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5E Advanced Materials Announces Funding Package and Proposed Restructure and Equitization of Convertible Notes

1. 5E Advanced Materials secures up to $30 million funding package. 2. The restructuring supports ongoing projects, aiding financial stability for FEAM.

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FAQ

Why Bullish?

The funding package will enhance liquidity, potentially boosting investor confidence like past capital raises.

How important is it?

The funding is critical for moving forward, directly affecting FEAM's investment capacity.

Why Short Term?

Immediate funding effects are expected, similar to other funding arrangements in the past.

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5EA
Transaction will strengthen the balance sheet and provide a funding package of up to $30 million to progress to the Final Investment Decision (FID) HESPERIA, CA / ACCESSWIRE / January 14, 2025 / 5E Advanced Materials, Inc. (Nasdaq:FEAM)(ASX:5EA) ("5E" or the "Company"), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, today announced that it has entered into a Restructuring Support Agreement ("RSA") with its primary lenders and the holders of the Company's senior secured convertible notes ("Convertible Notes"), Ascend Global Investment Fund SPC, for and on behalf of Strategic SP ("Ascend"), Bluescape Special Situations IV LLC ("BEP"), and Meridian Investments Corporation ("Meridian," and together with Ascend and BEP, the "Lenders"). Agreement and Transaction Highlights The Company has agreed to a funding and restructuring package (the "Transaction") with the Lenders that includes the following: Lenders purchased an additional $5 million of Convertible Notes with a conversion price of $0.2920 with funding scheduled to close on January 14, 2025.

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