5E Advanced Materials Launches $36M Stock Offering to Advance Fort Cady Boron Project

• Offering up to 18 million shares at $2.00 each to raise approximately $30.3 million net
• Funds to support small-scale boron facility, wellfield development, and commercial mine planning
• Project targets domestic supply of critical boron and lithium materials with sustainable in-situ leach technology
• Significant going concern risks remain despite capital raise; further financing likely needed