5E Advanced Materials Advances Closer to Initial Commercial Production - Seite 2

Customers

Commercial discussions continue to move in a positive direction, as the Company works with various potential off-take partners. 5E intends to use product from initial production next quarter to complete product validation, which will be focused on product acceptance within a variety of boric acid consumers.

Government

The Company’s Government Affairs program also continues to drive progress in its effort to gain increased support for large-scale production of boric acid and lithium at Fort Cady. The Company is currently engaged in several funding proposals with various federal government agencies, including the Department of Defense (DOD) and Department of Energy (DOE). The Company recently announced its public support of a congressional push to include boron into the upcoming Critical Minerals List, administered by the United States Geological Society, under the Department of the Interior (DOI). As this program continues to evolve and progress, it will underpin the Company’s longer-term financing strategy.

Investor Engagement

5E is currently focused on deploying several marketing initiatives designed to increase engagement across all market stakeholders. This includes analyst briefings, institutional and fund investor meetings, conferences, and targeted industry trade shows. The Company attended the Mines and Money conference last week in Miami and will be attending the Prospectors & Developers Association of Canada (PDAC) event in March.

A targeted retail strategy is also underway with the Company to support broader awareness and digital campaigns to retail and institutional investors.

Figure 3: Photo of 5E investor booth at Mines and Money Miami conference

About 5E Advanced Materials, Inc.

5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) is focused on becoming a vertically integrated global leader and supplier of boron specialty and advanced materials, complemented by lithium co-product production. The Company’s mission is to become a supplier of these critical materials to industries addressing global decarbonization, food and domestic security. Boron and lithium products will target applications in the fields of electric transportation, clean energy infrastructure, such as solar and wind power, fertilizers, and domestic security. The business strategy and objectives are to develop capabilities ranging from upstream extraction and product sales of boric acid, lithium carbonate and potentially other co-products, to downstream boron advanced material processing and development. The business is based on our large domestic boron and lithium resource, which is located in Southern California and designated as Critical Infrastructure by the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency.