5EA set to skyrocket, page-285

Thanks for sharing. Decent writeup.

"You can already find 40-50 kilograms of boron materials in the average EV, including in permanent magnets, high-strength steel chassis, ceramic brakes, dashboard screens, body panels and thermal and acoustic insulation. "

At 500,000 tonnes of boric acid a year 5EA is not only much further ahead than the other known projects it is also at bigger scale compared project to project.

"With a resource base of 109 million tonnes at 11.6% boric acid and 324ppm lithium, according to new SEC S-K 1300 reporting guidelines that came into effect last year, at full tilt Fort Cady is set to produce around 500,000 tonnes of boric acid a year through a process of in-situ extraction. "

"5E does not have the emerging boron mine development field to itself however.

Tausch says while there are maybe 100 active projects around the world developing lithium mines, for boron the number is only six, most in early stages and smaller in scale.

Frontrunner Ioneer and Sibanye-Stillwater’s lithium and boron Rhyolite Ridge project in Nevada is in the definitive feasibility stage with capacity for 174,000 tonnes of boron. Production can start as early as 2023, provided some buckwheat doesn’t get in the way.

Three projects are in Serbia: Rio’s stalled Jadar lithium project which includes output of 284,000 tonnes boric acid equivalent from a novel mineral, the Valjevo project being advanced by Euro Lithium + Borates and Erin Ventures’ Piskanja with 163,000 tonnes capacity.

Bacanora’s small scale El Cajon colemanite project in Mexico has not moved beyond its 2013 preliminary economic assessment. "

As suspected, institutional investors have been scooping up shares.

"The company, now based in Houston, dual-listed on the Nasdaq (NASDAQ:FEAM) in mid-March where it’s worth some $1.2 billion and maintains a listing in Australia (ASX:5EA).
Like for most mining exploration stocks, the past six-months haven’t been kind to valuations and 5E is down 50% since listing.

Institutional investors are led by Blackrock, Vanguard and Geode which together owned 12% of the company at the end of June, according to Factset. Goldman Sachs has a nominal stake. 5E’s US ownership is now around 20% of the total and climbing. "