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5E Advanced Materials Inc is a development-stage company focused on becoming a vertically integrated supplier of refined borates and advanced boron derivative materials. The company owns the 5E Boron Americas (Fort Cady) Complex in Southern California, which is underpinned by boron reserves and a lithium resource, with the boron contained in the mineral colemanite. It currently operates a small-scale facility at the project to support the development of a commercial-scale operation. The company plans to extract and process boron resources into products including boric acid and calcium-based co-products, with lithium carbonate and other byproducts also potentially produced.

BHP Group Limited is a global resources company primarily involved in the exploration, production, and processing of minerals. The company operates in the natural resources industry, with significant activities in iron ore, metallurgical coal, and copper mining. BHP's operations are geographically diverse, with major assets located in Australia, North America, and South America. Its headquarters are situated in Melbourne, Australia. The company has a strategic focus on sustainable mining practices and technological innovation to enhance productivity and environmental stewardship. BHP's competitive strengths include its scale of operations, diversified asset portfolio, and strong supply chain network.