5E Advanced Metals selects Fluor as EPC contractor for FEL-2

5E Advanced Metals (FEAM) selected Fluor (FLR) as the company’s engineering, procurement, and construction – EPC – services provider. The initial scope of Fluor will be to lead FEL-2 which will directly feed into the upgrading of the company’s current S-K 1300 technical document into a Pre-feasiblity Study upon completion. On May 11, 2023, the company released the results of its S-K 1300 technical document on its 5E Boron Americas Complex located in Fort Cady, California. Highlights of that study include: measured, Indicated and Inferred Resource with 13.97 million short tons boric acid and 0.31 million short tons of Lithium Carbonate; $101.2M EBITDA and 62.1% EBITDA margin in FY 2027; post-tax NPV8 of $2.4B and IRR of 22.6%; a targeted go-live date of H2 2026.