5E Advanced Metals gets EPA authorization to conduct step-rate testing

5E Advanced Materials announced that it has received authorization from the Environmental Protection Agency to inject water, which initiates Step-Rate Testing, a condition under the Company’s underground injection control UIC permit required to complete the final tests of injection-recovery wells. This approval to progress under the terms of the Company’s existing permit marks a meaningful step towards conducting full boric acid and lithium carbonate extraction operations. Crucially, receipt of approval to conduct the Step-Rate Test to inject water marks significant advancement of the Company’s goal of becoming the primary local U.S. provider of boron solutions, and a leading global producer of boron and boron-advanced derivatives. This decision comes after transparent communication with the EPA to ensure all conditions are met to receive authorization to inject water. …”We are thrilled to announce our receipt of authorization to begin Step-Rate Testing, allowing 5E to advance through the final stages of preparing the wellfield and its ore body before commencing commercial operations, bringing 5E closer to being the first commercial scale Boric Acid production project in decades,” said Chris Knight, VP of Operations at 5E Advanced Materials.”