5E Advanced Materials Secures $6.35 Million in Private Placement

5E Advanced Materials, Inc., a boron and lithium company designated as U.S. government Critical Infrastructure, has announced a private placement agreement to raise $6.35 million. The deal involves issuing 1,789,779 shares of common stock at $3.55 each and is expected to close on May 15, 2025. This funding is intended to advance the company's engineering design phase for its boron facility.

CEO Paul Weibel expressed satisfaction with the additional funding, which aims to bolster U.S. supply chains and job creation. The initiative aligns with recent executive orders emphasizing domestic mining. The capital raised is also expected to support the company's commercialization efforts during the current administration's term.

Further details will be disclosed in the company's filings with the SEC. The shares have not been registered under the Securities Act of 1933, and 5E will file a registration statement post-closing to facilitate resale. This announcement does not constitute a sale offer of 5E's securities.