5E Advanced Materials gets EPA authorization to begin in-situ boron and lithium mining

5E Advanced Materials, Inc.

EPA authorized 5E to start in-situ mining at its Boron Americas Complex after completing UIC permit testing.
Company expects initial production in early calendar year 2024, becoming the first new U.S. boron producer in decades.
Restructuring capital position (announced Nov 10, 2023) is ongoing to fund commencement of operations.
Will continue engagement with EPA in 2024 to modify UIC permit for long-term injection and operations.

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