On November 21, 2024, 5E Advanced Materials, Inc. provided a shareholder update, announcing a strategic decision to pursue calcium chloride as a byproduct alongside boric acid production. This decision is expected to yield a significant decrease in capital expenditure (CAPEX) needed for commercial scale development.
The company anticipates that pursuing calcium chloride as a byproduct will meaningfully improve the project’s rate of return and embed long-term shareholder value. This optimization is being incorporated into the commercial basis of design for the Fort Cady project.
Additionally, 5E announced the delivery of its first truckload of boric acid super sacks to a U.S. customer, marking a key commercial milestone. The company is actively negotiating contracts for 25% to 50% of its initial boric acid production in commercial Phase 1, with a line of sight towards securing additional tonnage for Phase 2.
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