5E Advanced Materials Reminds Stockholders to Vote in the Upcoming Special Meeting

HESPERIA, Calif., Jan. 08, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) (“5E” or the “Company”), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, today is reminding its stockholders of record as of December 6, 2023 to vote at the upcoming special meeting to be held on Friday, January 12, 2024 at 10:00 a.m. Pacific Time (being 5:00 a.m. AEDT on Saturday, January 13, 2024).

If you are a holder of record of shares of Common Stock of the Company, you may direct your vote without attending the special meeting by following the instructions on the proxy card to vote by Internet or by telephone, or by signing, dating, and mailing a proxy card. If you hold your shares in street name via a broker, bank, or other nominee, you may direct your vote without attending the special meeting by signing, dating, and mailing your voting instruction card. Internet or telephonic voting may also be available. Please see your voting instruction card provided by your broker, bank, or other nominee for further details.

Holders of CDIs may direct the depositary nominee to vote their underlying shares of Common Stock at the special meeting by completing and returning the CDI Voting Instruction Form to Computershare Australia, the agent the Company has designated for the collection and processing of voting instructions from the Company’s CDI holders. Votes from holders of CDIs must be received by Computershare Australia by no later than 5:00 p.m. Pacific Time on Tuesday, January 9, 2024 (being 12:00 noon AEDT on Wednesday, January 10, 2024) (two business days prior to the date of the Special Meeting) in accordance with the instructions on the CDI Voting Instruction Form.

For more information, see the proxy materials, including the proxy card or voting instruction card/form, delivered to you in connection with the special meeting of stockholders.

Contingency Considerations

The Company expects to implement the restructuring transaction described in the proxy materials (the “Transaction”) through an out-of-court restructuring. If the conditions precedent to the out-of-court restructuring cannot be timely satisfied, including approval by the Company’s stockholders of certain proposals, the Company expects to implement the restructuring through bankruptcy in a pre-packaged Chapter 11 plan. The Company believes that completing the out-of-court restructuring will allow it to avoid possible disruptions of the business, preserve valuable capital and avoid additional expenses, and other uncertainties that would result from commencing the bankruptcy cases to effectuate the pre-packaged Chapter 11 plan.