5E Advanced Materials Signs Indication Of Interest For The Purchase Of Boric Acid And Calcium Sulphate Products

Output would be from the Company's Fort Cady Integrated Boron Facility. This marks the Company's second commercial milestone in two months, further demonstrating growing customer demand. Highlights Include: Signing of an indication of interest with a domestic industrial end-user - The IOI outlines the preliminary interest of a U.S.-based industrial customer in purchasing boric acid and calcium sulphate products from 5E, contemplating a 5-year term with an annual minimum offtake volume of approximately 3,750 short tons of boric acid and calcium sulphate and a maximum offtake volume of approximately 4,500 short tons of both products, at a fixed price subject to an annual escalation. The arrangement is subject to satisfactory evaluation of product quality and specifications, evidence of consistent production capability, and the negotiation and execution of a definitive purchase agreement...