On May 13, 2025, 5E Advanced Materials, Inc. announced it entered into a securities purchase agreement for a private placement to issue and sell 1,789,779 shares of common stock. The shares were priced at $3.55 per share, raising $6.35 million in funding.
The transaction was expected to close on May 15, 2025, subject to customary closing conditions. This funding is intended to provide capital to stage-gate to the next phase of Front End Engineering Design (FEED) engineering.
The capital infusion will also support the company's efforts to update its technical report in the near term. This financing is crucial for advancing the development of 5E's large-scale boron facility and progressing towards commercialization.
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