UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (Exact name of Registrant as specified in its Charter) | Delaware | 87-3426517 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | inc ...

5E Advanced Materials, Inc. (FEAM) has stated that its operations team successfully commissioned the 5E Boron Americas Complex and began full commercial operations. The company started well-field injection on Jan 1, 2024.The 5E Boron Americas Complex is operating after completing its commissioning.  External engineering contractors completed the final electrical work on Mar 15. The total amount of Portable Liquid Storage (“PLS”) collected since mining began is more than 50,000 gallons. The inductively coupl ...

HESPERIA, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (NASDAQ:FEAM) (ASX: 5EA) ("5E" or the "Company"), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, today announced the Company's operations team has successfully commissioned the facility and has launched full commercial operations. The Company began well-field injection on January 1st, 2024. Key Highlights: 5E Boron Americas Complex is fully commissioned a ...

Measurable progress continues towards near-term plant completion Company remains on track to commence commercial operations in CY Q2 2024 at the 5E Boron Americas Complex in California HESPERIA, Calif., Feb. 25, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (NASDAQ:FEAM) (ASX: 5EA) (5E or the Company), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, provided an update on mining operations and related activities as it moves closer ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) ha ...

HESPERIA, Calif., Feb. 05, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (NASDAQ:FEAM) (ASX: 5EA) ("5E" or the "Company"), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas (Fort Cady) Complex, articulated its support for the bipartisan effort in Congress to include boron in the U.S. Geologic Survey's (USGS) 2025 Critical Mineral List. On January 26th, Representatives Jay Obernolte (CA-23) and Jimmy Panetta (CA-19), along with eight other ...

HESPERIA, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (NASDAQ:FEAM) (ASX: 5EA) ("5E" or the "Company"), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, today announced it has closed its previously announced second tranche of equity financing. The second closing included $7.75 million in new equity capital from 5ECAP, LLC. The Company previously closed $10 million on January 18th. The capital closed will be depl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-41279 5E ADVANCED MATERIALS, INC. (Exact name of Registrant as specified in its Charter) Delaware 87-3426517 (State or other ...

Financial Data and Key Metrics - The company ended the quarter with a cash balance of $20.3 million as of June 30, 2023 [34] - Phase 1 development has an estimated capital requirement of roughly $389 million, with $37 million needed in the first year [32] - The 90,000 short tons of boric acid production and 1,100 short tons of lithium carbonate are expected to generate over $101 million of EBITDA annually, with EBITDA margins of over 62% [33] Business Line Data and Key Metrics - The Small Scale Boron Facility (SSBF) is nearing completion and is expected to produce 2,000 tons of boric acid initially, with plans to scale up production [72] - The company plans to produce 450,000 short tons of boric acid and 5,500 short tons of lithium carbonate when fully operational [26] - The SSBF is divided into five sections: Wellfield, Utilities, PLS, Boric Acid, and Gypsum, with the Wellfield, Utilities, and PLS ready to operate [46] Market Data and Key Metrics - The global boron market is expected to grow significantly, with 1.6 million tons of new demand anticipated over the next several years [56] - Approximately 65% of global boron supply is controlled by a Turkish government-owned entity, creating an opportunity for the company to become a primary domestic U.S. supplier [56] - The company is positioned to address the widening gap between boric acid supply and demand, with no significant new projects expected to come online soon [57] Company Strategy and Industry Competition - The company is focused on advancing the 5E Boron Americas project, which is the only permitted boron deposit with a commercially viable resource expected to come online in the next five to seven years [29] - The company is pursuing a phased execution strategy over three modules, allowing for scalable production in a modular and de-risked manner [30] - The company is engaging with government agencies, including the Department of Defense and the Department of Energy, to secure funding and partnerships [52][64] Management Commentary on Operating Environment and Future Outlook - The company is awaiting final clearance from the EPA to begin operations, with step rate testing being the last remaining condition for the injection approval process [41] - The company is actively engaging in conversations to pursue additional capital from investment partners and other funding sources [50] - The company expects to receive authorization to inject acid, which will allow them to commence mining and begin producing boric acid, lithium carbonate, and gypsum [47] Other Important Information - The company has a 31-year mine life and future exploration targets to expand production [30] - The company has taken steps to reduce overhead costs, with a goal of maintaining a G&A burn rate of about $1.5 million per month [109] - The company has a number of commercial LOIs in place and is in ongoing discussions with potential offtake customers [62] Q&A Session Summary Question: Pricing assumptions and market deficit timing [81] - The company expects first full-year production pricing to be around $1,700 per ton, with prices expected to ramp up due to supply deficits [99] - The market is already in a deficit position, with supply being fully spoken for in recent quarters [3] Question: SSBF output allocation and product qualification timeline [84] - Initial SSBF output will be used for product qualification, with full commercial qualification expected to take three to six months [73] - Once qualified, the company plans to sell product into the spot market and potentially service offtake customers early [72] Question: Government financing timing and potential funding [119] - The Department of Defense (DOD) funding process is quicker, with potential funding being written into an appropriations bill [91] - The Department of Energy's Loan Programs Office (LPO) process is more detailed and could take around 12 months or longer, but offers significant capital [92] Question: Customer discussions and supply diversification [102] - Customers are increasingly looking to diversify their supply base due to product quality issues and the risk of relying on a single supplier [102] - The company is exploring opportunities to sell ahead and secure prepayments from customers [103] Question: EPA permit clarification [104] - The company has a permit in place but needs to meet certain conditions, including step rate testing, before receiving full authorization to inject acid [105] Question: SSBF CapEx details [111] - The incremental $5 million in CapEx for the SSBF will go towards finalizing piping, electrical work, and leased equipment for the boric acid and gypsum sections [95] Question: SSBF production allocation [97] - A portion of the initial 9,000 short tons of boric acid production will be used for quality testing, with the remainder available for sales once qualification is complete [113]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-41279 5E ADVANCED MATERIALS, INC. (Exact name of Registrant as specified in its Charter) Delaware 87-3426517 (State or other jurisdiction of incorpo ...