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5E Advanced Materials Announces First Boric Acid Production and Extended Waiver of Cash Covenant [Financial Post (Toronto, Ontario, Canada)]

5E Advanced Materials, Inc. (FEAM) 
Company Research Source: Financial Post
First production of boric acid allows the company to commence customer qualification process to potentially become an approved supplier to targeted customers HESPERIA, Calif., April 29, 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 the Company's operations team has successfully achieved first production of boric acid and the Company amended its outstanding senior secured convertible notes to extend the waiver of the notes' cash covenant. Article content Article content First Production and Next Steps With the first production batch of boric acid now achieved, 5E will continue to refine operating parameters to meet and exceed customer specifications. 5E anticipates beginning the customer qualification process with a variety of customer prospects. The customer qualification process will Show less Read more
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