5E Advanced Materials (FEAM) Fireside chat summary

Introduction and agenda

• Host Dmitry Silversteyn introduces the Fireside Chat with Paul Weibel, CEO of a company developing the Fort Cady Project into a vertically integrated boric acid and advanced boron materials producer.

• The discussion covers industry trends, project differentiation, commercialization, additional revenue streams, demand drivers, milestones, financing, and future outlook.

Background and experience of the speaker

• Paul Weibel shares insights as CEO, highlighting his experience in advancing customer agreements and commercialization strategies for the Fort Cady Project.

Current industry trends

• The boron market is dominated by a global oligopoly, with 85% of supply controlled by two entities, and is now recognized as a critical mineral by the U.S. government.

• The market is in deficit, driving higher prices, with Turkey and China as key players in supply and specialty applications.

• U.S. domestic supply is less secure due to depleting assets and market exits.