5E Advanced Materials announced a significant increase in borate and lithium resources at the Fort Cady Project in California.
Measured and indicated borate resources increased by 61%, while lithium resources saw a 54% increase.
The upgraded resources provide expansion optionality and solidify 5E's position as a potential commercial borate producer.
Total Measured and Indicated Borate Resources Increase
Measured and indicated borate resources increased by 61% at the Fort Cady Project.
Total Measured Lithium Resources Increase
Measured lithium resources increased by 170%, showcasing growth potential in the lithium sector.
Resource Life and Expansion Optionality
The implied resource life of 217 years and the retention of expansion optionality highlight long-term value for 5E Advanced Materials.
- The resource upgrade positions 5E as a key player in the borate and lithium markets, with the potential to anchor a secure domestic supply chain.
- By unlocking strategic optionality, 5E is well-positioned to solidify its role as America's leading boron supplier for future generations.
5E Advanced Materials' resource upgrade at the Fort Cady Project marks a significant milestone towards becoming a prominent boron supplier and underscores the company's commitment to long-term growth and sustainability in the critical minerals industry.