Company: FEAV
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0000950170-25-072736
Chunk: 3

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 3
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5E ADVANCED MATERIALS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands, except per share data)

     March 31,

     June 30,

     2025

     2024

     ASSETS

     Current assets:

     Cash and cash equivalents
      
     $
     4,032

     $
     4,896

     Prepaid expenses and other current assets

     547

     1,913

     Total current assets

     4,579

     6,809

     Mineral rights and properties, net

     7,622

     7,616

     Construction in progress

     2,052

     608

     Properties, plant and equipment, net

     58,665

     73,872

     Reclamation bond deposit

     319

     311

     Right of use asset

     172

     282

     Other assets

     —

     6

     Total assets
      
     $
     73,409

     $
     89,504

     LIABILITIES AND STOCKHOLDERS’ EQUITY

     Current liabilities:

     Accounts payable and accrued liabilities
      
     $
     6,056

     $
     9,567

     Lease liabilities, current

     91

     141

     Total current liabilities

     6,147

     9,708

     Long-term debt, net

     33

     64,831

     Convertible note derivative liabilities

     —

     3,315

     Lease liabilities

     90

     149

     Asset retirement obligations

     877

     795

     Total liabilities

     7,147

     78,798

     Commitments and contingencies (Note 13)

     Stockholders’ equity:

     Common stock, $0.01 par value; 360,000 shares authorized; 17,996 and   2,753 shares outstanding March 31, 2025 and June 30, 2024, respectively

     180

     28

     Additional paid-in capital

     287,924

     210,679

     Retained earnings (accumulated deficit)

     (221,842
     )

     (200,001
     )

     Total stockholders’ equity