Highest-materiality recent filing
5E Advanced Materials closes $36M public offering of 18M shares at $2.00 each
Gross proceeds of $36M; net proceeds estimated at ~$30.3M after fees and expenses.
Total measured+indicated boric acid increased 61% to 28.3 million tons at 8.09% B2O3 grade.
On August 21, 2025, 5E Advanced Materials entered into an underwriting agreement with Konik Capital Partners for a public offering of 2,374,481 shares of common stock at $3.50 per share.
5E Advanced Materials publishes Fort Cady PFS: $725M pre-tax NPV, 19.2% IRR, 39.5-year mine life
Phase 1 reserves total 5.4M tons boric acid at 8.03% B2O3, supporting 39.5-year mine life.
5E Advanced Materials completes restructuring, extinguishes all debt, issues 13.6M shares to lenders
Terminated Note Purchase Agreement on March 5, 2025; all indebtedness extinguished.
Stockholders approve share issuance to noteholders and amended equity plan
Approved issuance of 312,490,076 shares (pre-split) to noteholders upon exchange of senior secured convertible promissory notes.
5E Advanced Materials completes 1-for-23 reverse stock split effective Feb 14, 2025
Reverse stock split at 1:23 ratio effective Feb 14, 2025 at 5:00 p.m. ET.
5E Advanced Materials announces 1-for-23 reverse stock split effective Feb 14, 2025
Board approved 1-for-23 reverse stock split; effective 5:00 p.m. ET Feb 14, 2025.
5E Advanced Materials shareholders approve reverse stock split and 5M share increase to equity plan
Reverse stock split approved with ratio from 1:10 to 1:25; board to set timing and exact ratio.
All convertible notes exchanged for 312,490,076 shares of common stock; $5M new notes issued at $0.2920 conversion price.
5E Advanced Materials Gets Nasdaq Deficiency Notice Low Equity; Achieves First Boric Acid Delivery
As of Sep 30, 2024, stockholders' equity was $2.094M, well below Nasdaq's $10M minimum requirement.
5E Advanced Materials receives Nasdaq bid price deficiency notice; 180 days to regain compliance
Nasdaq notified 5E on Sept 12, 2024 that FEAM common stock closed below $1.00 for 30 consecutive business days.
5E Advanced Materials issues $6M in convertible notes; conversion price $0.9375
Issued $6M aggregate principal of secured convertible notes to Bluescape, Ascend, and Meridian on Sept 16, 2024.
Small-scale boron facility producing ~1 short ton/day of specification boric acid; head grades 5.5-6% boric acid in solution.
5E Advanced Materials raises ~$4M via stock and warrant unit offering at $0.75
Issued 5,333,333 shares of common stock and two warrants per share for $0.75/unit; gross proceeds ~$4.0M.
5E Advanced Materials secures $6M debt commitment contingent on $4M equity raise
Bluescape and Ascend commit to purchase $3M each of secured convertible notes.
5E Advanced Materials issues $6M in senior secured convertible notes to Bluescape and Ascend
Issued $3M each to Bluescape and Ascend on June 11, 2024 under second amendment to note purchase agreement.
CEO Susan Brennan resigns; CFO Paul Weibel appointed CEO; board changes
Susan Brennan resigned as President, CEO, and director effective June 3, 2024.
5E Advanced Materials issues $6M in new 4.5% convertible notes, amends conversion terms
Issued $6.0M aggregate principal of 4.50% senior secured convertible notes to Bluescape and Ascend.
5E Advanced Materials commissions facility, starts commercial operations with boric acid production
Small-scale facility producing 2,000 short tons of boric acid annually, plus initial lithium carbonate output.
5E Advanced Materials enters $15M ATM equity distribution agreement with Canaccord and D.A. Davidson
Up to $15M common stock offering via equity distribution agreement with Canaccord and D.A. Davidson.
5E Advanced Materials closes second $7.75M tranche of private placement at $1.025/share
Second closing raised $7.75M from 5ECAP, LLC; issued 8,317,074 shares at $1.025 per share.
First closing of $10M equity: 5,365,854 shares each to Ascend and 5ECAP at $1.025/share.
5E Advanced Materials stockholders approve charter amendment, $35M offering, and note conversion
Charter amendment approved to increase authorized common stock from 180M to 360M shares.
On the Exchange Effective Date, Paul Weibel notified the Company of his resignation from the Board of Directors of the Company (the “Board”), effective on such date.
On the Exchange Effective Date, the Board appointed Curtis L. Hebert, Jr., as a director, effective immediately
On June 3, 2024, Stephen Hunt informed the Company's Board of Directors (the "Board") of his intention to resign from the Board effective on June 30, 2024.
Also on June 3, 2024, the Board appointed Paul Weibel, the Company’s Chief Financial Officer, as the Company’s Chief Executive Officer and principal executive officer, effective as of the Effective Date.
The Board also appointed Joshua Malm, the Company’s Interim Chief Accounting Officer, as the Company’s Interim Chief Financial Officer and principal financial officer and principal accounting officer, effective as of the Effective Date.
On June 3, 2024, Susan Brennan notified 5E Advanced Materials, Inc. (the “Company”) of her resignation as President and Chief Executive Officer of the Company and as a director of the Board of Directors of the Company (the “Board”), effective as of June 3, 2024
On June 3, 2024, the board appointed Bryn Jones to the Board as a director, effective July 1, 2024.
Max materiality 0.95 · Median 0.65 · Most common event other_material