5E Advanced Materials (FEAM)
Develops an integrated Fort Cady operation from in-situ extraction to boric acid and boron materials.
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Develops its wholly owned Southern California Fort Cady project from in-situ extraction through boric acid and downstream boron-material processing. Small-scale operations began commercial boric-acid production and prospective-customer shipments; development remains tied to Fort Cady operations and additional financing.
Builds its business around the wholly owned Fort Cady/Boron Americas Complex in Southern California. The operating model combines in-situ extraction with boric-acid production, possible lithium-carbonate co-production, and downstream boron-material processing. The company reported commissioning, first production, and shipments from its small-scale facility for prospective-customer qualification. It supports the stated domestic boron-materials supply-chain model.
Formed as a Delaware parent in a corporate reorganization, it trades primarily on Nasdaq while ASX CDIs remain listed. EPA authorization enabled the in-situ-mining process, and commercial-scale development remains dependent on Fort Cady operations and securing additional financing.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 4, 2026 | H.C. Wainwright | Reiterate | Rating: —Target: $5.50 | Target: $3.50 |
| May 13, 2026 | H.C. Wainwright | Target | Target: $5.75 | Target: $5.50 |
| Mar 9, 2026 | H.C. Wainwright | Target | Target: $9.50 | Target: $5.75 |
| Oct 16, 2025 | H.C. Wainwright | Target | Target: — | Target: $9.50 |
| Oct 2, 2025 | Maxim Group | Reiterate | Rating: —Target: $1.25 | Target: $7 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $19.5M · Total debt $68.0K · Total assets $68.0M · Shareholders' equity $64.1M
- Revenue
- $0
- Operating income
- −$9.4M
- Net income
- −$9.2M
No dividends on record.
| Institutions | 47.28% | 19.63M shares | |
|---|---|---|---|
| 37 holders · as of Jun 30, 2026 | |||
| Insiders | 0.39% | 163.5K shares | |
| 7 holders · as of Sep 15, 2026 | |||
| Strategic holders | 0.65% | 268.9K shares | |
| 2 holders · as of Jan 29, 2024 | |||
| Other | 51.68% | 21.45M shares | |
| remainder | |||
41.52M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Bluescape Energy Partners LLCInstitution | 29.22% | 12.13M | as of Jun 30, 2026 |
Awm Investment Company, Inc.Institution | 7.53% | 3.13M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 2.35% | 973,958 | as of Jun 30, 2026 |
Aristides Capital LLCInstitution | 1.32% | 546,278 | as of Jun 30, 2026 |
Potomac Capital Management, Inc.Institution | 1.22% | 506,300 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 2, 2026 | BEP Special Situations IV LLC | director, 10 percent owner: | +4,000,000 | $2.00 |
| Feb 2, 2026 | Paul Wesley III Weibel | officer: Chief Executive Officer | +3,750 | $2.00 |
| Feb 2, 2026 | Joshua Malm | officer: CFO | +3,750 | $2.00 |
- Rio Tinto (ADR)
Global refined-borates supplier with large California operations
- Albemarle
Large lithium-carbonate and lithium-hydroxide producer
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| 5E Advanced Materials | $2.90 | +16.73% | $103.0M | — | — | — | — |
| Rio Tinto (ADR) | $97.43 | +0.40% | $157.69B | 13.2 | — | 2.6 | +57.4% |
| Albemarle | $116.25 | +2.95% | $13.32B | — | 11.8 | 2.3 | +31.1% |
| Median | 13.2 | 11.8 | 2.4 | +44.2% |