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5E listed on ASX and Nasdaq
BORON+ advanced materials company 5E has been demerged and listed on the ASX and Nasdaq stock exchanges, following a scheme of arrangement with American Pacific Borates.
Lauren Croft
Firm: Baker McKenzie (5E Advanced Materials, American Pacific Borates)
Value: N/A
Area: Projects and infrastructure
Key players: The Baker McKenzie team was led by partner Sean Duffy, who was assisted by Isaac Evans, Miles Hurst, William Malouf, Stephanie Glass, Cecile Baume, Helen Joyce, Sophie Snow, Derek Pocock and Ellen Leishman. Baker McKenzie’s US team comprised Craig Roeder, Christopher Lapp, Tom May, Julia Skubis Weber and Victor Flores.
Deal significance: BORON+ products target critical, high-value applications within electric transportation, clean energy, food and domestic security. 5E’s advanced materials business is underpinned by its boron resource in Southern California – the largest known new conventional boron deposit globally. 5E has secured designation by the US government for that resource to be classified as “critical infrastructure” by the US Cybersecurity and Infrastructure Security Agency.
5E’s general counsel Chantel Jordan stated: “With Baker McKenzie’s support, we are pleased to deliver our shareholders a successful US listing of 5E on the Nasdaq (Nasdaq: FEAM), while advancing our vision to become a vertically integrated global leader in BORON+ advanced materials.”
Commenting on the deal, Mr Duffy added: “Led out of Australia, this multifaceted matter unfolded over the last 12 months and involved a number of Baker McKenzie’s US offices (Chicago, New York and Washington DC).
“We worked closely with 5E’s team, specifically its general counsel, Chantel Jordan, and chief financial officer, Paul Weibel, as well as ABR’s Anthony Hall and Aaron Bertolatti. We were delighted to assist 5E and ABR on their important work, centered on scarce minerals which will be vital to decarbonisation applications.”
Lauren Croft
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
