5E Advanced Materials Inc
For the period ended Mar 31, 2024. Filed Apr 29, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 29, 2024
FEAM$1.91+1.1%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets
(In thousands, except per share data)
| March 31, | June 30, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $7,986 | $20,323 |
| Prepaid expenses and other current assets | 2,012 | 1,808 |
| Total current assets | 9,998 | 22,131 |
| Mineral rights and properties, net | 7,622 | 7,637 |
| Construction in progress | 75,708 | 67,553 |
| Properties, plant and equipment, net | 3,000 | 3,056 |
| Reclamation bond deposit | 308 | 309 |
| Right of use asset | 321 | 207 |
| Other assets | 6 | 6 |
| Total assets | $96,963 | $100,899 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $7,123 | $8,728 |
| Lease liabilities, current | 146 | 136 |
| Total current liabilities | 7,269 | 8,864 |
| Long-term debt, net | 63,273 | 37,671 |
| Lease liabilities | 180 | 74 |
| Asset retirement obligations | 777 | 724 |
| Total liabilities | 71,499 | 47,333 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ equity: | ||
| Common stock, $0.01 par value; 360,000 shares authorized; 63,286 and 44,187 shares outstanding March 31, 2024 and June 30, 2023, respectively | 633 | 441 |
| Additional paid-in capital | 208,710 | 191,113 |
| Retained earnings (accumulated deficit) | (183,879) | (137,988) |
| Total stockholders’ equity | 25,464 | 53,566 |
| Total liabilities and stockholders’ equity | $96,963 | $100,899 |
5E ADVANCED MATERIALS, INC
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