secwatch.observer — SEC 8-K summary
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Issuer:     5E Advanced Materials, Inc. (FEAM)
CIK:        0001888654
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0000950170-23-002391
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

5E Advanced Materials reports Q2 2023 net loss of $14.9M; pre-commissioning starts at Small-Scale Facility
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- Cash balance $56.8M; available cash $46.8M at Dec 31, 2022.
- Construction in progress $46.9M, up from $33.3M in prior quarter.
- Targets initial boric acid production late Q1 or early Q2 2023; lithium carbonate in Q2 2023.
- Signed letter of intent with Estes Energetics for boron-based solid rocket motor materials.
- Net loss of $14.9M vs $11.0M in prior year quarter; includes $2.2M unrealized derivative loss.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1888654/000095017023002391/0000950170-23-002391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1888654/000095017023002391/feam-20230209.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-002391

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer