5E Acquires Searles Valley, Becomes Boron Producer
5E Advanced Materials has completed its acquisition of Searles Valley Minerals’ operating assets, turning the company from a development-stage business into a producer with three processing sites, a 257-person workforce and two Southern California minerals operations. 5E says new offtake contracts lift netbacks by more than 65% and its base plan targets about $40 million in annual adjusted EBITDA, with borates, sulfate of potash, lithium and tungsten offering additional potential beyond that plan.
Business · 10 sources · Oct 8, 2026Read itThe journal
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About Searles Valley Minerals
Searles Valley Minerals Inc. is a raw materials mining and production company with corporate offices in Overland Park, Kansas. It is owned by the Indian company Nirma. It has major operations in the Searles Valley centered in Trona, California where it is the town's largest employer. The company produces borax, boric acid, soda ash, salt cake, and salt. It also owns the Trona Railway.
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