5E Advanced Materials Commences Trading on Nasdaq
March 15 2022 - 08:30AM
GlobeNewswire Inc.
5E Advanced Materials, Inc. (Nasdaq:FEAM) (ASX:5EA) (“5E” or the
“Company”) is pleased to announce that its’ primary U.S. listing is
now effective with the commencement of trading on the Nasdaq Global
Select Market (“Nasdaq”) on March 15, 2022 under ticker symbol
“
FEAM.”
5E’s CHESS Depositary Interests (“CDIs”) will
continue to trade on the Australian Securities Exchange (“ASX”)
under ticker symbol “5EA.” Each FEAM share
represents ten (10) 5EA CDIs.
In support of the Nasdaq listing, the Company
has begun extensive investor outreach and non-deal marketing
efforts in the U.S. with assistance from its capital markets
advisor, BofA Securities.
Commenting on the commencement of Nasdaq
trading, 5E CEO, Henri Tausch, said:
“Our Nasdaq listing
delivers another important milestone for the Company, and I am
incredibly proud of the team who have worked diligently to deliver
a successful U.S. listing. We also look forward to working with
U.S. and other Nasdaq investors in our pursuit to become a
vertically integrated global leader in boron advanced
materials.
Although relatively
unknown, boron is a scarce resource and critical input to many
traditional and future facing decarbonization applications,
including permanent magnets, electric vehicles, wind turbines, and
micronutrients. Accelerating worldwide demand and limited supply
from international, unstable sources is driving the need for a new,
domestic source of boron. 5E is well positioned to provide this
critical source as we operate the largest known new conventional
boron deposit globally, which is located in Southern California and
designated Critical Infrastructure by the U.S. government.
We are in the Right Place, at the
Right Time, with the Right Asset.”
About 5E Advanced Materials, Inc.
5E Advanced Materials, Inc. (Nasdaq:FEAM)
(ASX:5EA) is positioned to become a vertically integrated global
leader in BORON+ advanced materials with a focus on enabling
decarbonization. BORON+ products target critical, high value
applications within electric transportation, clean energy, food and
domestic security. 5E’s advanced materials business is underpinned
by its low cost, light environmental touch boron resource in
Southern California, which is designated Critical Infrastructure by
the U.S. government and serves as the largest known new
conventional boron deposit globally. 5E’s resource quality,
domestic supply source, and downstream processing capabilities
provide a competitive advantage given customer product
specifications, scarcity of resource, and reliance on unstable,
international supply. There is an increasing call for a new stable
source of BORON+ as U.S. and rest of world demand accelerates and
5E is strategically positioned to answer this call. We are in the
Right Place, at the Right Time, with the Right Asset.
Forward Looking Statements
This press release contains ‘forward-looking
information’ that is based on the Company’s expectations, estimates
and projections as of the date on which the statements were made.
This forward-looking information includes, among other things,
statements with respect to the Company’s business strategy, plans,
development, objectives, performance, outlook, growth, cash flow,
projections, targets and expectations, mineral reserves and
resources, results of exploration and related expenses. Generally,
this forward-looking information can be identified by the use of
forward-looking terminology such as ‘outlook’, ‘anticipate’,
‘project’, ‘target’, ‘potential’, ‘likely’, ‘believe’, ‘estimate’,
‘expect’, ‘intend’, ‘may’, ‘would’, ‘could’, ‘should’, ‘scheduled’,
‘will’, ‘plan’, ‘forecast’, ‘evolve’ and similar expressions.
Persons reading this announcement are cautioned that such
statements are only predictions, and that the Company’s actual
future results or performance may be materially different.
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the Company’s actual
results, level of activity, performance or achievements to be
materially different from those expressed or implied by such
forward-looking information.
Authorized for release by:
Henri Tausch, Chief Executive Officer
For further information contact:
Chance PipitoneInvestor Relations –
U.S.info@5Eadvancedmaterials.com Ph: +1 (346) 433-8912 |
Elvis JurcevicInvestor Relations – Australiaej@irxadvisors.comPh: +
61 408 268 271 |
Chris SullivanMediachris@macmillancom.comPh: +1 (917) 902-0617 |
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