5E Advanced Materials Supports Fastmarkets’ Efforts to Increase Visibility of the Global Boron Market
5E Advanced Materials (Nasdaq: FEAM) supports Fastmarkets' relaunch of technical-grade boric acid price assessments. This move aims to increase transparency in the global boron market, particularly for the permanent magnet, energy, and defense sectors. J.T. Starzecki, Chief Strategy Officer of 5E, believes this effort will create a more efficient marketplace and highlight the growing importance of boron in the energy transition and other critical industries.
5E, with its U.S. government Critical Infrastructure designation for the 5E Boron Americas Complex, sees this development as aligning with its vision to become a global leader in boric acid and boron specialty materials. The company views Fastmarkets' initiative as a step towards broader visibility for the boron market, complementing recent support from industry, legislators, and federal agencies.
5E Advanced Materials (Nasdaq: FEAM) supporta il rilancio da parte di Fastmarkets delle valutazioni del prezzo dell'acido borico di grado tecnico. Questo passo mira a aumentare la trasparenza nel mercato globale del boro, in particolare per i settori dei magneti permanenti, dell'energia e della difesa. J.T. Starzecki, Chief Strategy Officer di 5E, crede che questo sforzo creerà un mercato più efficiente e metterà in evidenza l'importanza crescente del boro nella transizione energetica e in altre industrie critiche.
5E, con la sua designazione di Infrastruttura Critica dal governo degli Stati Uniti per il Complesso Boron Americas di 5E, considera questo sviluppo in linea con la sua visione di diventare un leader globale nei materiali speciali di acido borico e boro. L'azienda vede l'iniziativa di Fastmarkets come un passo verso una maggiore visibilità per il mercato del boro, completando il recente sostegno proveniente dall'industria, dai legislatori e dalle agenzie federali.
5E Advanced Materials (Nasdaq: FEAM) apoya el relanzamiento por parte de Fastmarkets de las evaluaciones de precios del ácido bórico de grado técnico. Este movimiento tiene como objetivo aumentar la transparencia en el mercado global del boro, particularmente para los sectores de imanes permanentes, energía y defensa. J.T. Starzecki, Director de Estrategia de 5E, cree que este esfuerzo creará un mercado más eficiente y destacará la creciente importancia del boro en la transición energética y en otras industrias críticas.
5E, con su designación de Infraestructura Crítica del gobierno de EE. UU. para el Complejo Boron Americas de 5E, ve este desarrollo como alineado con su visión de convertirse en un líder global en materiales especiales de ácido bórico y boro. La empresa considera la iniciativa de Fastmarkets como un paso hacia una mayor visibilidad del mercado del boro, complementando el reciente apoyo de la industria, legisladores y agencias federales.
5E Advanced Materials (Nasdaq: FEAM)는 Fastmarkets가 기술 등급 붕산 가격 평가를 재발표하는 것을 지원합니다. 이 조치는 전 세계 붕소 시장의 투명성을 높이는 것을 목표로 하며, 특히 영구 자석, 에너지 및 방위 분야에 중점을 둡니다. 5E의 최고 전략 책임자 J.T. Starzecki는 이 노력이 더 효율적인 시장을 만들고 에너지 전환에서의 붕소의 중요성이 증가하고 있는 점을 강조할 것이라고 믿고 있습니다.
미국 정부의 중요 인프라 지정으로 5E Boron Americas Complex를 갖춘 5E는 이 발전이 붕산 및 붕소 특수 재료에서 세계적인 리더가 되겠다는 비전에 부합한다고 보고 있습니다. 이 회사는 Fastmarkets의 이니셔티브를 붕소 시장에 대한 더 넓은 가시성을 갖기 위한 단계로 보고, 최근 산업계, 입법자 및 연방 기관의 지원을 보완하고 있습니다.
5E Advanced Materials (Nasdaq: FEAM) soutient la relance des évaluations de prix de l'acide borique de qualité technique par Fastmarkets. Ce mouvement vise à accroître la transparence sur le marché mondial du bore, en particulier pour les secteurs des aimants permanents, de l'énergie et de la défense. J.T. Starzecki, Directeur de la stratégie de 5E, pense que cet effort créera un marché plus efficace et mettra en avant l'importance croissante du bore dans la transition énergétique et d'autres secteurs critiques.
5E, avec son designation d'infrastructure critique par le gouvernement américain pour le complexe 5E Boron Americas, considère ce développement comme aligné avec sa vision de devenir un leader mondial dans les matériaux spécialisés d'acide borique et de bore. L'entreprise voit l'initiative de Fastmarkets comme une étape vers une meilleure visibilité du marché du bore, complétant le soutien récent venu de l'industrie, des législateurs et des agences fédérales.
5E Advanced Materials (Nasdaq: FEAM) unterstützt die Wiederbelebung der Preisbewertungen für technische Boraxsäure durch Fastmarkets. Dieser Schritt zielt darauf ab, die Transparenz im globalen Bor-Markt zu erhöhen, insbesondere für die Sektoren Permanentmagnet, Energie und Verteidigung. J.T. Starzecki, Chief Strategy Officer von 5E, glaubt, dass dieses Bestreben einen effizienteren Markt schaffen und die zunehmende Bedeutung von Bor im Energiewandel sowie in anderen kritischen Industrien hervorheben wird.
5E sieht diese Entwicklung, verbunden mit der Einstufung als Kritische Infrastruktur durch die US-Regierung für den 5E Boron Americas Complex, als Teil seiner Vision, ein globaler Marktführer in Boraxsäure und Spezialmaterialien aus Bor zu werden. Das Unternehmen betrachtet die Initiative von Fastmarkets als Schritt zu einer größeren Sichtbarkeit des Bor-Marktes, Ergänzung der jüngsten Unterstützung aus der Industrie, von Gesetzgebern und Bundesbehörden.
- Fastmarkets' relaunch of boric acid price assessments may increase market transparency
- Potential for a more efficient boron marketplace
- Growing recognition of boron's importance in energy transition and critical industries
- Alignment with 5E's vision to become a global leader in boric acid and boron specialty materials
- None.
Company applauds Fastmarkets as it relaunches price assessments for technical-grade boric acid, helping support improved market transparency
HESPERIA, Calif., Aug. 13, 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 announces its support for, and applauds the decision by Fastmarkets to relaunch its boric acid price assessments and data.
Fastmarkets, one of the most reputable cross-commodity price reporting agencies (PRA) across the global metals, mining, and new generation energy markets, relaunched its price assessments for technical grade boric acid. Fastmarkets expressed its intention to bring more transparency to the boron market, and these prices aim to serve the permanent magnet, energy and defense sectors.
J.T. Starzecki, Chief Strategy Officer of 5E Advanced Materials commented, “We applaud Fastmarkets for the agency’s relaunch of a technical-grade boric acid price. We believe this effort enhances overall clarity in market pricing for the commodity, which in turn will help to create a more efficient marketplace and bring more buyers and sellers together. Additionally, we believe this effort underscores the increasing significance of boron and boric acid in the ongoing energy transition and other critically important industries it serves.
Starzecki concluded, “5E is dedicated to executing its vision to become a global leader and supplier of boric acid and boron specialty materials, and these price assessments help broaden the visibility of the global boron market. Further, this builds on the growing support that the critical material has received recently from industry, legislators, and federal agencies.”
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 our 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 our business strategy, plans, goal, and objectives 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 Small 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; our ability to successfully implement the out of court restructuring transaction and raise the maximum funding contemplated thereby; 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 August 30, 2023. Additional risks are also disclosed by 5E in its filings with the U.S. Securities and Exchange Commission throughout the year, including its Form 10-K, Form 10-Qs and Form 8-Ks, 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:
| Nick Teves or Joseph Caminiti Alpha IR Group FEAM@alpha-ir.com Ph: +1 (312) 445-2870 | J.T. Starzecki Chief Strategy Officer jstarzecki@5eadvancedmaterials.com Ph: +1 (612) 719-5076 |
FAQ
What is the significance of Fastmarkets relaunching boric acid price assessments for FEAM?
How might Fastmarkets' boric acid price assessments affect FEAM's market position?
What industries are expected to benefit from Fastmarkets' boric acid price assessments, according to FEAM?
What is FEAM's current status in terms of government recognition?
