5E Advanced Materials closes $36M public offering of 18M shares at $2.00 each

5E Advanced Materials, Inc.

Gross proceeds of $36M; net proceeds estimated at ~$30.3M after fees and expenses.
Offering led by largest stockholder and new institutional investors; upsized and oversubscribed.
Proceeds to fund small-scale boron facility, wellfield development, commercial mine plan, and FEED engineering.
Company agreed to a 90-day lockup on further share issuances, subject to exceptions.
Konik Capital Partners acted as sole placement agent; 7% cash fee on gross proceeds.

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