Slide 1: Reshoring the United States Boron Supply Chain
Reshoring the United States Boron Supply Chain Fiscal 2024: Year-End Update Call September 4, 2024 : FEAM : 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: Welcome
Welcome Today’s speakers: Paul Weibel J.T. Starzecki Chief Executive Chief Strategy Officer Officer Today’s Agenda: • Capital Funding Update • Small Scale Boron Facility Progress • Operations and Cost Optimization • Commercial & Government Report • Strategic Next Steps 3
Slide 4: Capital Raise – Solidifies Pathway to Large-scale Engineering
Capital Raise – Solidifies Pathway to Large-scale Engineering 5E Recently reached new capital commitments • Direct offering of $4 million common equity, $6 million of convertible notes • Most cost-efficient method based on cost of capital New capital ensures 5E’s ability to: • Achieve FEL-2 engineer
Slide 5: 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 6: Plant-Level Cost Optimization Plans In Action
Plant-Level Cost Optimization Plans In Action Increased injection temperatures Reduces structural OPEX through lower energy use Structural OPEX and CAPEX optimization can be Chilled crystallization methods achieved via technical Reduces go-forward CAPEX through lower materials costs improvement oppo
Slide 7: Advancing 5E’s Commercial Strategy in Action
Advancing 5E’s Commercial Strategy in Action Began shipping boric acid samples in late June 5E is actively engaged in discussions Customer with global industry leaders across: • Shipments made to two potential qualification customers • Materials Sciences process is • Consumer Electronics • Volume wo
Slide 8: Seeking Federal Funding Support
Seeking Federal Funding Support GOV’T FUNDING SOURCES CURRENT STATE OF AFFAIRS Department of Defense Department of Defense ▪ Multiple applications for funding already in ▪ Defense Production Act, progress DPA Title III DOD ▪ Funding focused on increasing current ▪ NDAA Funding Bill production, as we
Slide 9: 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 10: 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 11: Thank you
ADVANCED MATERIALS
Slide 12: Appendix
ADVANCED MATERIALS
Slide 13: 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 In Discussion & FEL-2 Engineering Plant Qualification Program Qualification Process February 2024 April 2024 H2 2024 H2 2024
Slide 14: Financial Snapshot
Financial Snapshot ($ million) June 30, 2024 Assets Current Assets Cash & Cash Equivalents $4.9 Other Current Assets $1.9 Total Current Assets $6.8 Non-Current Assets Construction in Progress $0.6 Net Property, Plant & $73.9 Equipment Mineral Rights $7.6 Other Non-Current Assets $0.6 Total Non-Curre
Slide 15: Summary – Income Statement & Cap Table
Summary – Income Statement & Cap Table Income Statement Capitalization Table Year Ended August 31, 2024 ($ million) June 30, 2024 Common Shares Outstanding 63,491,135 Project expenses $6.6 New Shares Issued 1 5,333,333 General and administrative $24.0 Warrant Shares 1 10,666,666 Depreciation and amo
Slide 16: Why 5E? A pure-play boron investment opportunity
Why 5E? 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