5E Advanced Materials, Inc.
For the period ended Jun 30, 2025. Filed Sep 29, 2025.
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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.
FY2025 · Filed Sep 29, 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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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Year ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows From Operating Activities: | ||
| Net income (loss) | $(31,555) | $(62,013) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 19,947 | 5,170 |
| Share-based compensation | 2,099 | 3,490 |
| (Gain) Loss on extinguishment of debt | (17,333) | 20,953 |
| Gain on convertible note derivatives | (1,357) | (749) |
| Transaction costs incurred in troubled debt restructuring | (837) | — |
| Accretion of asset retirement obligations | 80 | 71 |
| Amortization of debt issuance costs and discount — convertible notes | 1,095 | 3,481 |
| Amortization of right of use asset | 141 | 159 |
| Interest earned on reclamation bond | (21) | (2) |
| Other | (4) | — |
| Change in: | ||
| Prepaid expenses and other current assets | 1,136 | (105) |
| Reclamation bond deposits | (1,200) | — |
| Accounts payable and accrued liabilities | 4,169 | 2,673 |
| Net cash used in operating activities | (23,640) | (26,872) |
| Cash Flows From Investing Activities: | ||
| Construction in progress | (1,941) | (7,099) |
| Properties, plant and equipment additions | (124) | (88) |
| Properties, plant and equipment disposals | 10 | — |
| Refund on previously acquired equipment | 86 | — |
| Net cash used in investing activities | (1,969) | (7,187) |
| Cash Flows From Financing Activities: | ||
| Proceeds from issuance of common stock and warrants, net of issuance costs | 9,642 | 15,794 |
| Proceeds from debt exchange transaction, net of issuance costs | 4,891 | — |
| Proceeds from issuance of convertible notes | 11,000 | 6,000 |
| Debt issuance costs | (764) | (3,122) |
| Payments on note payable | (42) | (40) |
| Taxes paid for equity award vesting | (178) | — |
| Net cash provided by financing activities | 24,549 | 18,632 |
| Net increase (decrease) in cash and cash equivalents | (1,060) | (15,427) |
| Cash and cash equivalents at beginning of period | 4,896 | 20,323 |
| Cash and cash equivalents at end of period | $3,836 | $4,896 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Cash paid for interest | $3 | $23 |
| 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 capital additions | 180 | 1,833 |
| Accounts payable and accrued liabilities change related to debt issuance costs | (271) | — |
| Accounts payable and accrued liabilities change related to equity issuance costs | 238 | — |
| 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 net long-term debt resulting from modification (Note 7) | — | 20,953 |
| Increase in asset retirement costs | $141 | — |
| 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 | — |
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