5E Advanced Materials Completes Transformational Acquisition of Searles Valley Minerals and Announces Shareholder Update Call
Key Highlights
- ➤Searles Valley acquisition completed, transforming 5E Advanced Materials (FEAM) into a revenue-generating producer
- ➤Searles Valley and Fort Cady create an integrated Southern California boron platform
- ➤Management plans to optimize operations and rebuild borate production
- ➤Shareholder update call scheduled for October 6, 2026, at 4:30 p.m. Eastern Time
Expert Statements
Paul Weibel, Chief Executive Officer of 5E Advanced Materials
“This is a transformational moment for 5E and our shareholders”
Paul Weibel, Chief Executive Officer of 5E Advanced Materials
“With the closing of this acquisition, we are moving immediately into execution.”
Paul Weibel, Chief Executive Officer of 5E Advanced Materials
“Our focus is on optimizing the Searles Valley operations, rebuilding borate production and positioning 5E to serve growing demand for secure, domestically produced boron and critical materials.”
Paul Weibel, Chief Executive Officer of 5E Advanced Materials
“We look forward to discussing the transaction, our operating plan and the opportunities ahead with shareholders next week.”
HESPERIA, CA / ACCESS Newswire / October 2, 2026 / 5E Advanced Materials, Inc. ("5E" or the "Company") (NASDAQ:FEAM) announces that it has completed its previously announced acquisition of the assets and operations of Searles Valley Minerals ("Searles Valley") through a court-supervised sale process under Section 363 of the U.S. Bankruptcy Code. The closing marks a transformational milestone, transitioning the Company from a pre-revenue developer to a revenue-generating U.S. producer of boron and critical industrial minerals.
Searles Valley is an established industrial and critical minerals operation in Trona, California, with more than 150 years of production history and extensive processing, infrastructure and logistics assets. The acquisition brings Searles Valley together with 5E's Fort Cady Boron Project, creating an integrated Southern California boron platform with near-term production and long-term growth potential.
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