5E Advanced Materials Inc
For the period ended Jun 30, 2024. Filed Sep 9, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Sep 9, 2024
FEAM$1.81-6.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(In thousands)
| Year ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows From Operating Activities: | ||
| Net income (loss) | $(62,013) | $(30,624) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 5,170 | 184 |
| Share based compensation | 3,490 | 4,953 |
| Loss on extinguishment of debt | 20,953 | — |
| Unrealized (gain) loss on convertible note derivative | (749) | (11,743) |
| Impairment | — | 908 |
| Accretion of asset retirement obligations | 71 | 37 |
| Amortization of debt issuance costs and discount — convertible note | 3,481 | 4,907 |
| Amortization of right of use asset | 159 | 164 |
| Interest earned on reclamation bond | (2) | — |
| Change in: | ||
| Prepaid expenses and other current assets | (105) | (302) |
| Accounts payable and accrued liabilities | 2,673 | 821 |
| Net cash used in operating activities | (26,872) | (30,695) |
| Cash Flows From Investing Activities: | ||
| Construction in progress | (7,099) | (39,731) |
| Properties, plant and equipment additions | (88) | (352) |
| Reclamation bonds | — | 776 |
| Net cash used in investing activities | (7,187) | (39,307) |
| Cash Flows From Financing Activities: | ||
| Proceeds from issuance of common stock, net of offering costs | 15,794 | — |
| Proceeds from issuance of convertible notes | 6,000 | 60,000 |
| Debt issuance costs | (3,122) | (4,160) |
| Payments on note payable | (40) | (38) |
| Proceeds from exercise of stock options | — | 3,466 |
| Net cash provided by financing activities | 18,632 | 59,268 |
| Net increase (decrease) in cash and cash equivalents | (15,427) | (10,734) |
| Cash and cash equivalents at beginning of period | 20,323 | 31,057 |
| Cash and cash equivalents at end of period | $4,896 | $20,323 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Cash paid for interest | $23 | $7 |
| Noncash Investing and Financing Activities: | ||
| Construction in progress transferred to properties, plant and equipment (Note 4) | $75,877 | $— |
| Accounts payable and accrued liabilities change related to construction in progress | 1,833 | 2,197 |
| Recognition of operating lease liability and right of use asset | 234 | — |
| Increase in asset retirement costs | — | 198 |
| Increase in net long-term debt resulting from modification (Note 7) | 20,953 | — |
| Interest paid through issuance of additional convertible notes (Note 7) | 3,961 | 1,710 |
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