Company: FEAV
Filing Date: 2025-01-17
Form Type: DEFA14A
Source: 0000950170-25-006729
Chunk: 12

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-01-17
Form: DEFA14A
Chunk 12
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CEO

Yeah. So I think it culminates a calcium boron based mineral. And so with, you could almost argue the calcium chloride is going to be a primary product as well, but we view it as a byproduct that will produce a sizable amount of calcium chloride. But we also have a very good magnesium stream and that's coming out today in our metals waste.

It's in our interest to get sharp on monetizing that in the future. There is lithium chloride there. It'll be a smaller size, but indeed, it's there. And then, you know, we've previously been asked what's the more boron derivative would be focused on first. And that there's collective alignment that that would be boric oxide.

Romeo Maione

6ix

Thank you. Another question was written in on email, obviously, to the best of your ability. And to some degree, it's crystal ball gazing. Somebody asks, 24 months time?

Paul Weibel

CEO

It's tough for me to really predict and, give a number for the stock price, but I can say this as I reflect upon this transaction, I've thought a lot about this over the last couple of months and I follow the share price and, like it's apparent, we're getting no credit for any intrinsic value and our market cap today has been approximately 40 million dollars.

Well, think about it. We have an enterprise value on a book basis of 120 million. And that's because we have 82 million in convertible note now, 87, approximately 120, 130 million in enterprise value book value. And my hope is that with a successful vote and equitization, market cap essentially reverts back to enterprise book value of the business.

And as we continue to operationally deliver, Mark does and Kenneth do their part commercially. My belief is that the market should begin to transition to become a forward looking view of the business and we begin to get intrinsic value. And I think having a healthy capital structure while we deliver on the ground really can help.

Drive that share price higher. And so listen, it's tough for me to predict the future, but that's kind of my holistic view of where we should be.

Graham Van’t Hoff

Chairman

Maybe, maybe an add on to that Paul, is obviously once we get to the end of fail too, we'll then be looking at an updated technical report and that will give us an updated NPV on our