Company: FEAV
Filing Date: 2025-01-24
Form Type: PRE 14A
Source: 0000950170-25-008828
Chunk: 78

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-01-24
Form: PRE 14A
Chunk 78
---
. Properties, Plant and Equipment, Net

During the fourth fiscal quarter of 2024, the Company placed the SSF and its related injection and recovery wells, equipment and facilities into full commercial operation and therefore transferred approximately $75.9 million previously recorded as construction in progress to property plant and equipment. This amount represents the engineering services, equipment and construction costs related to the SSF and its related facilities, including any amounts of interest that were capitalized thereon. This amount was categorized into small-scale facility, injection and recovery wells, buildings and other plant and equipment, as appropriate. The Company intends to operate the SSF until the proposed commercial facility is placed into operation, and therefore assigned a corresponding useful life. The useful life of the injection and recovery wells was based on their estimated

<div align='center'>56</div>

productive life and anticipated usage in the proposed commercial facility until the end of their productive lives. The other assets placed into service will be depreciated in accordance with the Company’s established estimated useful life policy.

Properties, plant and equipment, net consisted of the following at the end of each period presented.

| Asset category                       |     | Depreciation  
 method        |     | Estimated useful 
  life (in years) |     | June 30,       
 2024           
 (in thousands) |        |   |     | June 30, 
 2023     |       |   |
|:-------------------------------------|:----|:--------------|:----|-----------------:|:----|:---------------|-------:|:--|:----|:---------|------:|:--|
| Land                                 |     | N/A           |     |                — |     | $              |  1,533 |   |     | $        | 1,533 |   |
| Small-scale facility — Plant         |     | Straight-line |     |             3.75 |     |                | 69,619 |   |     |          |     — |   |
| Injection and recovery wells         |     | Straight-line |     |                5 |     |                |  6,134 |   |     |          |     — |   |
| Buildings                            |     | Straight-line |     |             7-15 |     |                |    979 |   |     |          |   873 |   |
| Vehicles                             |     | Straight-line |     |              3-5 |     |                |    345 |