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SummaryUpdated Jun 1, 2026
5E Advanced Materials Inc. (NASDAQ:FEAM) is a mineral exploration and development company that went public in March 2022. Founded in 2016 and formerly known as American Pacific Borates Limited, the company is headquartered in Houston, Texas, and focuses on developing critical mineral deposits in the United States and Australia. The company's primary asset is the Fort Cady project located in Southern California, which contains significant deposits of boron and lithium - two minerals considered critical for national security and the clean energy transition.
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5E Advanced Materials' subsidiary 5E SVM agreed to acquire specified assets from Searles Valley Minerals, Trona Railway Company and Searles Domestic Water Company for about $3.4 million in cash, 8.3 million shares of common stock and a $6.2 million senior unsecured promissory note, subject to Bankruptcy Court approval.6d agoThe White House recognized the Fort Cady boron project as part of President Trump's $2 billion critical minerals initiative at the American Mining Roundtable.42d agoThe Export-Import Bank of the United States announced an $8 million investment to support the Fort Cady boron project, which could unlock $285 million in project-level debt.42d ago