| Over a week ago | ||||
New option listings for… New option listings for June 16th include EGIO Stock (EGIO) and 5E Advanced Materials Inc (FEAM). Option delistings effective June 16th include Limelight Networks (LLNW). | ||||
5E Advanced Materials… 5E Advanced Materials announced that the Company's FEAM stock has been selected for inclusion in the Russell 2000 Index, Russell 3000 Index, and Russell Microcap Index effective after the U.S. market opens on June 27, 2022. | ||||
Baird analyst Ben Kallo… Baird analyst Ben Kallo initiated coverage of 5E Advanced Metals with an Outperform rating and $36 price target. The company is developing its Ft Cady resource to extract Borates which are essential minerals used in applications from agriculture to energy to transportation and based on the use cases and demand for BORON+ and other advanced materials increase, 5E Advanced Metals has an opportunity to capture significant market share of materials used in electric vehicle components. | ||||
Baird analyst Ben Kallo… Baird analyst Ben Kallo initiated coverage of 5E Advanced Metals with an Outperform rating and $36 price target. | ||||
| Over a month ago | ||||
5E Advanced Materials… 5E Advanced Materials (FEAM) has entered into a non-binding letter of intent with Corning Incorporated (GLW) to supply boron specialty materials. Under the terms of the LOI, 5E and Corning will work towards a binding agreement for the supply of boron specialty and advanced materials, which are used in the manufacture of Corning's products. 5E and Corning will also collaborate and share technical know-how for the purpose of developing and enhancing boron advanced materials. Commenting on the LOI with Corning, President and CEO, Mr Henri Tausch noted: "We look forward to working with Corning, an industry leader in the global technical glass markets and a trusted partner to many marque brands. Corning's leadership in the markets it serves offers a strong end use for our boron specialty and advanced materials. We are also pleased to support Corning's sustainability commitments, as they align well with our environmental light-touch extraction and processing methods. We intend to have a long-term partnership with Corning as we focus on continuous innovation as technologies evolve. | ||||
DA Davidson analyst Matt… DA Davidson analyst Matt Summerville raised the firm's price target on 5E Advanced Metals to $36 from $30 and keeps a Buy rating on the shares. The analyst cites higher boric acid pricing while also noting that construction on the small-scale boron facility at Fort Cady appears to be tracking well to mechanical completion by year-end 2022. | ||||
| Over a quarter ago | ||||
DA Davidson analyst Matt… DA Davidson analyst Matt Summerville initiated coverage of 5E Advanced Metals with a Buy rating and $30 price target. The company is slated to begin ramping a small-scale boron facility by year-end 2022, eventually scaling to 250K/500K short TPY of boric acid run-rate output, the analyst tells investors in a research note. Currently, the boron market is dominated by duopolistic upstream supply and China downstream processing for advanced materials used in decarbonization, with supply/demand dynamics favoring upward risk to underlying commodity pricing, Summerville adds. | ||||
5E Advanced Materials has… 5E Advanced Materials has entered into a research collaboration agreement with Georgetown University for the advancement of boron based materials research in permanent magnets. Under the terms of the agreement, 5E will provide funds to and collaborate with Georgetown in exploring boron-based novel magnetic materials. This research has the potential to create intellectual property and commercialization pathways for 5E as it pertains to the manufacturing of boron enhanced permanent magnets. This research effort will focus on exploring boron-based permanent magnet materials using earth-abundant elements. This combination has the potential to enhance the performance of such permanent magnets in the form of higher energy density and/or improved mechanical properties. | ||||
