5E Advanced Materials, Inc.
For the period ended Mar 31, 2025. Filed May 15, 2025.
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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, 2025 · Filed May 15, 2025
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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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Nine months ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows From Operating Activities: | ||
| Net income (loss) | $(21,841) | $(45,891) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 14,955 | 159 |
| Share based compensation | 1,841 | 2,088 |
| Loss on extinguishment of debt | (17,333) | 20,953 |
| Unrealized (gain) loss on convertible note derivatives | (1,357) | — |
| Transaction costs incurred in troubled debt restructuring | (837) | — |
| Accretion of asset retirement obligations | 59 | 53 |
| Amortization of debt issuance costs and discount — convertible notes | 1,095 | 3,306 |
| Amortization of right of use asset | 110 | 120 |
| Interest earned on reclamation bond | (8) | — |
| Change in: | ||
| Prepaid expenses and other current assets | 1,366 | (204) |
| Accounts payable and accrued liabilities | 4,543 | (221) |
| Net cash used in operating activities | (17,407) | (19,637) |
| Cash Flows From Investing Activities: | ||
| Construction in progress | (1,377) | (5,790) |
| Properties, plant and equipment additions | (104) | (88) |
| Refund on previously acquired equipment | 86 | — |
| Net cash used in investing activities | (1,395) | (5,878) |
| Cash Flows From Financing Activities: | ||
| Proceeds from issuance of common stock and warrants, net of issuance costs | 3,018 | 15,794 |
| Proceeds from debt exchange transaction, net of issuance costs | 4,891 | — |
| Proceeds from issuance of convertible notes | 11,000 | — |
| Debt issuance costs | (764) | (2,586) |
| Payments on note payable | (31) | (30) |
| Taxes withheld for equity award vesting | (176) | — |
| Net cash provided by financing activities | 17,938 | 13,178 |
| Net increase (decrease) in cash and cash equivalents | (864) | (12,337) |
| Cash and cash equivalents at beginning of period | 4,896 | 20,323 |
| Cash and cash equivalents at end of period | $4,032 | $7,986 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Cash paid for interest | $3 | $22 |
| Noncash Investing and Financing Activities: | ||
| Accounts payable and accrued liabilities change related to capital additions | $(220) | $2,365 |
| Accounts payable and accrued liabilities change related to equity issuance costs | — | — |
| Accounts payable and accrued liabilities change related to debt issuance costs | (271) | — |
| Recognition of operating lease liability and right of use asset | — | 234 |
| Interest paid through issuance of additional convertible notes (Note 7) | 7,441 | 3,961 |
| Increase in asset retirement costs | $23 | $— |
| Convertible note derivatives liability reclassification to equity (Note 8) | 3,601 | — |
| Net fair value of equity interest exchanged for convertible notes (Note 7) | 65,059 | — |
| Increase in net long-term debt resulting from modification (Note 7) | — | 20,954 |
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