Baker McKenzie has acted for 5E Advanced Materials, Inc. (5E) and American Pacific Borates Limited (ABR) on a scheme of arrangement under which ABR de-merged 5E and successfully listed 5E on Nasdaq (primary listing under ticker “FEAM”) and the ASX (secondary listing under ticker “5EA”).
5E is positioned to be a vertically integrated global leader in BORON+ advanced materials with a focus on enabling decarbonization. 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. ”
Baker McKenzie's lead partner, Sean Duffy stated: "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 decarbonization applications."
Sean Duffy who was assisted by a core Australian team comprising: 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.