Company: FEAV
Filing Date: 2025-02-03
Form Type: DEF 14A
Source: 0000950170-25-012391
Chunk: 149

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-02-03
Form: DEF 14A
Chunk 149
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 control as of the date of the unaudited condensed consolidated financial statements. Therefore, there exists substantial doubt regarding our ability to continue as a going concern. Even if additional financing is successfully consummated, available liquidity may still not be sufficient to eliminate the aforementioned substantial doubt regarding our ability to continue as a going concern. Refer to the "Going Concern" discussion within Note 1–Basis of Financial Statement Presentationof the unaudited condensed consolidated financial statements and “Liquidity and Capital Resources” below for more information.

Results of Operations

The following table summarizes our results of operations for the periods presented.

|                                       |     | Three Months Ended September 30, |         |   |     |      |        |   |     | Change |        |   |     |     |      |   |
|:--------------------------------------|:----|---------------------------------:|--------:|:--|:----|-----:|-------:|:--|:----|:-------|-------:|:--|:----|:----|-----:|:--|
|                                       |     |                             2024 |         |   |     | 2023 |        |   |     | $      |        |   |     | %   |      |   |
|                                       |     |                    -in thousands |         |   |     |      |        |   |     |        |        |   |     |     |      |   |
| COSTS AND EXPENSES                    |     |                                  |         |   |     |      |        |   |     |        |        |   |     |     |      |   |
| Project expenses                      |     |                                $ |   1,554 |   |     |    $ |  1,583 |   |     | $      |    (29 | ) |     |     |   -2 | % |
| Small-scale facility operating costs  |     |                                  |   1,587 |   |     |      |      — |   |     |        |  1,587 |   |     | N/A |      |   |
| General and administrative            |     |                                  |   4,798 |   |     |      |  6,038 |   |     |        | (1,240 | ) |     |     |  -21 | % |
| Research and development              |     |                                  |       — |   |     |      |