From GlobeNewswire:

5E Advanced Materials, Inc. announced that stockholders have approved 3 proposals related to the company’s out of court restructuring at a special meeting. The CEO Susan Brennan expressed gratitude for the strong shareholder support, stating that the approval of the recapitalization plan gives the company the ability to further their vision as a producer of boric acid and lithium. The out of court restructuring transactions are expected to be consummated on January 17, 2024. 5E Advanced Materials, Inc. aims to become a global leader in boron specialty and advanced materials, with a focus on industries addressing global decarbonization, food, and domestic security. Their mission is to supply critical materials such as boric acid and lithium to various applications including electric transportation, clean energy infrastructure, fertilizers, and domestic security. However, the business strategy faces risks and uncertainties, and the company urges caution to potential investors.



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