Australian shares of 5EA Advanced climb as co kicks off California mining operations

5E Advanced Materials

03/01/2024 24:48

** Australian shares of dual-listed 5EA Advanced Materials
 5EA.AX  rise as much as 17.8% to A$0.265, marking their biggest
intraday pct gain since Nov 23, 2023
    ** Stock at its highest level since Dec 7, 2023
    ** The U.S.-based boron and lithium co  FEAM.O  says it
started mining operations at 5E Boron Americas Complex in
California 
    ** Adds it is now working its Environmental Protection
Agency Underground Injection Control (UIC) permit to begin
extracting valuable minerals from its project at Fort Cady in
the U.S.
    ** About 909,605 shares change hands vs 30-day average
volume of 442,212 shares
    ** 5EA stock down 81.8% in 2023 
    

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))