Company: FEAV
Filing Date: 2025-02-03
Form Type: DEF 14A
Source: 0000950170-25-012391
Chunk: 155

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-02-03
Form: DEF 14A
Chunk 155
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:|:-------|:--|:----|:-------|-------:|:----|:--|-----:|:--|
|                                                      |     |                                     2024 |        |   |     | 2023 |        |   |     | $      |        |     | % |      |   |
|                                                      |     |                          -$ in thousands |        |   |     |      |        |   |     |        |        |     |   |      |   |
| Net cash used in operating activities                |     |                                        $ | (6,375 | ) |     |    $ | (6,886 | ) |     | $      |    511 |     |   |   -7 | % |
| Net cash used in investing activities                |     |                                          |   (400 | ) |     |      | (1,631 | ) |     |        |  1,231 |     |   |  -75 | % |
| Net cash provided by financing activities            |     |                                          |  8,730 |   |     |      | (10    | ) |     |        |  8,740 |     | * |      |   |
| Net increase (decrease) in cash and cash equivalents |     |                                        $ |  1,955 |   |     |    $ | (8,527 | ) |     | $      | 10,482 |     |   | -123 | % |

* Represents a percentage change greater than +/- 300%

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 (exclusive of share-based compensation), 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 three months ended September 30, 2024, we used $6.4 million of cash for operating activities, a decrease of approximately $0.5 million or 7% compared to the comparable period in the prior fiscal year. The decrease in cash used in operations during the current period primarily results from the combined decrease in General and administrative and Small-scale facility operating costs, net of non-cash share-based compensation expense in fiscal year 2024 versus the prior fiscal year (refer to the discussion of year-over-year changes in Project expenses and General and administrative