5e advanced materials announces $6.35 million private placement

Funding to provide capital to stage-gate to the next stage of feed engineering with an update to the technical report on track in the near term 5e plans to issue 1,789,779 shares of common stock at $3.55 per share hesperia, ca / access newswire / may 13, 2025 / 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 entered into a securities purchase agreement to issue and sell 1,789,779 shares of common stock at a price of $3.55 per share in a private placement. the transaction is expected to close on may 15, 2025, subject to satisfaction of customary closing conditions.
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