5E Advanced Materials (ASX: $5EA) Commercial Production Commencement

5E Advanced Materials, Inc. (ASX: $5EA) has announced the successful commencement of commercial production at the 5E Boron Americas Complex. The company, focused on becoming a global leader and supplier of boron specialty and advanced materials, has transitioned the complex to operational status, marking a significant milestone in its strategic and operational progress. The facility has completed final electrical work and accumulated over 50,000 gallons of PLS since mining commencement. Additionally, an independent 3rd party analysis confirmed a run-of-mine head grade of 5.5%.

Executive Commentary on Commercial Production Commencement

Susan Brennan, Chief Executive Officer at 5E Advanced Materials, stated, 'I am proud to announce that 5E has achieved the most significant milestone in our Company's history, as we have recently commenced commercial production of boric acid at the 5E Boron America's Complex. This is a significant strategic step forward in the company's evolution, and the initial results affirm the high-quality boric acid resource and further validate our initial operational assumptions, representing the foundation of our project economics. We expect our operational progress and success to build throughout the year, facilitating discussions with stakeholders around funding options for the Phase 1 commercial facility and executing commercial contracts.'

Summary of 5E Advanced Materials Announcement

5E Advanced Materials (ASX: $5EA) has achieved a significant operational milestone with the commencement of commercial production at the 5E Boron Americas Complex. The successful commissioning of the facility and initiation of boric acid production represent a pivotal step in the company's evolution, affirming the high-quality boric acid resource and validating initial operational assumptions. The company aims to initially produce 2,000 short tons of boric acid and target the production of lithium carbonate, with plans to scale up to a run rate of 9,000 short tons and increase lithium production. Furthermore, 5E has submitted a proposal to the Department of Energy for a grant aimed at enhancing its lithium extraction work, signaling its commitment to further improving project economics. As operations progress, the company will continue to engage stakeholders and pursue funding options for its Phase 1 commercial facility, emphasizing its dedication to advancing its strategic objectives and contributing to global decarbonization and domestic security efforts.