on 5E Advanced Materials (NASDAQ:FEAM)
5E Advanced Materials Ships 20 Tons of Boric Acid from Fort Cady Operations
5E Advanced Materials, Inc., a company in the development phase, has successfully shipped 20 tons of boric acid from its Fort Cady operations in Southern California. This milestone is part of the company's strategy to become a prominent supplier of critical materials in the U.S. An additional 1,000 pounds are scheduled for shipment later this week for domestic boron carbide production.
The shipments underscore 5E's operational capability and align with its goal of supporting industries such as energy, specialty glass, and defense. Currently, China dominates the boron carbide supply chain. 5E aims to establish a reliable U.S.-based supply to enhance national security and economic growth.
The company emphasizes securing a domestic boron supply to aid the energy transition, decarbonization, and other national security applications. Located in one of North America's significant boron deposits, the Fort Cady facility is a key asset for the company.
R. H.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all 5E Advanced Materials news