Company: FEAV
Filing Date: 2025-01-24
Form Type: PRE 14A
Source: 0000950170-25-008828
Chunk: 115

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-01-24
Form: PRE 14A
Chunk 115
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2024 Debt Commitment and Equity Offering discussion under the heading of 2024 Highlights and Future Considerations above.

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A summary of our cash flows for the years ended June 30 follows.

|                                                      |     | For the year ended June 30, 
 2024                        |         |   |     | 2023 |         |   |     | Change |         |   |     | % |     |   |
|:-----------------------------------------------------|:----|:----------------------------|--------:|:--|:----|:-----|--------:|:--|:----|:-------|--------:|:--|:----|:--|----:|:--|
|                                                      |     | -$ in thousands             |         |   |     |      |         |   |     |        |         |   |     |   |     |   |
| Net cash used in operating activities                |     | $                           | (26,872 | ) |     | $    | (30,695 | ) |     | $      |   3,823 |   |     |   | -12 | % |
| Net cash used in investing activities                |     |                             |  (7,187 | ) |     |      | (39,307 | ) |     |        |  32,120 |   |     |   | -82 | % |
| Net cash provided by financing activities            |     |                             |  18,632 |   |     |      |  59,268 |   |     |        | (40,636 | ) |     |   | -69 | % |
| Net increase (decrease) in cash and cash equivalents |     | $                           | (15,427 | ) |     | $    | (10,734 | ) |     | $      |  (4,693 | ) |     |   |  44 | % |

Cash Flows Used For Operating Activities

Net cash used in operating activities for each of the above periods was primarily the result of general and administrative costs, costs incurred in furthering the Project, preparing us for the operation of the SSF, and operating costs of the SSF after commercial operations commenced on April 1, 2024. During the year ended June 30, 2024, we used $26.9 million of cash for operating activities, a decrease of $3.8 million or 12