5E Advanced Materials to Acquire Searles Valley Minerals Assets in Court Sale
Overland Park, Kansas – September 18, 2026 -- Searles Valley Minerals Inc. has agreed to sell substantially all of its operating assets to 5E Advanced Materials, Inc. (Nasdaq: FEAM) in a court-supervised Section 363 transaction combining cash, equity and debt, following a competitive bidding process involving multiple parties.
5E secures Westend and Argus plants alongside 9,000 acres of brine resources
The deal transfers Searles Valley Minerals' Westend and Argus production facilities, approximately 9,000 acres of Searles Lake brine resources, the Trona Railway short-line railroad, and potable water production and distribution infrastructure located in San Bernardino, Kern and Inyo Counties, California. The assets carry permits, licenses and operating rights tied to more than 150 years of continuous mining activity at the site.