5E Advanced Materials Inc
For the period ended Jun 30, 2024. Filed Sep 9, 2024.
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FY2024 · Filed Sep 9, 2024
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5. Asset Retirement Obligations
- Asset Retirement Obligations
The Company’s asset retirement obligations represent the present value of estimated future costs associated with the plugging and abandonment of water monitoring, injection and recovery wells, and surface reclamation. The following table provides a reconciliation of the Company’s asset retirement obligations for the period presented.
| Year ended | |
|---|---|
| (in thousands) | |
| Asset retirement obligation — beginning of period | $724 |
| Obligation incurred during the period | — |
| Revisions to previous estimates | — |
| Accretion | 71 |
| Asset retirement obligation — end of period | $795 |
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