FEAM · NASDAQ · Chemicals - Specialty

5E Advanced Materials

Develops an integrated Fort Cady operation from in-situ extraction to boric acid and boron materials.

$1.65
After-hours close+0.02 (+1.23%)
At close$1.63(−4.12%)
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Profile

5E Advanced Materials Inc.FEAMMaterials

Develops its wholly owned Southern California Fort Cady project from in-situ extraction through boric acid and downstream boron-material processing. Small-scale operations began commercial boric-acid production and prospective-customer shipments; development remains tied to Fort Cady operations and additional financing.

Builds its business around the wholly owned Fort Cady/Boron Americas Complex in Southern California. The operating model combines in-situ extraction with boric-acid production, possible lithium-carbonate co-production, and downstream boron-material processing. The company reported commissioning, first production, and shipments from its small-scale facility for prospective-customer qualification. It supports the stated domestic boron-materials supply-chain model.

Formed as a Delaware parent in a corporate reorganization, it trades primarily on Nasdaq while ASX CDIs remain listed. EPA authorization enabled the in-situ-mining process, and commercial-scale development remains dependent on Fort Cady operations and securing additional financing.

Company facts

CEOPaul Weibel
ListedMar 15, 2022
ExchangeNASDAQ
HeadquartersHesperia, CA
CountryUnited States
Employees35
CIK0001888654
ISINUS33830Q2084

Key statistics

Market cap$67.7M
EPS (ttm)−$1.83
P/E (ttm)−0.8907
ROE-70.0%
P/B0.7791
P/S0.00
Dividend yield
Beta2.12vs XLB 0.19

Year to date −52.5% · Average volume (30d) 898.2K

Analysts

Price target, next 12 months$3.50+114.7%Median of 5 analysts · vs the Aug 28 close
ConsensusBuy3 of 5 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionRatingPrior targetTarget
Aug 4, 2026H.C. WainwrightReiterateBuy$5.50$3.50
May 13, 2026H.C. WainwrightTarget$5.75$5.50
Mar 9, 2026H.C. WainwrightTarget$9.50$5.75
Oct 16, 2025H.C. WainwrightTarget$9.50
Oct 2, 2025Maxim GroupReiterateBuy$1.25$7

Earnings

EPS

Estimate−$0.28
ReportedDue Oct 5, 2026

Revenue

Estimate$100.0K
ReportedDue Oct 5, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
May 12, 2026Q3 FY26−$0.28−$0.35−25.0%$100.0K+31.79%
Feb 17, 2026Q2 FY26−$0.55−$0.48+12.7%$100.0K−10.68%
Nov 13, 2025Q1 FY26−$0.58−$0.51+12.1%−9.81%
Sep 29, 2025Q4 FY25−$5.53$7.1M−4.90%
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Financial highlights

12 quartersQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$0$0$0$0$0$0
Gross profit−$1.1M−$897.0K$0$0−$5.5M−$5.4M
Operating income−$11.0M−$10.2M−$9.6M−$10.7M−$10.9M−$10.7M
Net income−$14.3M$5.3M−$9.7M−$10.7M−$10.9M−$12.1M
Diluted EPS−$4.76$0.51−$0.49−$0.51−$0.48−$0.35
Gross margin
Operating margin

Fiscal years (4-quarter sums)FY21 $0 · FY22 $0 · FY23 $0 · FY24 $0 · FY25 $0

Balance sheet, Mar 31, 2026Cash & short-term investments $25.4M · Total debt $123.0K · Total assets $78.1M · Shareholders' equity $73.0M

Dividends

No dividends on record.

Ownership

Institutions 46.87%19.46M sharesInsiders 49.55%20.57M sharesOther 3.58%1.48M shares

Shares outstanding 41.52M · Float 20.86M · 50.2% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Bluescape Energy Partners LLC12.13M29.22%13FMay 15, 2026
BEP Special Situations IV LLC · director, 10 percent owner: 12.13M29.22%Form 4Feb 4, 2026
Ascend Financial Holdings Limited8.36M35.60%13DDec 8, 2025
Ascend Global Investment Fund SPC - Strategic Segregated Portfolio · director, 10 percent owner: 8.36M20.15%Form 4Dec 8, 2025
AWM Investment Company, Inc.3.25M7.80%13GMay 4, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Feb 2, 2026BEP Special Situations IV LLCdirector, 10 percent owner: +4,000,000$2.00
Feb 2, 2026Paul Wesley III Weibelofficer: Chief Executive Officer+3,750$2.00
Feb 2, 2026Joshua Malmofficer: CFO+3,750$2.00
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Peers

  • Rio Tinto (ADR)

    Global refined-borates supplier with large California operations

  • Albemarle

    Large lithium-carbonate and lithium-hydroxide producer

CompareAfter-hours close

CompanyPriceChange
5E Advanced Materials$1.65+1.23%$67.7M
Rio Tinto (ADR)$103.71+0.37%$167.86B13.92.7+14.5%
Albemarle$137.96+0.45%$16.20B13.92.7+31.1%
Median13.913.92.7+22.8%