Province is proud to share the firm served as financial advisor to 5E Advanced Materials, Inc. (NASDAQ: $FEAM) in connection with its agreement to acquire certain assets of Searles Valley Minerals through a court-supervised sale process. The assets include critical mineral production facilities, brine resources and related infrastructure in San Bernardino County, California. The transaction remains subject to customary closing conditions, including approval by the U.S. Bankruptcy Court for the District of Delaware.
The Province team was led by Joseph Berman and Nathan Smith. The proposed acquisition is expected to expand 5E’s platform from critical-mineral development into commercial production while complementing its existing Fort Cady boron project.