5E Advanced Materials Announces $36M Public Offering

Boron materials company raises funds for operations, development

Published on Feb. 10, 2026

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5E Advanced Materials, Inc., a development stage company focused on becoming a vertically integrated global leader and supplier of refined borates, advanced boron derivative materials, and critical materials, announced the closing of a $36 million public offering of common stock. The offering was led by one of the company's largest stockholders and several new institutional investors.

Why it matters

The funding will allow 5E to advance its operations, including the small-scale boron facility, wellfield development, commercial mine planning, and other general corporate purposes. This financing is seen as crucial to finalizing pending commercial offtake contracts and extending the company's operational runway through the critical commercialization phase.

The details

The offering consisted of 18 million shares of common stock at a public offering price of $2.00 per share, resulting in gross proceeds of approximately $36 million. Konik Capital Partners, LLC, a division of T.R. Winston & Company, acted as the sole placement agent for the offering. 5E plans to use the net proceeds, along with existing cash, for the operation of its small-scale boron facility, wellfield development, finalization of its commercial mine plan, FEED engineering, and general corporate purposes.

  • The offering was announced and closed on February 10, 2026.

The players

5E Advanced Materials, Inc.

A development stage company focused on becoming a vertically integrated global leader and supplier of refined borates, advanced boron derivative materials, and critical materials.

Konik Capital Partners, LLC

A division of T.R. Winston & Company that acted as the sole placement agent for the offering.

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What’s next

The company believes this financing provides the necessary capital to finalize pending commercial offtake contracts and extends its operational runway through the critical commercialization phase.

The takeaway

The successful $36 million public offering positions 5E Advanced Materials to advance its plans to become a vertically integrated global leader in boron specialty and advanced materials, complemented by lithium co-product production, supporting industries addressing global decarbonization, food and domestic security.