5E Advanced Materials Appoints Seasoned Borates Executive to Lead Commercial Program
5E Advanced Materials (Nasdaq: FEAM) (ASX: 5EA) has appointed Mark Zamek as Vice President of Commercial Products. Zamek brings over 20 years of industry experience, having held senior roles in Sales and Marketing at major global borate producers. His most recent positions include consulting for Eti Maden on U.S.-focused boron operations and serving as Key Global Accounts Manager at Rio Tinto's U.S. Borax.
CEO Paul Weibel emphasized that Zamek's expertise will be important for 5E's commercial development, particularly in advancing commercial contracting and off-take agreements. This appointment aligns with the company's evolving strategic priorities, focusing on establishing the business and securing debt financing. The addition of Zamek to the leadership team is expected to strengthen customer engagements and commercial partnerships as 5E aims to become a leading global supplier of boric acid and boron specialty materials.
5E Advanced Materials (Nasdaq: FEAM) (ASX: 5EA) ha nominato Mark Zamek come Vice Presidente dei Prodotti Commerciali. Zamek porta con sé oltre 20 anni di esperienza nel settore, avendo ricoperto ruoli di alto livello nelle vendite e nel marketing presso i principali produttori globali di borati. Le sue posizioni più recenti includono consulenze per Eti Maden sulle operazioni di boro focalizzate negli Stati Uniti e il ruolo di Key Global Accounts Manager presso U.S. Borax di Rio Tinto.
Il CEO Paul Weibel ha sottolineato che l'esperienza di Zamek sarà importante per lo sviluppo commerciale di 5E, in particolare per il progresso dei contratti commerciali e degli accordi di approvvigionamento. Questa nomina è in linea con le priorità strategiche in evoluzione dell'azienda, che si concentra sull'instaurazione del business e sulla sicurezza di finanziamenti tramite debito. L'aggiunta di Zamek al team di leadership dovrebbe rafforzare i rapporti con i clienti e le partnership commerciali, mentre 5E punta a diventare un fornitore globale leader di acido borico e materiali speciali a base di boro.
5E Advanced Materials (Nasdaq: FEAM) (ASX: 5EA) ha nombrado a Mark Zamek como Vicepresidente de Productos Comerciales. Zamek aporta más de 20 años de experiencia en la industria, habiendo ocupado roles senior en ventas y marketing en importantes productores globales de boratos. Sus posiciones más recientes incluyen ofrecer consultoría a Eti Maden sobre operaciones de boro enfocadas en EE. UU. y desempeñarse como Gerente de Cuentas Globales Clave en U.S. Borax de Rio Tinto.
El CEO Paul Weibel enfatizó que la experiencia de Zamek será importante para el desarrollo comercial de 5E, particularmente en la promoción de contratos comerciales y acuerdos de compra. Esta nombramiento se alinea con las prioridades estratégicas en evolución de la compañía, enfocándose en establecer el negocio y asegurar financiamiento mediante deuda. Se espera que la adición de Zamek al equipo de liderazgo fortalezca las relaciones con los clientes y las alianzas comerciales, mientras 5E aspira a convertirse en un proveedor global líder de ácido bórico y materiales especiales de boro.
5E Advanced Materials (Nasdaq: FEAM) (ASX: 5EA)는 Mark Zamek을 상업 제품 부사장으로 임명했습니다. Zamek은 주요 글로벌 붕소 생산업체에서 판매 및 마케팅 부문의 고위직을 맡은 20년 이상의 산업 경험을 보유하고 있습니다. 그의 가장 최근 직위에는 미국 중심의 붕소 운영에 대한 Eti Maden의 컨설팅과 Rio Tinto의 미국 Borax에서 글로벌 주요 계정 관리자 역할이 포함됩니다.
CEO Paul Weibel은 Zamek의 전문성이 5E의 상업적 발전에 중요할 것이라고 강조하며, 특히 상업 계약 및 구매 계약의 발전에 있어 중요하다고 말했습니다. 이번 임명은 사업을 확립하고 부채 자금을 확보하는 데 집중하고 있는 회사의 진화하는 전략적 우선사항과 일치합니다. Zamek의 영입은 고객 관계 및 상업적 파트너십을 강화할 것으로 기대되며, 5E는 붕산 및 특수 붕소 재료의 글로벌 선도 공급자가 되는 것을 목표로 하고 있습니다.
5E Advanced Materials (Nasdaq: FEAM) (ASX: 5EA) a nommé Mark Zamek au poste de Vice-Président des Produits Commerciaux. Zamek apporte plus de 20 ans d'expérience dans l'industrie, ayant occupé des postes de direction dans les ventes et le marketing auprès de principaux producteurs mondiaux de borates. Ses postes les plus récents incluent le conseil pour Eti Maden sur les opérations liées au bore aux États-Unis et le poste de Responsable des Comptes Clés Mondiaux chez U.S. Borax de Rio Tinto.
Le PDG Paul Weibel a souligné que l'expertise de Zamek serait importante pour le développement commercial de 5E, notamment pour faire progresser les contrats commerciaux et les accords d'achat. Cette nomination s'inscrit dans les priorités stratégiques en évolution de l'entreprise, qui se concentre sur l'établissement des activités et la sécurisation du financement par la dette. L'ajout de Zamek à l'équipe dirigeante devrait renforcer les relations avec les clients et les partenariats commerciaux alors que 5E vise à devenir un fournisseur mondial leader d'acide borique et de matériaux spécialisés à base de bore.
5E Advanced Materials (Nasdaq: FEAM) (ASX: 5EA) hat Mark Zamek zum Vizepräsidenten für kommerzielle Produkte ernannt. Zamek bringt über 20 Jahre Branchenerfahrung mit, da er leitende Funktionen im Vertrieb und Marketing bei großen globalen Boratproduzenten innehatte. Zu seinen jüngsten Positionen gehörten Beratungsdienste für Eti Maden im Bereich der US-Boron-Operationen und die Rolle des Key Global Accounts Managers bei U.S. Borax von Rio Tinto.
CEO Paul Weibel betonte, dass Zameks Fachwissen für die kommerzielle Entwicklung von 5E von Bedeutung sein wird, insbesondere zur Förderung von Handelsvertragsabschlüssen und Abnahmevereinbarungen. Diese Ernennung entspricht den sich weiterentwickelnden strategischen Prioritäten des Unternehmens, das sich darauf konzentriert, das Geschäft aufzubauen und eine Anschlussfinanzierung zu sichern. Die Hinzufügung von Zamek zum Führungsteam wird voraussichtlich die Kundenbeziehungen und kommerziellen Partnerschaften stärken, während 5E darauf abzielt, ein führender globaler Anbieter von Borsäure und spezialisierten Bor-Materialien zu werden.
- Appointment of experienced industry executive Mark Zamek as VP of Commercial Products
- Zamek's expertise expected to accelerate 5E's commercial strategy execution
- Potential for improved customer engagements and commercial partnerships
- Alignment with company's strategic priorities of business establishment and debt financing
- None.
New senior leadership appointment will be responsible for leading 5E’s commercial strategy, securing offtake agreements, and advancing customer engagement and partnerships
HESPERIA, Calif., Oct. 02, 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, announced the appointment of Mark Zamek to its senior leadership team.
Mr. Zamek joins the Company as its Vice President of Commercial Products and brings more than 20 years of direct industry experience, having held various senior roles across Sales and Marketing functions at the largest global borate producers. Most recently, Mr. Zamek served as a consultant for Eti Maden where he advised the U.S.-focused boron operations on commercial strategy and market expansion initiatives. Prior to that, Mr. Zamek served in numerous strategic Sales and Marketing roles for over twenty years with Rio Tinto’s U.S. Borax, most recently as Key Global Accounts Manager where he was responsible for managing the company’s largest global borates contract.
Paul Weibel, Chief Executive Officer of 5E Advanced Materials, commented, “We are excited to have Mark join our team, as his extensive experience and skillset will be a critical aspect of 5E’s commercial development. Mark’s expertise in the global borates markets will serve to strengthen and accelerate the execution of 5E’s commercial strategy as we look to leverage our initial production results to advance commercial contracting and off-take agreements with customers. As the Company’s strategic priorities evolve towards fully standing up the business and securing our debt financing, this appointment brings in a complementary skillset that is well-suited to facilitate and deepen 5E’s customer engagements and commercial partnerships. We are encouraged by the strategic and operational progress we have made in recent months, and this new addition to our leadership team will help 5E execute our vision of becoming a global leading supplier of boric acid and boron specialty materials.”
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 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 the company’s 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.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements other than statements of historical fact included in this press release regarding the company’s business strategy, plans, goals, and objectives, including regarding the anticipated changes to the company’s board of directors and management and anticipated benefits, are forward-looking statements. When used in this press release, the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “budget,” “target,” “aim,” “strategy,” “plan,” “guidance,” “outlook,” “intent,” “may,” “should,” “could,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on the Company’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. We caution you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond our control, incident to the extraction of the critical materials we intend to produce and advanced materials production and development. These risks include, but are not limited to: our limited operating history in the borates and lithium industries and no revenue from our proposed extraction operations at our properties; our need for substantial additional financing to execute our business plan and our ability to access capital and the financial markets; our status as an exploration stage company dependent on a single project with no known Regulation S-K 1300 mineral reserves and the inherent uncertainty in estimates of mineral resources; our lack of history in mineral production and the significant risks associated with achieving our business strategies, including our downstream processing ambitions; our incurrence of significant net operating losses to date and plans to incur continued losses for the foreseeable future; risks and uncertainties relating to the development of the Fort Cady project, including our ability to timely and successfully complete our proposed Commercial Scale Boron Facility; our ability to obtain, maintain and renew required governmental permits for our development activities, including satisfying all mandated conditions to any such permits; the implementation of and expected benefits from certain reduced spending measures, and other risks and uncertainties set forth in our filings with the U.S. Securities and Exchange Commission from time to time. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. These risks are not exhaustive and the information in this press release may be subject to additional risks. No representation or warranty (express or implied) is made as to, and no reliance should be place on, any information, including projections, estimates, targets, and opinions contained herein, and no liability whatsoever is accepted as to any errors, omissions, or misstatements contained herein. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as to the date of this press release.
For additional information regarding these various factors, you should carefully review the risk factors and other disclosures in the Company’s Form 10-K filed on September 9, 2024 and subsequent filings with the U.S. Securities and Exchange Commission throughout the year, as well as in its filings under the Australian Securities Exchange. Any forward-looking statements are given only as of the date hereof. Except as required by law, 5E expressly disclaims any obligation to update or revise any such forward-looking statements. Additionally, 5E undertakes no obligation to comment on third party analyses or statements regarding 5E’s actual or expected financial or operating results or its securities.
For further information contact:
Joseph Caminiti or Nathan Skown
Alpha IR Group
FEAM@alpha-ir.com
Ph: +1 (312) 445-2870
FAQ
Who is Mark Zamek and what is his new role at 5E Advanced Materials (FEAM)?
What are the main responsibilities of Mark Zamek in his new position at 5E Advanced Materials (FEAM)?
How does Mark Zamek's appointment align with 5E Advanced Materials' (FEAM) current strategic priorities?
What is 5E Advanced Materials' (FEAM) main business focus?
