The Albany Gazette - 5E Advanced Materials Highlights Commercial Progress, Strengthening Boron Market Fundamentals and Fort Cady Development in Water Tower Research Fireside Chat

HESPERIA, CA / ACCESS Newswire / July 23, 2026 / 5E Advanced Materials, Inc. ("5E" or the "Company") (NASDAQ:FEAM), a company focused on becoming a vertically integrated global leader and supplier of refined borates and advanced boron derivative materials, highlighted commercial progress, strengthening global boron market fundamentals and continued advancement of its Fort Cady Boron Project during a Water Tower Research Fireside Chat.

5E's CEO, Paul Weibel, discussed accelerating commercial execution, including five customer Heads of Agreement (HOAs), one Letter of Intent (LOI), and ongoing discussions with additional domestic and international customers. These commercial milestones demonstrate increasing customer demand for a reliable U.S. source of boric acid while supporting the Fort Cady Project's path toward commercial production and bankability.

The Company also discussed strengthening fundamentals across the global boron market, noting that demand continues to outpace supply as governments and manufacturers prioritize secure domestic critical mineral supply chains. With boron designated as a U.S. Critical Mineral, limited new boron projects advancing globally and increasing demand across advanced manufacturing, defense, energy, agriculture and industrial applications, management believes the Fort Cady Boron Project is well positioned to become one of North America's most significant future sources of boric acid and advanced boron materials.

In addition to boric acid production, management highlighted opportunities to create additional long-term value through higher-value boron derivative products, including metaboric acid and ferroboron materials, as well as potential by-products such as lithium carbonate and calcium-based products, expanding Fort Cady's future commercial opportunities and strengthening the Company's vertically integrated growth strategy.

"Over the past several months, we have made meaningful progress executing our commercial strategy, demonstrating growing customer interest in establishing a reliable domestic source of boric acid," said Paul Weibel, Chief Executive Officer. "As global boron market fundamentals continue to strengthen, we believe Fort Cady is uniquely positioned to supply critical boron materials needed across advanced manufacturing, energy, defense and other strategic industries while creating long-term value through product diversification."

Key topics discussed included:

• Commercial progress, including five customer agreements and continued expansion of the customer pipeline

• Strengthening global boron supply and demand fundamentals

• Growing demand for reliable U.S.-based boric acid supply

• Development of higher-value products, including metaboric acid, ferroboron and lithium carbonate

• Advancement toward FEED engineering and project bankability

• The strategic importance of the Fort Cady Boron Project in supporting U.S. critical mineral supply chains

Investors who were unable to attend the live event are encouraged to watch the replay, available here: https://event.webcasts.com/starthere.jsp?ei=1770302&tp_key=4579e0b2bf&sti=website

About 5E Advanced Materials, Inc.

5E Advanced Materials, Inc. (NASDAQ:FEAM) is a development-stage company focused on becoming a vertically integrated global leader and supplier of refined borates and advanced boron materials, complemented by calcium-based co-products, and potentially other by-products such as lithium carbonate. The Company's mission is to become a supplier of these critical materials to industries addressing global decarbonization, energy independence, food, national security, and the defense sector. The Company believes factors such as government regulation and incentives focused on domestic manufacturing and supply chains and capital investments across industries will drive demand for end-use applications like solar and wind energy infrastructure, neodymium-iron-boron magnets, defense applications, lithium-ion batteries, and other critical material applications. The business is based on the Company's large domestic boron resource, which is located in Southern California and designated as Critical Infrastructure by the U.S. Department of Homeland Security, and boron was added to the U.S. Department of the Interior's 2025 Critical Minerals List.

Forward Looking Statements

Statements in this press release may contain "forward-looking statements" that are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential" or "continue" or the negative of these terms or other similar expressions, and include, but are not limited to statements regarding the Company's non-binding indications of interest and offtake heads of agreement; the potential negotiation and execution of definitive, binding offtake and purchase agreements; contemplated volumes, term, pricing and escalation terms, including anticipated take-or-pay and minimum-offtake commitments and the realization of such commitments under definitive agreements; customer evaluation of product quality, specifications and production capability; the timing of, and the Company's ability to achieve, commercial readiness and full-scale production at the Fort Cady Project; the Company's customer outreach and engagement efforts and its growing pipeline of commercial opportunities; the potential for customer commercial arrangements to support the Fort Cady Project's path toward bankability and a Final Investment Decision; expected demand for a reliable, U.S.-based supplier of boric acid and specialty boron derivative products amid ongoing supply chain constraints, and the potential for such demand and the Company's products to enable new domestic manufacturing capacity; the Company's ability to advance the Fort Cady Project toward future financing and construction readiness; the Company's strategy to become a vertically integrated supplier of refined borates and advanced boron materials, calcium-based co-products and potential by-products such as lithium carbonate; and anticipated demand for boron and boron derivative products in end markets and applications including decarbonization, energy independence, food, national security and defense, solar and wind energy infrastructure, neodymium-iron-boron magnets and lithium-ion batteries. Any forward-looking statements are based on 5E's current expectations, forecasts, and assumptions and are subject to a number of risks and uncertainties that could cause actual outcomes and results to differ materially. For a discussion of other risks and uncertainties, and other important factors, any of which could cause our actual results to differ from those contained in the forward-looking statements, see the section entitled "Risk Factors" in 5E's most recent Annual Report on Form 10-K and its other reports filed with the SEC. Forward-looking statements contained in this announcement are based on information available to 5E as of the date hereof and are made only as of the date of this release. 5E undertakes no obligation to update such information except as required under applicable law. These forward-looking statements should not be relied upon as representing 5E's views as of any date subsequent to the date of this press release. In light of the foregoing, investors are urged not to rely on any forward-looking statement in reaching any conclusion or making any investment decision about any securities of 5E.

For further information contact:

Investor Relations
Brett Maas
Hayden IR, LLC
[email protected]
Ph: +1 (480) 861-2425

Media Relations
Paola Ashton
PRA Communications
[email protected]
Ph: +1 (604) 681-1407

SOURCE: 5E Advanced Materials, Inc.

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