NEW YORK – Troutman Pepper Locke advised the parent company of Searles Valley Minerals, Inc. (Searles Valley), in the sale of Searles Valley’s assets and operations to 5E Advanced Materials, Inc. (5E), an exploration-stage company, which included buyer financing by the parent entity. For more information, see the press release.
Searles Valley is an established industrial and critical minerals operation in Trona, CA, with more than 150 years of production history and extensive processing, infrastructure, and logistics assets. The acquisition brings Searles Valley together with 5E’s Fort Cady Boron Project, creating an integrated Southern California boron platform with near-term production and long-term growth potential.
The Troutman Pepper Locke team that advised Karnavati Holdings, Inc., was led by Nanette Heide, David Fournier, Kenneth Listwak, Sarah Loumeau, Christine McCay, Travis Wheeler, Aaron Smith, and Jonathan Homer.
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