BUZZ-ASX-listed 5E Advanced Materials gains on $285 mln debt financing from US

Reuters

2024/10/01

** ASX-listed shares of 5E Advanced Materials rise as much as 21.6% to A$0.090, their highest since Sept 9

** The boron and lithium supplier says it received a non-binding letter of interest from the Export-Import Bank of the United States for debt financing of up to $285 mln

** Co says debt package would be utilized for commercial scale development and construction of 5E's Boron Americas Complex

** 5EA stock down 65.6%, YTD

(Reporting by Ayushman Ojha in Bengaluru)

((Ayushman.ojha@thomsonreuters.com;))

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