09:35 AM EDT, 09/30/2024 (MT Newswires) -- 5E Advanced Materials ( FEAM ) said Monday that it has received a non-binding letter of interest from the Export-Import Bank of the US to create a debt facility of up to $285 million to backstop project debt financing.

The company said it would use the debt facility to scale and develop the construction of its Boron Americas Complex. It also said that the potential debt funding package would carry a repayment tenor of up to 15 years.

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