders
On January 12, 2024, the Company held a Special Meeting of Stockholders (the “Special Meeting”) where the following matters were voted upon and approved by the Company’s stockholders:
1. An amendment to the Company’s certificate of incorporation to increase the number of authorized shares of Common Stock from 180,000,000 to 360,000,000 (the “Amended and Restated Certificate of
Incorporation”);
2. The issuance of up to $35 million of the Company’s Common Stock at a price per share of $1.025 (the “Securities Offering”) to Ascend and 5ECAP, and including a $10 million option to purchase shares of Common Stock to Bluescape; and
3. The issuance of additional shares of the Company’s Common Stock upon conversion of the Company’s Convertible Notes.
On January 12, 2024, the Company filed its Amended and Restated Certificate of Incorporation with the
Secretary of State of the State of Delaware.

Restructuring Transactions
Amended and Restated Note Purchase Agreement

On January 18, 2024, the Company entered into the Amended and Restated Note Purchase Agreement, pursuant
to which the Convertible Notes, as amended and restated, bear interest at 4.50% per annum, payable semi-annually, or 10.00% per annum if the Company elects to pay such interest through the delivery of additional Convertible Notes, and are convertible into 66,261,621 shares of Common Stock at a conversion price of $1.5375 per share of Common Stock (assuming all accrued interest is paid-in-kind until maturity) in accordance with the
terms of the Amended and Restated Note Purchase Agreement. The Convertible Notes mature on August 15,
2028. Following certain corporate events that may occur prior to the maturity date, the Company will, in certain circumstances, increase the conversion rate for a holder who elects to convert its Convertible Notes in connection
with such a corporate event. In addition, the minimum cash covenant has been waived through June 28, 2024,
with a reduction in such covenant thereafter from $10 million to $7.5 million.
In connection with the amendment and restatement, Ascend and Meridian each acquired twenty-five percent
(25%) of the outstanding principal amount of the Convertible Notes (including accrued interest paid-in-kind) held by Bluescape.

First Closing of Private Placement

On January 18, 2024, pursuant to the Ascend Subscription Agreement and the Amended and Restated 5ECAP Subscription Agreement, the Company issued

(i) 5,365,854 shares to Ascend at a price of $1.025 per share, which shares include the placement fee paid to Ascend in shares of Common Stock and
(ii) 5,365,854 shares of Common Stock to 5ECAP at a price of $1.025 per share, which shares include the placement fee paid to 5ECAP in shares of Common Stock (the “First Closing”).

Second Closing of Private Placement

On January 29, 2024, pursuant to the Amended and Restated 5ECAP Subscription Agreement, the Company issued 8,370,733 additional shares of Common Stock to 5ECAP, at a price of $1.025 per share, which shares include the placement fee paid to 5ECAP in shares of Common Stock (the “Second Closing”).

Amended and Restated Investor and Registration Rights Agreement

On January 18, 2024, in connection with the Amended and Restated Note Purchase Agreement, the Company
entered into the A&R IRRA. Pursuant to the A&R IRRA, the Company granted Ascend, 5ECAP, Meridian, and Bluescape registration rights for the Resale Shares, which are the subject of this prospectus.
Corporate Information

We were incorporated in the State of Delaware on September 23, 2021 for the purposes of effecting the Reorganization. Our principal executive offices are located at 9329 Mariposa Road, Ste 210, Hesperia, CA 92344 and our telephone number is (442) 221-0225.
We maintain a website on the Internet at
http://www.5eadvancedmaterials.com.
Information contained on the website does not constitute a part of this prospectus. We have included our website address in this prospectus solely as an inactive textual reference.

Implications of Being a Smaller Reporting Company

We are a “smaller reporting company” meaning that the market value of our Common Stock held by non-affiliates is less than $250.0 million measured on the last business day of our second fiscal quarter or our annual revenue is less than $100.0 million during the most recent completed fiscal year and the market value of our Common Stock held by non-affiliates is less than $700.0 million measured on the last business day of our second fiscal quarter.
Accordingly, we may provide less public disclosure than larger public companies, including the inclusion of only two years of financial statements and only two years of management’s discussion and analysis of financial condition and results of operations disclosure.
As a result, the information that we provide to our stockholders may be different than you might receive from other public reporting companies in which you hold equity interests.
 
Speeding ticket today.

"5E Advanced Materials, Inc. (5E) – Response to ASX Price Query

We refer to your letter dated 28 February 2024 and respond as follows (using the numbering in your letter):
1 No. The Company is not aware of any information concerning it which has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities.
2 Not applicable.
3 The Company notes its recent operational update (released on 26 February 2024) confirming measurable progress towards near-term plant completion and that the Company remains on track to commence commercial operations in CY Q2 2024 at the 5E Boron Americas Complex in California.
The Company has undertaken testing from its initial production wells at its internal laboratory which has confirmed (via inductively coupled plasma mass spectrometry) commercial grade boric acid after laboratory crystallization and intends to send these results to an independent laboratory for analysis to validate commercial grade quality.

The Company also understands that there is a level of short selling activity in its securities. The Company is not otherwise aware of any explanation for the recent trading in the Company's securities."
 
One of the 4 Dogs (down -81.78%) in the 2023 Comp.
Nothing has changed at the moment, it's where it started the year off. Short term and Long term is still down but, I see a higher low that gives us hope.

1711488381721.png
 
debtfree said:
A few tipsters picked 5EA in the 2023 Yearly Comp. By the end of the year it had lost nearly 82%, so it has now been tagged as one of the 4 Dogs in 2023 Comp.

So we'll keep an eye on it this year so see how it goes. Since the start of this year 2024 it hasn't been off to a great start now down 7% this month already.

View attachment 169508
Click to expand...

debtfree said:
One of the 4 Dogs (down -81.78%) in the 2023 Comp.
Nothing has changed at the moment, it's where it started the year off. Short term and Long term is still down but, I see a higher low that gives us hope.

View attachment 173466
Click to expand...

Awesome. Thanks kindly.
Consider March done.



Hopefully closed the gap.

Screenshot_20240329-211210.png
 
These guys have made a handful of cocaine, I believe?
Might be boric acid powder?
Can't read the fine print.

Screenshot_20240430-155146-554.png

Screenshot_20240430-155114.png


This announcement tells me they aren't meeting customers specifications yet. Awesome.
 
frugal.rock said:
This announcement tells me they aren't meeting customers specifications yet. Awesome.
Click to expand...
One of the 4 Dogs (down -81.78%) in the 2023 Comp.

It's not good at all, we can't even get the ST EMAs above the L/T EMAs yet but can we find some positives ..... Price is nearly back to where it started the year off ..... the 0.165 Support line held from Feb this year.

1714461029898.png
 
debtfree said:
One of the 4 Dogs (down -81.78%) in the 2023 Comp.

It's not good at all, we can't even get the ST EMAs above the L/T EMAs yet but can we find some positives ..... Price is nearly back to where it started the year off ..... the 0.165 Support line held from Feb this year.
Click to expand...

There's been a bit of movement at the station ...... the support line held and the ST EMAs are now moving through the L/T EMAs. Momentum is moving upward at the moment so that's an improvement.

1716869132676.png
 
What can we say ..... I think it's trying to gain a bit of traction, maybe for next year. Only down -4.65% this year.
 

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