4 stories mentioning ASX:5EAUpdated 25d ago
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5E Advanced Metals (ASX:5EA) has confirmed that its Chess depositary interests will be suspended from trading on Tuesday, with the company set to be removed from the Australian Securities Exchange (ASX) official list on Thursday, May 28, according to a Tuesday filing with the Australian bourse.The company will continue to trade on the Nasdaq Global Select Market under the ticker "FEAM," the filing added.
5E Advanced Metals (ASX:5EA) completed a preliminary economic assessment of lithium carbonate recovery opportunities associated with the lithium-rich brine stream generated from its planned Fort Cady critical mineral facility in California, according to a Thursday filing with the Australian bourse.The assessment highlighted the production of roughly 523 short tons per year of lithium carbonate via direct concentration method, which it identified as the optimal lithium recovery process based on economics, operational fit, and execution risk, the filing said.The company will advance engineering studies and optimization work in the next phase of development planning for the facility, per the filing.
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.
5E Advanced Metals (ASX:5EA) has received approval from the Australian Securities Exchange for a voluntary delisting, according to a Friday filing with the bourse.The company expects the delisting to occur on May 28 and its CHESS depositary interests, or CDIs, to cease trading from the close of market on May 26.It will remain listed in the US on the Nasdaq Global Select Market under the ticker symbol "FEAM."5E Advanced Metals said that as of Feb. 27, only about 4.2% of its common shares were represented by CDIs, and the trading volume of its CDIs on the Australian exchange has also declined compared with the activity on Nasdaq.The company believes that the obligations and costs of maintaining an Australian listing are no longer in its best interests.Shares of 5E Advanced Metals were down nearly 22% in recent Friday trade.
