With the initiation of the wellfield injection process, 5E Advanced Materials, Inc. has officially started mining operations at the site.
Image Credit: Mark Agnor/Shutterstock.com
5E Advanced Materials, Inc. is boron and lithium company with its 5E Boron Americas Complex designated as Critical Infrastructure by the US government. With its completely owned project at Fort Cady, the company is currently working under its EPA UIC permission to start mining important minerals. With the intention of finishing up unfinished business at the facility concurrently, 5E has begun wellfield activities since announcing its operational plan.
5E anticipates starting short-term lab production and small-scale facility production of lithium carbonate and boric acid by the end of the first calendar quarter of 2024. As the company concentrates on going commercial, this first production will be utilized to qualify customers to secure bankable offtake agreements and future revenues to sustain FEL 2 engineering.
We are excited about reaching this major milestone through the launch of mining operations today at our 5E Boron Americas Complex. The 5E team has been resilient through the construction process, navigating several challenges and ultimately bringing our facility on-line. We look forward to 2024 as we continue advancing our vision as we now become the newest domestic producer of boric acid and lithium carbonate.
Susan Brennan, Chief Executive Officer, 5E Advanced Materials, Inc
Source: https://5eadvancedmaterials.com/