5E Advanced Materials agrees to buy Searles Valley Minerals assets
FEAM•Closing conditions and conference remarks
Closing remains subject to Bankruptcy Court clearance, resolution of California Air Resources Board objections, Surface Transportation Board sign-off, and other conditions.
CEO Paul Weibel outlined the transaction at the Water Tower Research Insights Conference on September 22, 2026.
Deal to acquire specified Searles Valley assets
5E Advanced Materials agreed to acquire specified assets of Searles Valley Minerals, aiming to add operating production and near-term revenue.
The deal would combine Searles Valley’s infrastructure and customer base with the Fort Cady boron resource to scale a U.S. critical minerals platform.
