Company: FEAV
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0000950170-25-019943
Chunk: 58

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Item 1
Chunk 58
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5E ADVANCED MATERIALS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands, except per share data)

    December 31,

    June 30,

    2024

    2024

    ASSETS

    Current assets:

    Cash and cash equivalents
     
    $
    824

    $
    4,896

    Prepaid expenses and other current assets

    627

    1,913

    Total current assets

    1,451

    6,809

    Mineral rights and properties, net

    7,628

    7,616

    Construction in progress

    1,591

    608

    Properties, plant and equipment, net

    63,637

    73,872

    Reclamation bond deposit

    315

    311

    Right of use asset

    203

    282

    Other assets

    6

    6

    Total assets
     
    $
    74,831

    $
    89,504

    LIABILITIES AND STOCKHOLDERS’ EQUITY

    Current liabilities:

    Accounts payable and accrued liabilities
     
    $
    9,324

    $
    9,567

    Lease liabilities, current

    101

    141

    Total current liabilities

    9,425

    9,708

    Long-term debt, net

    72,836

    64,831

    Convertible note derivative liabilities

    —

    3,315

    Lease liabilities

    110

    149

    Asset retirement obligations

    857

    795

    Total liabilities

    83,228

    78,798

    Commitments and contingencies (Note 13)

    Stockholders’ equity:

    Common stock, $0.01 par value; 360,000 shares authorized; 68,891 and   63,318 shares outstanding December 31, 2024 and June 30, 2024, respectively

    689

    633

    Additional paid-in capital

    218,036

    210,074

    Retained earnings (accumulated deficit)

    (227,122
    )

    (200,001
    )

    Total stockholders’ equity