Slide 1: Reshoring the United States Boron Supply Chain
Reshoring the United States Boron Supply Chain October 2024 : FEAM The information in this presentation is confidential and proprietary, and may not be used, reproduced or distributed without the express written permission of 5E Advanced Materials, Inc. : 5EA
Slide 2: Disclaimer
Disclaimer FORWARD-LOOKING STATEMENTS The information in this Presentation includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements other than statements of historical fact included in this presentation regarding our
Slide 3: 5E Advanced Materials Summary
5E Advanced Materials Summary 5E Advanced Materials trades on the Nasdaq and ✓ the ASX Stock Exchange Largest known new conventional (colemanite) ✓ boron deposit globally outside of Turkey Initial mine life of 31 years and 171M ton ✓ resource containing 7.9M tons of boric acid 1 Currently in product
Slide 4: Boron Market Segments
Boron Market Segments Electric Vehicles and Permanent Magnets Global Energy Transition ▪ Widely used (and largely not substitutable) across Electrification of ▪ Critical material used in wide range of decarbonization Transport technologies (wind, solar, and nuclear) ▪ Key driver of demand in magnets
Slide 5: Mining & Environmental Advantage
Mining & Environmental Advantage In-Situ Mining1 Hard Rock Mining ✓ ✓ Low land disturbance Efficient Processing Risk of pit collapse Equipment and labor intensive ✓ ✓ No tailings dam storage Minimal Excavating Equipment Significant surface area needed Tailings storage Streamlined Multi-Locat
Slide 6: 5E Boron Americas Complex Progress
5E Boron Americas Complex Progress Post-Commissioning Progress: • Commissioned Small Scale Boron Facility in April – now fully operational • Progressively ramped up to higher production rates • Successfully achieved necessary production quality • Addressed initial operational issues with heat exchan
Slide 7: Milestones Achieved & Upcoming Potential Catalysts
Milestones Achieved & Upcoming Potential Catalysts January 2024 March 2024 July 2024 H2 2024 January 2025 Startup Wellfield Finalized & Commissioned Initiated Customer Offtake Discussion & Qualification Process FEL-2 Engineering Plant Qualification Program *Mark Zamek – VP of Sales November 2023 Feb
Slide 8: Next Strategic Steps Forward
Next Strategic Steps Forward 1. Laying the foundation for traditional Production Decision Pathways and Enhanced project finance Project Optionality 2. Project optimization ▪ Complete FEL-2 engineering Optimization work yielding multiple additional co-product and byproduct mixes based on operating ca
Slide 9: The 4 Pillars of Project Execution
The 4 Pillars of Project Execution I. Optimize CAPEX and OPEX: 2. Data Collection and Ramp-up: o Well-field and process optimization o Production quality achieved o Developed power solutions o Ramp-up to higher rates o Value-added byproducts o Deliver product to key customers 4. Customer Qualificati
Slide 10: Project Finance Program
Project Finance Program
Slide 11: Commercial Phase 1 Project Funding Sources ~US$373M
Commercial Phase 1 Project Funding Sources Traditional Equity ▪ Capital Markets ▪ Existing Shareholders ▪ Institutional and Retail Project Finance Facilities ▪ Traditional Project Finance 1 ▪ Export Import Credit Bank ~US$373M LOI Sept. 24 ▪ DOE Loan Programs – Title 17 Non-Dilutive Funding ▪ Custom
Slide 12: United States Government – Funding Support Opportunities
United States Government – Funding Support Opportunities FUNDING SOURCES FEAM State of the Union Department of Defense Department of Defense ▪ Defense Production Act, ▪ Multiple applications for funding already in progress DPA Title III DOD ▪ Funding focused on increasing current ▪ NDAA Funding Bill
Slide 13: The Global Boron Market
The Global Boron Market
Slide 14: 5E is a pure-play boron investment opportunity
5E is a pure-play boron investment opportunity Boron Supply-Demand Imbalance1 Boron Product Distribution Markets2 Detergents 4% Micronutrient 13% Ceramics 15% Green Energy 18% Transition Glass 50% (Fiberoptics Fiberglass Composites) Note: Elemental boron figures converted to boric acid equivalent at
Slide 15: Investment Thesis
Investment Thesis ✓ Fully integrated business going from mineral to application ✓ Limited competitive landscape to supply boron ✓ ELECTRIC FOOD VEHICLES SECURITY Tailwinds for U.S. investment into clean energy transition ✓ Mining the most commercially viable families of borates to process ✓ Solution
Slide 16: The Team to Deliver
The Team to Deliver Leadership Team Board of Directors David J. Salisbury NON-EXECUTIVE CHAIR BSc, MBA Graham van’t Hoff NON-EXECUTIVE DIRECTOR BA, MChem, MBA Paul Weibel Lonnie Bailey Josh Malm Mark Zamek Rod MacLaine Bryn Jones CHIEF EXECUTIVE PLANT CHIEF FINANCIAL VP COMMERCIAL VP NON-EXECUTIVE D
Slide 17: Thank You
ADVANCED MATERIALS