Company: FEAV
Filing Date: 2025-01-24
Form Type: PRE 14A
Source: 0000950170-25-008828
Chunk: 63

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-01-24
Form: PRE 14A
Chunk 63
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 purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Denver, Colorado

September 9, 2024

We have served as the Company’s auditor since 2022.

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5E ADVANCED MATERIALS, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands, except per share data)</div>

| ASSETS                                                               
 Current assets:                                                      |     | June 30, 
 2024     |          |   |     | June 30, 
 2023     |          |   |
|:---------------------------------------------------------------------|:----|:---------|---------:|:--|:----|:---------|---------:|:--|
| Cash and cash equivalents                                            |     | $        |    4,896 |   |     | $        |   20,323 |   |
| Prepaid expenses and other current assets                            |     |          |    1,913 |   |     |          |    1,808 |   |
| Total current assets                                                 |     |          |    6,809 |   |     |          |   22,131 |   |
| Mineral rights and properties, net                                   |     |          |    7,616 |   |     |          |    7,637 |   |
| Construction in progress                                             |     |          |      608 |   |     |          |   67,553 |   |
| Properties, plant and equipment, net                                 |     |          |   73,872 |   |     |          |    3,056 |   |
| Reclamation bond deposit                                             |     |          |      311 |   |     |          |      309 |   |
| Right of use asset                                                   |     |          |      282 |   |     |          |      207 |   |
|