5E Advanced Materials, Inc.
For the period ended Jun 30, 2025. Filed Sep 29, 2025.
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FY2025 · Filed Sep 29, 2025
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2. Mineral Rights and Properties, Net
The Company owns surface properties and the associated mineral rights for the Project. The Company has capitalized the cost of drilling water supply wells, which provide water for the Project.
Mineral rights and properties, net consisted of the following at the end of each period presented.
| June 30, | June 30, | |
|---|---|---|
| 2025 | 2024 | |
| (in thousands) | ||
| Mineral properties | $6,733 | $6,733 |
| Hydrology wells | 547 | 547 |
| Asset retirement cost, net of accumulated amortization of $66 and $44 as of June 30, 2025 and June 30, 2024, respectively(1) | 455 | 336 |
| Mineral rights and properties, net | $7,735 | $7,616 |
(1)
Represents the carrying value of capitalized costs associated with asset retirement obligations, as discussed in Note 5–Asset Retirement Obligations.
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