5E Advanced Materials, Inc. ("5E" or the "Company") (NASDAQ:FEAM) today provided additional details regarding its previously announced acquisition of the Searles Valley Minerals assets, including the transaction structure, current operating profile, integration priorities and expected financial contribution. With the acquisition, 5E has transitioned from a development stage company to an operator of an established industrial and critical mineral platform with near term revenue, an experienced workforce and a defined operating plan targeting approximately $40 million of steady-state annual Adjusted EBITDA under its base plan.

  • An experienced workforce of approximately 257 employees;
  • Three processing sites;
  • 54 megawatts of on-site cogeneration capacity;
  • The Trona Railway short-line railroad;
  • A water utility;
  • Mineral tenure across more than 9,000 acres; and
  • A long-dated mineral resource supporting the Company's current operating plan.