5EA MEGATHREAD

Geez, I just realised we didn’t have a megathread to share media and day to day banter! This one from F00L yesterday.


5E Advanced Materials Inc (ASX: 5EA)

Shares in 5E Advanced Materials have themselves advanced to new highs today, currently trading at $3.47 apiece.

Whilst there’s been nothing price sensitive out of the company’s corner today, it did announce that its equity started trading on the NASDAQ from 15 March. It will trade under the ticker symbol FEAM.

The company’s CHESS Depositary Interests (CDIs) will continue trading on the ASX under the current ticker 5EA.

Under the NASDAQ uplisting, each 5E Advanced Materials share represents 10 CDIs, per the company.

The company says it has “begun extensive investor outreach and non-deal marketing efforts in the US with assistance from its capital markets advisor.”

Speaking on the NASDAQ listing, 5E CEO Henri Tausch was positive and said this was an important milestone in the company’s growth narrative.

“Our NASDAQ listing delivers another important milestone for the Company, and I am incredibly proud of the team who have worked diligently to deliver a successful US listing,” he said.

“We also look forward to working with US and other NASDAQ investors in our pursuit to become a vertically integrated global leader in boron advanced materials.”

Trading volume of 5EA’s shares today is at 163% of its four-week average volume, at the time of writing.