Company: FEAV
Filing Date: 2025-01-24
Form Type: PRE 14A
Source: 0000950170-25-008828
Chunk: 122

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-01-24
Form: PRE 14A
Chunk 122
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4, respectively |     |               |      689 |   |     |          |      633 |   |
| Additional paid-in capital                                                   |     |               |  214,265 |   |     |          |  210,074 |   |
| Retained earnings (accumulated deficit)                                      |     |               | (212,860 | ) |     |          | (200,001 | ) |
| Total stockholders’ equity                                                   |     |               |    2,094 |   |     |          |   10,706 |   |
| Total liabilities and stockholders’ equity                                   |     | $             |   85,774 |   |     | $        |   89,504 |   |

<div align='center'>The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

82

5E ADVANCED MATERIALS, INC

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

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

| Operating expenses:                                            |     | Three months ended September 30, 
 2024                             |         |   |     | 2023 |        |   |
|:---------------------------------------------------------------|:----|:---------------------------------|--------:|:--|:----|:-----|-------:|:--|
| Project expenses                                               |     | $                                |   1,554 |   |     | $    |  1,583 |   |
| Small-scale facility operating costs                           |     |                                  |   1,587 |   |     |      |      — |   |
| General and administrative                                     |     |                                  |   4,798 |   |     |      |  6,038 |   |
| Research and development                                       |     |                                  |       — |   |     |      |     39 |   |
| Depreciation and amortization expense                          |     |                                  |   4,972 |   |     |      |     53 |   |
| Total operating expenses                                       |     |                                  |  12,911 |   |     |      |  7,713 |   |
| Income (loss) from operations                                  |     |                                  | (12,911 | ) |     |      | (7,713 | ) |
| Non-operating income (expense):                                |     |                                  |         |   |     |      |        |