Company: FEAV
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001193125-25-280134
Chunk: 2

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 2
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5E ADVANCED MATERIALS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands, except per share data)

     September 30,

     June 30,

     2025

     2025

     ASSETS

     Current assets:

     Cash and cash equivalents
      
     $
     5,468

     $
     3,836

     Prepaid expenses and other current assets

     451

     777

     Total current assets

     5,919

     4,613

     Mineral rights and properties, net

     7,702

     7,735

     Construction in progress

     2,865

     3,050

     Properties, plant and equipment, net

     50,559

     53,658

     Reclamation bond deposits

     1,551

     1,532

     Right of use asset

     123

     141

     Total assets
      
     $
     68,719

     $
     70,729

     LIABILITIES AND STOCKHOLDERS’ EQUITY

     Current liabilities:

     Accounts payable and accrued liabilities
      
     $
     7,341

     $
     6,352

     Lease liabilities, current

     84

     81

     Total current liabilities

     7,425

     6,433

     Long-term debt, net

     11

     22

     Lease liabilities

     46

     68

     Asset retirement obligations

     1,040

     1,016

     Total liabilities

     8,522

     7,539

     Commitments and contingencies (Note 13)

     Stockholders’ equity:

     Common stock, $0.01 par value; 360,000 shares authorized; 22,445 and   20,018 shares outstanding September 30, 2025 and June 30, 2025, respectively

     224

     200

     Additional paid-in capital

     302,219

     294,546

     Retained earnings (accumulated deficit)

     (242,246
     )

     (231,556
     )

     Total stockholders’ equity

     60,197

     63,190

     Total liabilities and stockholders’ equity