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FEAM Unveils Project Economics and Timeline to Investment Decision
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5E Advanced Materials, Inc. (FEAM - Free Report) recently released preliminary economic ranges for its permitted, in-situ boron mining project in California. As FEAM nears the end of its first phase of commercial engineering, the updated evaluation shows that the project is now likely to produce greater Phase 1 economics than previously predicted while providing extra optionality for advanced materials production.
The forecasted economic highlights for the project include Phase 1 production of 77,000 short tons of B2O3. The targeted capital expenditure for this phase is estimated to be between $390 million and $430 million. The pre-tax, unlevered internal rate of return (IRR) for Phase 1 is projected to range from 18% to 22%, with a net present value (NPV) estimated between $650 million and $715 million.
A critical step to close the first phase of commercial engineering is the completion of vendor equipment testing. FEAM has made significant progress on this so far and now expects completion of vendor testing by late April 2025.
Upon the conclusion of the vendor equipment testing and subsequent release of its pre-feasibility report, FEAM expects to stage-gate to a streamlined Front End Engineering Design phase, keeping the project on track for the final investment decision early next year.
Shares of FEAM have lost 90.2% over the past year compared with a 2.7% decline of its industry.
Image Source: Zacks Investment Research
FEAM’s Rank & Key Picks
FEAM currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation (CRS - Free Report) , ArcelorMittal (MT - Free Report) and Axalta Coating Systems Ltd. (AXTA - Free Report)
Carpenter Technology currently carries a Zacks Rank #2 (Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.7%. The company's shares have soared 179.7% in the past year. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for ArcelorMittal’s current-year earnings is pegged at $3.72 per share. MT, carries a Zacks Rank #2, surpassed the Zacks Consensus Estimate in three of the trailing four quarters but missed it in one, with an average earnings surprise of 4.11%. The company's shares have soared 18.6% in the past year.
Axalta Coating Systems, which currently carries a Zacks Rank #1, beat the consensus estimate in each of the trailing four quarters. In this time frame, it has delivered an earnings surprise of roughly 16.3%, on average. AXTA’s shares have rallied 0.7% over the past year.
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FEAM Unveils Project Economics and Timeline to Investment Decision
5E Advanced Materials, Inc. (FEAM - Free Report) recently released preliminary economic ranges for its permitted, in-situ boron mining project in California. As FEAM nears the end of its first phase of commercial engineering, the updated evaluation shows that the project is now likely to produce greater Phase 1 economics than previously predicted while providing extra optionality for advanced materials production.
The forecasted economic highlights for the project include Phase 1 production of 77,000 short tons of B2O3. The targeted capital expenditure for this phase is estimated to be between $390 million and $430 million. The pre-tax, unlevered internal rate of return (IRR) for Phase 1 is projected to range from 18% to 22%, with a net present value (NPV) estimated between $650 million and $715 million.
A critical step to close the first phase of commercial engineering is the completion of vendor equipment testing. FEAM has made significant progress on this so far and now expects completion of vendor testing by late April 2025.
Upon the conclusion of the vendor equipment testing and subsequent release of its pre-feasibility report, FEAM expects to stage-gate to a streamlined Front End Engineering Design phase, keeping the project on track for the final investment decision early next year.
Shares of FEAM have lost 90.2% over the past year compared with a 2.7% decline of its industry.
Image Source: Zacks Investment Research
FEAM’s Rank & Key Picks
FEAM currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation (CRS - Free Report) , ArcelorMittal (MT - Free Report) and Axalta Coating Systems Ltd. (AXTA - Free Report)
Carpenter Technology currently carries a Zacks Rank #2 (Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.7%. The company's shares have soared 179.7% in the past year. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for ArcelorMittal’s current-year earnings is pegged at $3.72 per share. MT, carries a Zacks Rank #2, surpassed the Zacks Consensus Estimate in three of the trailing four quarters but missed it in one, with an average earnings surprise of 4.11%. The company's shares have soared 18.6% in the past year.
Axalta Coating Systems, which currently carries a Zacks Rank #1, beat the consensus estimate in each of the trailing four quarters. In this time frame, it has delivered an earnings surprise of roughly 16.3%, on average. AXTA’s shares have rallied 0.7% over the past year.