Announcing 5E Advanced Materials – GuruFocus.com
- FEAM stock selected for inclusion in the Russell 2000®Russell 3000®and Russell Microcap® Index
- Around US$12 trillion in assets are benchmarked against US Russell indices
HOUSTON, June 13, 2022 (GLOBE NEWSWIRE) — 5E Advanced Materials, Inc. (FEAM) (ASX: 5EA) (“5E”, “We”, “Our” or the “Company”) today announced that the FEAM stock has been selected for inclusion in the Russell 2000® Index, Russell 3000® Index and Russell Microcap® Index in effect after the US market opens on June 27, 2022.
The annual reconstitution of the Russell US indices captures the 4,000 largest US stocks as of May 6, 2022, ranking them by total market capitalization. Membership in the US All Cap Russell 3000® The index, which remains in place for a year, means automatic inclusion in the large-cap Russell 1000® Russell 2000 Index or Small Cap® Index as well as appropriate growth and value style indices. FTSE Russell, a leading global index provider, determines membership in its Russell indices primarily based on objective market capitalization rankings and style attributes.
Russell indices are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. About US$12 trillion in assets are benchmarked against US Russell indices.
Commenting on the inclusion in the Russell indices, President and CEO, Mr. Henri Tausch said:
“We are delighted that 5E has been selected for inclusion in the Russell Indexes as they represent some of the most cited indexes for US companies. This inclusion is an important step for the company as it increases our exposure to the wider investment community following a successful listing on the Nasdaq in March 2022 while maintaining a secondary listing on the ASX.
We look forward to working with Russell’s benchmark investment managers, who represent approximately US$12 trillion in assets, and hope to achieve further index inclusions as we progress in our vision of becoming a world leader in critical materials – boron and lithium.
About 5E Advanced Materials, Inc.
5E Advanced Materials, Inc. (FEAM) (ASX: 5EA) is an exploration-stage company that aims to become a vertically integrated global leader and supplier of boron specialties and advanced materials, complemented by production capabilities of lithium. Our mission is to become a supplier of these critical materials to industries dealing with global decarbonization, food production and homeland security. We anticipate that boron and lithium products will target applications in electric transportation, clean energy infrastructure such as solar and wind power, fertilizers and homeland security. Our business strategy and objectives are to develop capabilities ranging from upstream extraction and sale of boric acid products, lithium carbonate and potentially other co-products, to processing and development of advanced boron materials downstream. Our business is based on our significant national boron and lithium resource, which is located in Southern California and designated as critical infrastructure by the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency, and we intend to leverage leveraged this asset once commercially operational to internally source our proposed downstream advanced materials development activities over time.
About FTSE Russell
The information in this document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and as described in Australian securities laws and in other countries. other jurisdictions. Forward-looking statements are generally identified by the words “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “may”, “could” and other similar expressions, but not all. forward-looking statements contain these identifying words. All forward-looking statements reflect a number of assumptions, which are subject to numerous risks and uncertainties, many of which are beyond 5E’s control, and which could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, our limited operating history in the borate industry with no revenues from our properties; our need for substantial additional financing to execute our business plan and our ability to access capital and capital markets; our status as an exploration-stage company with no known mineral reserves and the inherent uncertainty of mineral resource estimates; risks and uncertainties related to the development of the Fort Cady project; risks related to demand for end-use applications that require borates and related minerals and compounds that we plan to produce; risks related to compliance with environmental and regulatory requirements; unforeseen costs or delays associated with our small-scale boron facility; and the realization and result of future technical and economic studies related to our project. For more information regarding these various risks and uncertainties, you should carefully review the risk factors and other information contained in our amended Form 10 filed with the United States Securities and Exchange Commission (SEC) on March 7, 2022, and our Form 10-Q filed with the SEC on May 12, 2022. Additional risks are also disclosed by 5E in its filings with the Securities and Exchange Commission (SEC) throughout the year, including its Forms 10 -K, 10-Qs and 8-Ks, as well as in its filings with the Australian Securities Exchange. All forward-looking statements are made only as of the date hereof. Except as required by law, 5E expressly disclaims any obligation to update or revise these forward-looking statements. Further, 5E assumes no obligation to comment on any third-party analysis or statement regarding actual or expected financial or operating results of 5E or its securities.
Authorized for release by: Henri Tausch, Chairman and CEO
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