Company: FEAV
Filing Date: 2025-01-17
Form Type: DEFA14A
Source: 0000950170-25-006729
Chunk: 14

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-01-17
Form: DEFA14A
Chunk 14
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, it'll be about that size and it'll be for glass manufacturing, which requires that much lower sulfate and low chlorides.

Romeo Maione

6ix

Thank you. One last question. CWW in the chat, they ask, or they know there are many discussions regarding a rotary instrument. They're curious what the current status is of those discussions.

Paul Weibel

CEO

Yeah, I think continue to listen where you have most mining private equity firms across the world in our data room.

Love the jurisdiction, like the project, like the asset, and the commodity, just from a differentiation, no one has any royalty on or plays in their portfolio. So there's groups keen to continue to progress and talk about, talk on the follow the company and diligence us.

I think it helps getting to the pre feed because I think if any of those mining private equity funds come in, they're coming in because they want to get paid on that royalty stream. And listen, that also goes to the company's benefit because we, at the same time with the risk discount rate on those cash flows comes in.

And so I think the, as we think about that, they're very thoughtful on, okay, if I'm going to come in with a royalty, the only way I'm getting paid on that royalty is essentially if company gets the project up commercially, you start, we start delivering product to customers. And so I think that's going to be the big milestone to really quickly fast track that and bring the royalty side together.

Romeo Maione

6ix

Awesome. I appreciate that.

Graham Van’t Hoff

Chairman

I just emphasize what Paul said, which is, the further we go in de risking the project, the better the deal we will get in a royalty. And obviously we'll have to trade that off. In terms of, how long we wait before we pull that trigger.

But certainly, we don't want to do that like now because we, we'd be paying through the nose relative to where we'll be in six months or so.

Romeo Maione

6ix

Great. So I'll say for everyone who's in the room live and for those watching on the recording, thanks so much for joining us. Paul and Graham, thanks so much for being on today.

I'll throw it to you both for a last word you've got for those watching at home.

Paul Weibel

CEO

I can go first. Appreciate everyone's