Streetbeat News

FEAM

5E Advanced Materials Inc.

https://5eadvancedmaterials.com

Industry

Chemicals - Specialty

5E Advanced Materials Inc. engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It focuses on the Fort Cady project located in Southern California. The company was formerly known as American Pacific Borates Limited. 5E Advanced Materials Inc. was incorporated in 2016 and is headquartered in Houston, Texas.

Open

0.49

Mkt cap

35M

Volume

92K

High

0.53

P/E Ratio

-0.43

52-wk high

2.48

Low

0.49

Div yield

N/A

52-wk low

0.40

5E Advanced Materials announced a strategic decision to focus on calcium chloride as a by-product to reduce capital expenditures. The company reported positive progress in its small-scale facility production, plant operations, commercial developments, and capital funding.

Portfolio Pulse from

November 21, 2024 | 9:45 pm

5E Advanced Materials shares rose following the announcement of a non-binding Letter of Interest from the Export-Import Bank of the United States.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 3:43 pm

5E Advanced Materials, Inc. (NASDAQ:FEAM) has received a non-binding Letter of Interest from the U.S. Export-Import Bank for potential debt financing of up to $285 million. This funding would support the development of 5E's Boron Americas Complex, which is recognized as Critical Infrastructure.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:07 pm

Maxim Group analyst Tate Sullivan maintains a Buy rating on 5E Advanced Materials (NASDAQ:FEAM) but lowers the price target from $4 to $1.25.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 6:04 pm

Citi forecasts a 20-25% increase in lithium prices over the next 2-3 months due to supply curtailment and short covering. This could impact companies involved in lithium production and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:18 pm

DA Davidson analyst Matt Summerville maintains a Buy rating on 5E Advanced Materials (NASDAQ:FEAM) with a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 2:25 pm

5E Advanced Materials' stock declined following the issuance of $4 million in shares as part of a securities purchase agreement with an institutional investor.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 4:38 pm

5E Advanced Materials has entered into a securities purchase agreement with an institutional investor, raising $4 million through a registered direct offering. The company will issue shares at $0.75 each and accompanying warrants.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:51 pm

Gold Royalty acquires a copper stream for $50 million, BHP and Rio Tinto test electric trucks, Metals Acquisition invests in Polymetals, and 5E Advanced Materials issues convertible notes.

Portfolio Pulse from austin@walkonholdings.com

May 28, 2024 | 8:44 pm

5E Advanced Materials, Inc. (NASDAQ: FEAM) has announced an agreement to sell $6 million in additional convertible notes to Bluescape Energy Partners and Ascend Global Investment Fund SPC. The notes, convertible into common stock at $1.53 per share, will mature in August 2028 and pay interest in-kind at 10%. This capital will support the company's operational processes and commercial arrangements.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:08 pm

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