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Stock impact report

5E Advanced Materials Closes Second Tranche of Equity Financing [Yahoo! Finance]

5E Advanced Materials, Inc. (FEAM) 
Company Research Source: Yahoo! Finance
HESPERIA, Calif., Jan. 30, 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 it has closed its previously announced second tranche of equity financing. The second closing included $7.75 million in new equity capital from 5ECAP, LLC. The Company previously closed $10 million on January 18 th . The capital closed will be deployed to continue initial production of boric acid and lithium carbonate and to complete the final stages of the processing plant. About 5E Advanced Materials, Inc. 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) is focused on becoming a vertically integrated global leader and supplier of boron specialty and advanced materials, complemented by lithium co-product production. The Company's mission is to become a supplier of these critical materials to industries addressin Show less Read more
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