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5E Advanced Metals Signs 10-Year Offtake Agreement With Industrial Customer

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5E Advanced Metals (ASX:5EA) signed 10-year offtake heads of agreement with an unnamed industrial customer, according to a Wednesday filing with the Australian bourse.

The agreement serves as a foundation for the bankability of 5E Advanced Metals' Fort Cady project in California and shows that its boric acid meets the quality demands of industry end users, the company said.

5E Advanced Metals aims to sign more offtake agreements over the coming weeks and months following a roadshow during which it met with a dozen potential customers.

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