5E Advanced Metals commences mining operations at 5E Boron Americas Complex

5E Advanced Materials has officially begun mining operations at the Company’s 5E Boron Americas Complex with the startup of the wellfield injection process. The Company is now working under its EPA UIC permit to begin extracting valuable minerals from its wholly owned project at Fort Cady. The Company recently announced its operational plan and has now started wellfield operations with the goal of completing outstanding operational items at the facility in parallel. 5E expects to begin lab production in the short-term and production of boric acid and lithium carbonate from the small-scale facility by the end of the first calendar quarter of 2024. This initial production will be used for customer qualification as the Company seeks to obtain bankable offtake agreements and future sales to support FEL 2 engineering as the Company focuses on commercial scale.