FEAM reports FY2026 $42.9M net loss, boric acid PFS
5E Advanced Materials reported a FY2026 net loss of $42.9M, $19.5M cash, and outlined a Phase 1 pre-feasibility plan for a 130,000 t/y boric acid plant with $435M capex targeting 2030. The company also secured nonbinding offtakes and collected operational data for financing.