Company: FEAV
Filing Date: 2025-01-24
Form Type: PRE 14A
Source: 0000950170-25-008828
Chunk: 123

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-01-24
Form: PRE 14A
Chunk 123
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   |
| Interest income                                                |     |                                  |      23 |   |     |      |    132 |   |
| Other income                                                   |     |                                  |       1 |   |     |      |      3 |   |
| Derivative gain (loss)                                         |     |                                  |   2,187 |   |     |      |      — |   |
| Interest expense                                               |     |                                  |  (2,155 | ) |     |      | (1,787 | ) |
| Other expense                                                  |     |                                  |      (4 | ) |     |      |     (5 | ) |
| Total non-operating income (expense)                           |     |                                  |      52 |   |     |      | (1,657 | ) |
| Income (loss) before income taxes                              |     |                                  | (12,859 | ) |     |      | (9,370 | ) |
| Income tax provision (benefit)                                 |     |                                  |       — |   |     |      |      — |   |
| Net income (loss)                                              |     | $                                | (12,859 | ) |     | $    | (9,370 | ) |
| Net income (loss) per common share — basic and diluted         |     | $                                |   (0.20 | ) |     | $    |  (0.21 | ) |
| Weighted average common shares outstanding — basic and diluted |     |                                  |  65,468 |   |     |      | 44,221 |   |

<div align='center'>The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

83

5E ADVANCED MATERIALS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(In thousands)</div>

| Cash Flows From Operating Activities:                                                |     | Three months ended September 30, 
 2024                             |         |   |     | 2023 |        |   |
|:-------------------------------------------------------------------------------------|:----|:---------------------------------|--------:|:--|:----|:-----|-------:|:--|
| Net income (loss)                                                                    |     | $                                | (12,859 | ) |     | $    | (9,370 | ) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |