5E Advanced Materials Closes $8.31 Million Public Offering

5E Advanced Materials, Inc. has announced the closure of its public offering of common stock, raising approximately $8.31 million. The offering included 2,374,481 shares sold at $3.50 each. The proceeds will support the operation of the company’s boron facility, development projects, and other corporate purposes.

Konik Capital Partners, LLC managed the offering. The offering was made under an effective registration statement filed with the SEC. The company aims to utilize the net proceeds to advance their boron and derivative materials operations.

The registration statement, listed on the SEC’s website, provides detailed terms and conditions of the offering. This step aligns with 5E’s strategy to become a leader in boron and advanced materials globally.