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

5E Advanced Materials

01/10/2024 02:00

** ASX-listed shares of 5E Advanced Materials  5EA.AX  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;))