In this episode, we speak to Paul Weibel, CEO of 5E Advanced Materials, the company advancing the Fort Cady boron project in California. We’ll explore Paul’s path into mining and the leadership lessons he’s carried to the C-suite; get a clear update on Fort Cady’s status and key takeaways from the recent Preliminary Feasibility Study; and dig into why boron matters, its market size, the industries driving demand, and what that means for U.S. supply. KEY TAKEAWAYS 5E Advanced Materials focuses on boron extraction from a unique culminate deposit in California, which is the only one of its kind in the U.S. The company has been mining at a pilot scale for 20 months and is preparing for commercial production. Boron is critical for various applications, including glass production, ceramics, and advanced materials like boron carbide used in armour. The market for boron is expected to grow at an average rate of 5-6% annually The company is pursuing project debt financing as a primary means to fund its operations, targeting a $285 million facility from the U.S. Export-Import Bank The U.S. boron supply chain faces challenges due to tariffs and geopolitical dynamics, which have affected pricing and availability BEST MOMENTS "Boron is the fifth element on the periodic table. It has very unique chemical properties... it basically is critical to life as we know it." "This market is growing... on a weighted average basis, that market's growing at about 8%. This diversification is a bit of an insulator to low growth." "There's a ton of upside in this market. It's an oligopoly structure... the second largest producer is not around forever. They have a very defined mine life." "We want to get that agency debt... the USGS critical mineral list is basically the main policy form that gets cheaper agency financing available." VALUABLE RESOURCES Mail:        rob@mining-international.org LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/ X:              https://twitter.com/MiningRobTyson YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast  Web:        http://www.mining-international.org GUEST SOCIALS  Ph # - +1 442-221-0225 Email - hello@5eadvancedmaterials.com https://x.com/5EAMaterials https://www.facebook.com/5EAdvancedMaterialsInc/ https://www.youtube.com/playlist?list=PLtaY2C7EDECuT_RRqDC-pIVcqcKO1tAQd https://www.5eadvancedmaterials.com/⁠ ⁠https://www.linkedin.com/company/5e-advanced-materials-inc CONTACT METHOD rob@mining-international.org https://www.linkedin.com/in/rob-tyson-3a26a68/ Podcast Description Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.  This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/