5E Advanced Materials (FEAM) Registration Filing summary

Company overview and business model

• Focused on becoming a vertically integrated global supplier of specialty boron and advanced boron derivative materials, supporting decarbonization, food security, and critical materials supply.

• Owns 100% of the rights to the Fort Cady Complex in southern California, containing boron and lithium resources.

• Facility designated as Critical Infrastructure by the U.S. Department of Homeland Security in 2022.

• Aims to process boric acid and lithium carbonate using sustainable practices.

Financial performance and metrics

• Issued $60 million in 4.50% senior secured convertible notes in August 2022, with additional $6 million issued in June 2024.

• Convertible notes are held by BEP Special Situations IV LLC, Ascend Global Investment Fund SPC, and Meridian Investments Corporation.

Use of proceeds and capital allocation

• Will not receive proceeds from the sale of up to 41,935,491 shares of common stock by selling stockholders; proceeds go to selling stockholders.

• Company will pay registration and listing fees, legal, and accounting expenses related to the offering.