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Can 5E Advanced Materials Raise $30M to Power Its Boron Project?
9:38am on Wednesday 28th of January, 2026 AEDT
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Can 5E Advanced Materials Raise $30M to Power Its Boron Project?
9:38am on Wednesday 28th of January, 2026 AEDT
Key Points
Offering up to 8.7 million shares of common stock on Nasdaq
Targeting $30 million gross proceeds with no minimum raise requirement
Funds to support small-scale facility operations, wellfield development, and commercial mine planning
Company faces substantial doubt about continuing as a going concern without further financing
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5E ADVANCED MATERIALS (ASX:5EA)
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