5E Advanced Materials, Inc.
Business
5E Advanced Materials, Inc. is a development-stage mining and mineral processing company focused on extracting and refining borates and advanced boron derivative materials from its Fort Cady Project in California's Mojave Desert. The company produces refined borates (boric acid) and co-products including calcium chloride and gypsum through in-situ solution mining and above-ground chemical processing. The company operates a small-scale facility for product demonstration and customer qualification, and holds potential to produce lithium carbonate as a byproduct.
Summary from 10-K filed 2025-09-29
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Project expenses | 5 | 6 | 10 | 13 | 6 | |
| Small-scale facility operating costs | 4 | 1 | — | — | — | |
| General and administrative | 14 | 23 | 25 | 55 | 12 | |
| Research and development | 0 | 45,000 | 262,000 | 133,000 | 0 | |
| Depreciation and amortization expense | 20 | 5 | 184,000 | 112,000 | — | |
| Total operating expenses | 44 | 36 | 37 | 68 | 18 | |
| Income (loss) from operations | −44 | −36 | −37 | −68 | −18 | |
| Interest income | 103,000 | 252,000 | 1 | 3,000 | 9,000 | |
| Other income | 7,000 | 7,000 | 62,000 | 65,000 | — | |
| Gain (loss) on extinguishment of debt | 17 | −21 | 0 | — | — | |
| Derivative gain | 1 | 749,000 | 12 | 0 | — | |
| Interest expense | −6 | −6 | — | — | — | |
| Other expense | −2,000 | −9,000 | −15,000 | 1 | — | |
| Total non-operating income (expense) | 12 | −26 | 6 | 1 | −2 | |
| Income (loss) before income taxes | −31 | −62 | −31 | −67 | −19 | |
| Income tax expense (benefit) | 179,000 | 0 | 0 | 0 | 0 | |
| Net income (loss) | −32 | −62 | −31 | −67 | −19 | |
| Net income (loss) per common share - basic | −3.95 | −27.15 | −0.7 | −1.63 | −0.56 | |
| Net income (loss) per common share - diluted | −3.95 | −27.15 | −0.7 | −1.63 | −0.56 | |
| Weighted average common shares outstanding - basic | 8 | 2 | 44 | 41 | 34 | |
| Weighted average common shares outstanding - diluted | 8 | 2 | 44 | 41 | 34 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 4 | 5 | 20 | 31 | 41 | |
| Prepaid expenses and other current assets | 777,000 | 2 | 2 | 2 | 159,000 | |
| Total current assets | 5 | 7 | 22 | 33 | 41 | |
| Mineral rights and properties, net | 8 | 8 | 8 | 8 | 8 | |
| Construction in progress | 3 | 608,000 | 68 | 26 | 13 | |
| Properties, plant and equipment, net | 54 | 74 | 3 | 3 | 1 | |
| Reclamation bond deposits | 2 | 311,000 | 309,000 | 1 | 1 | |
| Right of use asset | 141,000 | 282,000 | 207,000 | 371,000 | 213,000 | |
| Other assets | 0 | 6,000 | 6,000 | 6,000 | 0 | |
| Total assets | 71 | 90 | 101 | 71 | 65 | |
| Accounts payable and accrued liabilities | 6 | 10 | 9 | 7 | 2 | |
| Lease liabilities, current | 81,000 | 141,000 | 136,000 | 164,000 | 91,000 | |
| Total current liabilities | 6 | 10 | 9 | 7 | 2 | |
| Long-term debt, net | 22,000 | 65 | 38 | 148,000 | 93,000 | |
| Convertible note derivative liabilities | 0 | 3 | 0 | — | — | |
| Lease liabilities | 68,000 | 149,000 | 74,000 | 211,000 | 125,000 | |
| Asset retirement obligations | 1 | 795,000 | 724,000 | 489,000 | 377,000 | |
| Total liabilities | 8 | 79 | 47 | 8 | 2 | |
| Commitments and contingencies (Note 13) | — | — | — | — | — | |
| Common stock, $0.01 par value; 360,000 shares authorized; 20,018 and 2,753 shares outstanding June 30, 2025 and June 30, 2024, respectively | 200,000 | 28,000 | 441,000 | 433,000 | 384,000 | |
| Additional paid-in capital | 295 | 211 | 191 | 170 | 101 | |
| Retained earnings (accumulated deficit) | −232 | −200 | −138 | −107 | −41 | |
| Total stockholders' equity | 63 | 11 | 54 | 63 | 62 | |
| Total liabilities and stockholders' equity | 71 | 90 | 101 | 71 | 65 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 20 | 5 | 184,000 | 112,000 | 31,000 | |
| Share-based compensation | 2 | 3 | 5 | 7 | 6 | |
| Gain on convertible note derivatives | −1 | −749,000 | — | — | — | |
| Transaction costs incurred in troubled debt restructuring | −837,000 | 0 | — | — | — | |
| Accretion of asset retirement obligations | 80,000 | 71,000 | 37,000 | 9,000 | — | |
| Amortization of debt issuance costs and discount - convertible notes | 1 | 3 | 5 | 0 | — | |
| Amortization of right of use asset | 141,000 | 159,000 | 164,000 | 125,000 | 0 | |
| Interest earned on reclamation bond | −21,000 | −2,000 | 0 | −1,000 | −3,000 | |
| Other | −4,000 | 0 | — | — | — | |
| Prepaid expenses and other current assets | 1 | −105,000 | −302,000 | −1 | 16,000 | |
| Reclamation bond deposits | −1 | 0 | — | — | — | |
| Accounts payable and accrued liabilities | 4 | 3 | 821,000 | 3 | 244,000 | |
| Net cash used in operating activities | −24 | −27 | −31 | −29 | −11 | |
| Construction in progress | −2 | −7 | −40 | −10 | −12 | |
| Properties, plant and equipment additions | −124,000 | −88,000 | −352,000 | −1 | −39,000 | |
| Properties, plant and equipment disposals | 10,000 | 0 | — | — | — | |
| Refund on previously acquired equipment | 86,000 | 0 | — | — | — | |
| Net cash used in investing activities | −2 | −7 | −39 | −11 | −13 | |
| Proceeds from issuance of common stock and warrants, net of issuance costs | 10 | 16 | — | — | — | |
| Proceeds from debt exchange transaction, net of issuance costs | 5 | 0 | — | — | — | |
| Proceeds from issuance of convertible notes | 11 | 6 | 60 | 0 | — | |
| Debt issuance costs | −764,000 | −3 | −4 | 0 | −2,000 | |
| Payments on note payable | −42,000 | −40,000 | −38,000 | −112,000 | — | |
| Taxes paid for equity award vesting | −178,000 | 0 | — | — | — | |
| Net cash provided by financing activities | 25 | 19 | 59 | 31 | 38 | |
| Net increase (decrease) in cash and cash equivalents | −1 | −15 | −11 | −9 | 14 | |
| Cash paid for interest | 3,000 | 23,000 | 7,000 | 6,000 | 3,000 | |
| Construction in progress transferred to properties, plant and equipment (Note 4) | 0 | 76 | 0 | 55,000 | 798,000 | |
| Accounts payable and accrued liabilities change related to capital additions | 180,000 | 2 | — | — | — | |
| Accounts payable and accrued liabilities change related to debt issuance costs | −271,000 | 0 | — | — | — | |
| Accounts payable and accrued liabilities change related to equity issuance costs | 238,000 | 0 | — | — | — | |
| Recognition of operating lease liability and right of use asset | 0 | 234,000 | 0 | 283,000 | 237,000 | |
| Interest paid through issuance of additional convertible notes (Note 7) | 7 | 4 | 2 | 0 | — | |
| Increase in net long-term debt resulting from modification (Note 7) | 0 | 21 | 0 | — | — | |
| Increase in asset retirement costs | 141,000 | 0 | 198,000 | 103,000 | 0 | |
| Convertible note derivatives liability reclassification to equity (Note 8) | 4 | 0 | — | — | — | |
| Net fair value of equity interest exchanged for convertible notes (Note 7) | 65 | 0 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is 5E Advanced Materials, Inc.'s CIK number?
5E Advanced Materials, Inc.'s SEC CIK number is 0001888654 (1888654). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find 5E Advanced Materials, Inc.'s SEC filings?
All of 5E Advanced Materials, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did 5E Advanced Materials, Inc. last report earnings?
5E Advanced Materials, Inc. (FEAM) most recently filed an earnings 8-K with the SEC on Nov 21, 2024, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000950170-24-129737). This is 5E Advanced Materials, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is 5E Advanced Materials, Inc.'s most recent earnings 8-K?
5E Advanced Materials, Inc.'s latest earnings 8-K (Item 2.02) was filed Nov 21, 2024 under accession 0000950170-24-129737. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View 5E Advanced Materials, Inc.'s latest earnings 8-K →
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