5E Advanced Materials, Inc. Secures $60M Investment from Large Cornerstone U.S. Investor, Bluescape Group - Investment introduces a cornerstone U.S. strategic financial partner focused on power and energy transition with substantial resources and relationships with U.S. shareholders and the U.S. government - Investment strengthens 5E’s balance sheet, enhancing financial flexibility and liquidity- Small-Scale Boron Facility (“SSBF”) progresses on-schedule towards target mechanical completion in CQ4 2022- Customer activities accelerating after signing Letter of Intent with Corning Incorporated (NYSE: GLW) - U.S. marketing efforts to increase with upcoming awareness and investor campaign, including investor roadshows and the hiring a 25 Year Marketing Veteran, Deborah West"We are pleased to partner with Bluescape as they are a respected U.S. institutional investor that offers value to our Company far beyond that of a typical financial investment." - Henri Tausch, 5E CEO“We see tremendous value in 5E and their boron and lithium resource in Southern California. We look forward to partnering with 5E as we merge skills and relationships to generate value for stakeholders." - John Wilder, Bluescape Executive Chairman and CEO
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