Company: FEAV
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0000950170-25-019943
Chunk: 61

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Item 1
Chunk 61
---
,677
    )

    (14,772
    )

    Cash Flows From Investing Activities:

    Construction in progress

    (856
    )

    (3,435
    )

    Properties, plant and equipment additions

    (11
    )

    (51
    )

    Refund on previously acquired equipment

    86

    —

    Net cash used in investing activities

    (781
    )

    (3,486
    )

    Cash Flows From Financing Activities:

    Proceeds from issuance of common stock and warrants, net of offering costs

    3,018

    —

    Proceeds from issuance of convertible notes

    6,000

    —

    Debt issuance costs

    (480
    )

    —

    Payments on note payable

    (21
    )

    (20
    )

    Taxes withheld for equity award vesting

    (131
    )

    —

    Net cash provided by (used for) financing activities

    8,386

    (20
    )

    Net increase (decrease) in cash and cash equivalents

    (4,072
    )

    (18,278
    )

    Cash and cash equivalents at beginning of period

    4,896

    20,323

    Cash and cash equivalents at end of period
     
    $
    824

    $
    2,045

    Supplemental Disclosure of Cash Flow Information:

    Cash paid for interest
     
    $
    1

    $
    21

    Noncash Investing and Financing Activities:

    Accounts payable and accrued liabilities change related to capital additions
     
    $
    (81
    )
     
    $
    1,584

    Accounts payable and accrued liabilities change related to debt issuance costs

    (271
    )

    —

    Interest paid through issuance of additional convertible notes (Note 7)

    3,392

    1,851

    Increase in asset retirement costs
     
    $
    23

    $
    —

    Convertible note derivatives liability reclassification to equity (Note 8)

    3,601

    —

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

6

5E ADVANCED MATERIALS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

(Unaudited)

(In thousands)

    Additional