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Searles Valley Minerals

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uuid0009soh

Namestring
Searles Valley Minerals
Legal namestring
Searles Valley Minerals Inc.
Websiteurl
svminerals.com
Company typeenum
Private
Founded yearint
1990
Descriptiontext

Searles Valley Minerals is a privately held U.S. mining and metals company that extracts and processes five mineral products — boric acid, pentahydrate borax, sodium sulfate, sodium carbonate (dense soda ash), and sodium chloride — from brine solutions at Searles Lake in California. The company operates three integrated processing facilities — Argus, Trona, and Westend — covering more than 339 acres, and uses a proprietary solution mining technique that the company markets as ecologically superior to open-pit mining, including a novel solvent extraction process developed in 1962 for recovering boric acid and potassium sulfate from weak brines. The asset base sits on one of the world's largest known soluble mineral deposits, with Searles Lake estimated to contain approximately 4 billion tons of soluble mineral salts extending to depths of about 350 feet across 16 saline mineral layers separated by mud layers.

Short descriptiontext

Searles Valley Minerals is a privately held U.S. mining and metals company that uses solution mining to extract boric acid, soda ash, sodium sulfate, borax, and salt from Searles Lake brine, supplying industrial and agricultural manufacturers across 52 countries.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersShawnee Mission, United States
HQ citystring
Shawnee Mission
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
industrial mineral extraction, solution mining operations, boric acid production, soda ash manufacturing, sodium sulfate supply
Industry3 codes
1Borates Mining
CodeIMAKAGADPrimaryYes
2Industrial Salt Mining (Rock Salt, Brine)
CodeIMAKAGAGPrimaryNo
3Mining & Metals Process & Water Chemicals
CodeIMAEAJAJPrimaryNo
NAICS code3 codes
  • Nonmetallic Mineral Mining and Quarrying2123
  • Other Nonmetallic Mineral Mining and Quarrying212390
  • Other Nonmetallic Mineral Mining and Quarrying21239
SIC code2 codes
  • Mining & Quarrying Of Nonmetallic Minerals (No Fuels)1400
  • Industrial Inorganic Chemicals2810
Product category
Industrial Minerals Manufacturing
Social media profiles1 record
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Mineral Products Sales
TypeOne Time License
Description

Sale of bulk commodity minerals including Boric Acid, Pentahydrate Borax, Sodium Sulfate, Sodium Carbonate (Soda Ash) and Salt. Products sold to industrial and agricultural manufacturers globally. Overseas sales account for over half of annual revenue.

svminerals.com
2Industrial and Agricultural Mineral Supply
TypeOne Time License
Description

Products used in manufacturing: window glass, windshields, water softening systems, dyes, detergents, fire retardants, fiberglass insulation, wood treatments, flat screen monitors, electronic parts and special coatings.

svminerals.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D
Pricing details1 tier
1Bulk and packaged mineral products with volume-based quoting
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Products available in Bulk, 2000 lb totes, 25 Kg bags, and Other unit sizes. Annual volume quoted in tons. Pricing provided through Account Management team via quote request system.

svminerals.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Searles Valley Minerals processes brine solutions from Searles Lake using a unique, ecologically friendly solution mining technique to produce five mineral products: Boric Acid, Pentahydrate Borax, Sodium Sulfate, Sodium Carbonate (Soda Ash Dense), and Sodium Chloride (Salt). The company operates three processing facilities (Argus, Trona, and Westend) covering more than 339 acres in Searles Valley, California, supplying bulk mineral inputs to industrial and agricultural manufacturers worldwide in 52 countries.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Over 100 years of mining experience
+2 more records
Product overview1 text field

Searles Valley Minerals operates as a mineral extraction and processing company that produces five primary products from brine solutions at Searles Lake using unique solution mining technology: Boric Acid, Pentahydrate Borax, Sodium Sulfate, Sodium Carbonate (Soda Ash Dense), and Sodium Chloride. The company's three facilities—Argus, Trona, and Westend—process these minerals for industrial and agricultural customers worldwide. Borates support high-technology applications including electronics and fire retardants, while soda ash and sodium sulfate serve glass, detergent, and textile industries.

Product and service1 record
1Pentahydrate Boric Acid
Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-01-26
Description

GlassPoint is a solar industrial process heat provider working on megaprojects with Searles Valley Minerals in California. GlassPoint closed a $20M funding round in January 2026 with participation from N.I.S. New Investment Solutions and MIG Capital. The partnership includes a 750 MWth deployment for Searles Valley Minerals. In June 2025, GlassPoint and Searles Valley Minerals partnered to reduce costs and boost US mineral competitiveness through solar technology, including plans to replace coal-fired power plants with solar tech.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Ma'aden (Saudi Arabian Mining Company) is mentioned alongside Searles Valley Minerals as a partner in GlassPoint's megaprojects - a 1.45-GW project in Saudi Arabia with Ma'aden and 750-MW project with Searles Valley Minerals in California.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Ciner Group's Ciner Wyoming operates one of the world's largest natural soda ash mines in the Green River Basin. Direct peer in natural soda ash production with similar global export orientation and competition with Chinese synthetic producers.

TypeDirect peer
Description

Rio Tinto's borates business (formerly U.S. Borax) operates the world's largest open-pit borax mine at Boron, California. Direct peer producing refined borates (boric acid, pentahydrate borax, decahydrate borax) for high-tech, agriculture, and industrial applications from a California brine/ore deposit.

TypeDirect peer
Description

Turkey's state-owned minerals enterprise and the world's largest producer of boron minerals by volume. Direct peer in borate mining and refining, producing boric acid, pentahydrate borax, and colemanite for global industrial and agricultural markets.

TypeDirect peer
Description

Indian-based global soda ash and sodium bicarbonate producer with operations in India, UK, Kenya, and the U.S. (including Tata Chemicals North America, which is providing DIP financing to SVM). Direct peer in soda ash manufacturing with overlapping customer base in glass, detergents, and industrial chemicals.

TypeDirect peer
Description

Genesis Alkali (formerly Tronox Alkali, formerly FMC Wyoming) is one of the largest U.S. natural soda ash producers, operating in the Green River Basin, Wyoming. Direct peer in soda ash production serving glass, detergent, and chemical manufacturers globally.

TypeBroad incumbent
Description

Global chemical major (split into Syensqo in 2023) historically a major soda ash and sodium bicarbonate producer. Broader incumbent with overlapping sodium-based chemical portfolio serving glass, detergent, and food markets worldwide.

TypeDirect peer
Description

Compass Minerals produces industrial salt, sulfate of potash, and magnesium chloride from underground and evaporation operations. Direct peer in industrial salt production serving de-icing, water treatment, and industrial customers with similar bulk commodity business model.

TypeBroad incumbent
Description

German-based global salt and potash producer with operations in Europe and North America. Broader incumbent in industrial salt and mineral production with comparable customer base in de-icing, food, water treatment, and industrial applications.

TypeEmerging player
Description

Privately held miner and processor of borate minerals from the Billie Mine in Death Valley, California. Emerging niche player in borate production focused on specialty and refined borate products for industrial customers, overlapping with SVM's borate product portfolio.

TypeBroad incumbent
Description

Indian conglomerate and parent of SVM via Karnavati Holdings, also one of India's largest soda ash producers and a major detergent/soap manufacturer. Vertically integrated peer/downstream customer producing soda ash and industrial salt for consumer products that consume SVM-style mineral inputs.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries3 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance3 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Searles Valley Minerals

Industrial Minerals Manufacturingsvminerals.com

Searles Valley Minerals is a privately held U.S. mining and metals company that uses solution mining to extract boric acid, soda ash, sodium sulfate, borax, and salt from Searles Lake brine, supplying industrial and agricultural manufacturers across 52 countries.

What Searles Valley Minerals does

Searles Valley Minerals is a privately held U.S. mining and metals company that extracts and processes five mineral products — boric acid, pentahydrate borax, sodium sulfate, sodium carbonate (dense soda ash), and sodium chloride — from brine solutions at Searles Lake in California. The company operates three integrated processing facilities — Argus, Trona, and Westend — covering more than 339 acres, and uses a proprietary solution mining technique that the company markets as ecologically superior to open-pit mining, including a novel solvent extraction process developed in 1962 for recovering boric acid and potassium sulfate from weak brines. The asset base sits on one of the world's largest known soluble mineral deposits, with Searles Lake estimated to contain approximately 4 billion tons of soluble mineral salts extending to depths of about 350 feet across 16 saline mineral layers separated by mud layers.

Searles Valley Minerals firmographics

Firmographics
Name
Searles Valley Minerals
Legal name
Searles Valley Minerals Inc.
Website
https://svminerals.com
Company type
Private
Founded year
1990
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Searles Valley Minerals is a privately held U.S. mining and metals company that uses solution mining to extract boric acid, soda ash, sodium sulfate, borax, and salt from Searles Lake brine, supplying industrial and agricultural manufacturers across 52 countries.
Ownership category
akta.pro rank

Searles Valley Minerals industry classification

Industry
Product category
Industrial Minerals Manufacturing
NAICS
Nonmetallic Mineral Mining and Quarrying (2123), Other Nonmetallic Mineral Mining and Quarrying (212390), Other Nonmetallic Mineral Mining and Quarrying (21239)
SIC
Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400), Industrial Inorganic Chemicals (2810)
akta.pro primary industry
Borates Mining (IMAKAGAD)
akta.pro secondary industries
Industrial Salt Mining (Rock Salt, Brine) (IMAKAGAG), Mining & Metals Process & Water Chemicals (IMAEAJAJ)

Keywords

  • Industrial mineral extraction
  • Solution mining operations
  • Boric acid production
  • Soda ash manufacturing
  • Sodium sulfate supply

Where Searles Valley Minerals is headquartered

Location

Headquarters

HQ city
Shawnee Mission
HQ country
United States
HQ region
North America

Offices3 records

Markets served

Searles Valley Minerals business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

  1. Mineral Products Sales: Sale of bulk commodity minerals including Boric Acid, Pentahydrate Borax, Sodium Sulfate, Sodium Carbonate (Soda Ash) and Salt. Products sold to industrial and agricultural manufacturers globally. Overseas sales account for over half of annual revenue.
  2. Industrial and Agricultural Mineral Supply: Products used in manufacturing: window glass, windshields, water softening systems, dyes, detergents, fire retardants, fiberglass insulation, wood treatments, flat screen monitors, electronic parts and special coatings.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goBulk and packaged mineral products with volume-based quoting

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Searles Valley Minerals product offering

Product offering

Core offering

Searles Valley Minerals processes brine solutions from Searles Lake using a unique, ecologically friendly solution mining technique to produce five mineral products: Boric Acid, Pentahydrate Borax, Sodium Sulfate, Sodium Carbonate (Soda Ash Dense), and Sodium Chloride (Salt). The company operates three processing facilities (Argus, Trona, and Westend) covering more than 339 acres in Searles Valley, California, supplying bulk mineral inputs to industrial and agricultural manufacturers worldwide in 52 countries.

Product overview

Searles Valley Minerals operates as a mineral extraction and processing company that produces five primary products from brine solutions at Searles Lake using unique solution mining technology: Boric Acid, Pentahydrate Borax, Sodium Sulfate, Sodium Carbonate (Soda Ash Dense), and Sodium Chloride. The company's three facilities—Argus, Trona, and Westend—process these minerals for industrial and agricultural customers worldwide. Borates support high-technology applications including electronics and fire retardants, while soda ash and sodium sulfate serve glass, detergent, and textile industries.

Differentiator

Problem solved

Functional benefit

Products and services

  • Pentahydrate Boric Acid

Quantifiable outcome

  • Over 100 years of mining experience
  • +2 more outcomes

Companies that use Searles Valley Minerals

Customer profile

Named customers2 records

Segments5 records

Ideal customer profiles4 records

Searles Valley Minerals technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Searles Valley Minerals partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core and minor.

  • GlassPointcoreStrategic or Co-development Partner · 26 January 2026GlassPoint is a solar industrial process heat provider working on megaprojects with Searles Valley Minerals in California. GlassPoint closed a $20M funding round in January 2026 with participation from N.I.S. New Investment Solutions and MIG Capital. The partnership includes a 750 MWth deployment for Searles Valley Minerals. In June 2025, GlassPoint and Searles Valley Minerals partnered to reduce costs and boost US mineral competitiveness through solar technology, including plans to replace coal-fired power plants with solar tech.
  • Ma'adenminorStrategic or Co-development PartnerMa'aden (Saudi Arabian Mining Company) is mentioned alongside Searles Valley Minerals as a partner in GlassPoint's megaprojects - a 1.45-GW project in Saudi Arabia with Ma'aden and 750-MW project with Searles Valley Minerals in California.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Searles Valley Minerals competitors and assessment

Company assessment

Direct peers

  • Ciner Group (Ciner Wyoming): Ciner Group's Ciner Wyoming operates one of the world's largest natural soda ash mines in the Green River Basin. Direct peer in natural soda ash production with similar global export orientation and competition with Chinese synthetic producers.
  • Rio Tinto Borates (US Borax): Rio Tinto's borates business (formerly U.S. Borax) operates the world's largest open-pit borax mine at Boron, California. Direct peer producing refined borates (boric acid, pentahydrate borax, decahydrate borax) for high-tech, agriculture, and industrial applications from a California brine/ore deposit.
  • Eti Maden: Turkey's state-owned minerals enterprise and the world's largest producer of boron minerals by volume. Direct peer in borate mining and refining, producing boric acid, pentahydrate borax, and colemanite for global industrial and agricultural markets.
  • Tata Chemicals: Indian-based global soda ash and sodium bicarbonate producer with operations in India, UK, Kenya, and the U.S. (including Tata Chemicals North America, which is providing DIP financing to SVM). Direct peer in soda ash manufacturing with overlapping customer base in glass, detergents, and industrial chemicals.
  • Genesis Alkali: Genesis Alkali (formerly Tronox Alkali, formerly FMC Wyoming) is one of the largest U.S. natural soda ash producers, operating in the Green River Basin, Wyoming. Direct peer in soda ash production serving glass, detergent, and chemical manufacturers globally.
  • Compass Minerals: Compass Minerals produces industrial salt, sulfate of potash, and magnesium chloride from underground and evaporation operations. Direct peer in industrial salt production serving de-icing, water treatment, and industrial customers with similar bulk commodity business model.

Broad incumbents

  • Solvay (now Syensqo) Soda Ash & Derivatives: Global chemical major (split into Syensqo in 2023) historically a major soda ash and sodium bicarbonate producer. Broader incumbent with overlapping sodium-based chemical portfolio serving glass, detergent, and food markets worldwide.
  • K+S AG: German-based global salt and potash producer with operations in Europe and North America. Broader incumbent in industrial salt and mineral production with comparable customer base in de-icing, food, water treatment, and industrial applications.
  • Nirma Limited: Indian conglomerate and parent of SVM via Karnavati Holdings, also one of India's largest soda ash producers and a major detergent/soap manufacturer. Vertically integrated peer/downstream customer producing soda ash and industrial salt for consumer products that consume SVM-style mineral inputs.

Emerging players

  • American Borate Company: Privately held miner and processor of borate minerals from the Billie Mine in Death Valley, California. Emerging niche player in borate production focused on specialty and refined borate products for industrial customers, overlapping with SVM's borate product portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Searles Valley Minerals social profiles

Digital presence

Searles Valley Minerals compliance and trust

Trust signal

Compliance3 records

Searles Valley Minerals financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Searles Valley Minerals leadership team

Management profile

Number of profiles

Profiles4 records

Searles Valley Minerals subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

Searles Valley Minerals funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Searles Valley Minerals M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Searles Valley Minerals

What does Searles Valley Minerals do?

Searles Valley Minerals processes brine solutions from Searles Lake using a unique, ecologically friendly solution mining technique to produce five mineral products: Boric Acid, Pentahydrate Borax, Sodium Sulfate, Sodium Carbonate (Soda Ash Dense), and Sodium Chloride (Salt). The company operates three processing facilities (Argus, Trona, and Westend) covering more than 339 acres in Searles Valley, California, supplying bulk mineral inputs to industrial and agricultural manufacturers worldwide in 52 countries.

Is Searles Valley Minerals a public or private company?

Searles Valley Minerals is a private company. It is classified as corporate owned and is currently operating.

When was Searles Valley Minerals founded?

Searles Valley Minerals was founded in 1990. It employs 501 to 1,000 people.

Where is Searles Valley Minerals based?

Searles Valley Minerals is headquartered in Shawnee Mission, United States, in the North America region.

How does Searles Valley Minerals make money?

Two revenue lines are on record. Mineral Products Sales are the primary driver. The others are industrial and Agricultural Mineral Supply.

Who are Searles Valley Minerals's main competitors?

Direct peers on record are Ciner Group (Ciner Wyoming), Rio Tinto Borates (US Borax), Eti Maden, Tata Chemicals, Genesis Alkali and Compass Minerals. Broad incumbents are Solvay (now Syensqo) Soda Ash & Derivatives, K+S AG and Nirma Limited. American Borate Company is listed as an emerging player.

Does Searles Valley Minerals have an API?

No public API is recorded for Searles Valley Minerals.

What industry is Searles Valley Minerals in?

Searles Valley Minerals's product category is Industrial Minerals Manufacturing. Its primary akta.pro industry code is IMAKAGAD, Borates Mining, with a secondary code of IMAKAGAG, Industrial Salt Mining (Rock Salt, Brine). Its NAICS code is 2123 and its SIC code is 1400.

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Live signals
Yahoo5E Advanced Materials Provides Additional Details on Integration and Expected Financial Impact of Searles Valley Asset Acquisition5E Advanced Materials completed its acquisition of Searles Valley Minerals assets, transitioning to an operator with near-term revenue. The company targets approximately $40 million in steady-state annual Adjusted EBITDA under its base plan, driven by contract repricing, cost reductions, and volume recovery. It also retains significant critical-minerals optionality, including tungsten, lithium, and borates expansion.Stock Titan5E Advanced Materials targets ~$40M annual Adjusted EBITDA5E Advanced Materials completed its acquisition of Searles Valley Minerals assets, transitioning to an operator of an established critical-mineral platform. The company targets approximately $40 million in steady-state annual Adjusted EBITDA under its base plan, with positive consolidated EBITDA expected in year two. The plan excludes expansion opportunities in borates, sulfate of potash, lithium, and tungsten.FinancialContent Business Page5E Advanced Materials Provides Additional Details on Integration and Expected Financial Impact of Searles Valley Asset Acquisition5E Advanced Materials completed its acquisition of Searles Valley Minerals assets via a court-supervised Section 363 sale, adding an operating platform with near-term revenue. The company targets approximately $40 million in steady-state annual Adjusted EBITDA under its base plan, driven by contract repricing, cost reset, and volume recovery. It also retains optionality for borates, lithium, and tungsten expansion.citybiz5E Advanced Materials Completes Searles Valley Minerals Acquisition5E Advanced Materials completed its acquisition of Searles Valley Minerals assets through a court-supervised bankruptcy sale, adding an operating boron and minerals operation in Trona, California. The deal transforms 5E from a pre-revenue developer into a revenue-generating U.S. producer, with financial terms undisclosed. Management will optimize Searles Valley operations and plan a shareholder update on October 6.FinancialContent Business Page5E Advanced Materials Completes Transformational Acquisition of Searles Valley Minerals and Announces Shareholder Update Call5E Advanced Materials completed its acquisition of Searles Valley Minerals, transitioning from a pre-revenue developer to a revenue-generating U.S. producer of boron and critical minerals. The deal combines Searles Valley's Trona, California operations with 5E's Fort Cady Boron Project, creating an integrated Southern California boron platform. A shareholder update call is scheduled for October 6, 2026.Stock Titan5E Advanced Materials Completes Searles Valley Acquisition5E Advanced Materials completed its acquisition of Searles Valley Minerals, transitioning from pre-revenue development to revenue-generating U.S. boron production. The deal combines Searles Valley's Trona, California operations with 5E's Fort Cady Boron Project, creating an integrated Southern California boron platform. A shareholder update call is scheduled for October 6, 2026.The Bakersfield CalifornianTrona mining company bankruptcy sale closes; creditors would get 3 to 3.6 cents on the dollar under pending planThe asset sale of Searles Valley Minerals and affiliated companies in Trona closed on Thursday. Unsecured creditors would receive only 3 to 3.6 cents on the dollar under the pending plan, with liquidation recovery rates unclear. The bankruptcy proceedings continue.The Bakersfield CalifornianBuyer of desert mining operation plans to offer jobs to most of Trona workforce5E Advanced Materials agreed to buy Searles Valley Minerals, with the deal expected to close by Oct. 2. The buyer plans to offer jobs to most of the Trona workforce, and the acquisition will transform 5E into a producing company within about two weeks.Newswire5E Advanced Materials CEO Paul Weibel Discusses Searles Valley Acquisition Agreement and Path to Revenue Generation at Water Tower Research Insights Conference5E Advanced Materials CEO Paul Weibel discussed the company's Searles Valley Minerals asset acquisition at a Water Tower Research Insights Conference on September 22, 2026. The deal, expected to close, aims to accelerate 5E's transition from pre-revenue to a revenue-generating critical minerals producer by combining Searles Valley's production with Fort Cady's boron resource.The Bakersfield CalifornianSmall Hesperia firm identified as buyer of Trona mining operation in bankruptcy5E Advanced Materials, a Hesperia-based boric acid producer, agreed to buy assets of Searles Valley Minerals in Trona. The deal was announced in news releases and a bankruptcy court filing. The company will produce boric acid at a pilot facility near Newberry Springs.