5E Advanced Materials Receives Letter of Intent for Up to $285 Million in Debt Funding

MT Newswires Live

2024/10/02

5E Advanced Materials (ASX:5EA) received a non-binding letter of interest from the Export-Import Bank of the United States for up to $285 million in debt financing, according to a Tuesday filing with the Australian bourse.

The potential duct would have an up to 15-year tenor as the boron and lithium company's Americas complex is designated critical infrastructure by the US' Department of Homeland Security, the filing stated.

5E expects to submit a formal application to the Export-Import Bank in 2025, according to the filing.

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