Company: FEAV
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0000950170-25-019943
Chunk: 60

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Item 1
Chunk 60
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) before income taxes

    (14,262
    )

    (10,616
    )

    (27,121
    )

    (19,986
    )

    Income tax provision (benefit)

    —

    —

    —

    —

    Net income (loss)
     
    $
    (14,262
    )
     
    $
    (10,616
    )
     
    $
    (27,121
    )
     
    $
    (19,986
    )

    Net income (loss) per common share — basic and diluted
     
    $
    (0.21
    )
     
    $
    (0.24
    )
     
    $
    (0.40
    )
     
    $
    (0.45
    )

    Weighted average common shares outstanding — basic and diluted

    68,885

    44,237

    67,177

    44,229

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

5

5E ADVANCED MATERIALS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(In thousands)

    Six months ended December 31,

    2024

    2023

    Cash Flows From Operating Activities:

    Net income (loss)
     
    $
    (27,121
    )
     
    $
    (19,986
    )

    Adjustments to reconcile net income (loss) to net cash used in operating activities:

    Depreciation and amortization

    9,962

    106

    Share based compensation

    1,529

    1,505

    Unrealized (gain) loss on convertible note derivatives

    (1,357
    )

    —

    Accretion of asset retirement obligations

    39

    35

    Amortization of debt issuance costs and discount — convertible notes

    758

    2,905

    Amortization of right of use asset

    79

    80

    Interest earned on reclamation bond

    (4
    )

    —

    Change in:

    Prepaid expenses and other current assets

    1,286

    366

    Accounts payable and accrued liabilities

    3,152

    217

    Net cash used in operating activities

    (11