5E Advanced Materials (FEAM) tumbled over 17% premarket after pricing a 2.37 million share public offering at $3.50, a steep 23% discount to Thursday's close. The $8.31 million raise will fund its boron facility, wellfield work, and corporate needs. Shares, already down ~70% YTD, face pressure as dilution weighs. Retail traders expect the stock to hover near $3.3-$3.4 on Friday.