5E Advanced Materials Announces Searles Valley Minerals Assets Takeover Provides ~257 Workforce, Three Processing Sites, Water Utility, 54 Megawatts Of On-Site Cogeneration Capacity

5E Advanced Materials, Inc. (NASDAQ: FEAM) has announced the acquisition of Searles Valley Minerals assets, marking its transition from a development stage company to an operator in the industrial and critical minerals sector. The acquisition includes approximately 257 employees, three processing sites, a water utility, and 54 megawatts of on-site cogeneration capacity. The company expects to achieve approximately $40 million in steady-state annual Adjusted EBITDA under its base plan.