---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-020822"
form_type: "8-K"
ticker: "FEAM"
cik: "0001888654"
company_name: "5E Advanced Materials, Inc."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T04:58:34.421198+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# 5E Advanced Materials reports Q3 loss, appoints new CEO, updates Fort Cady project with $2.4B NPV

## Summary
- Net loss of $10.1M for Q3 FY2023; cash balance $36.2M; construction in progress $61.5M.
- Phase 1 capital estimate $373M (incl. contingency); targets 90K tons boric acid, 1.1K tons LCE by Q2 2026.
- Project economics: FY2027 EBITDA $101.2M (62.1% margin); post-tax NPV 8% $2.4B; IRR 22.6%.
- New CEO Susan Seilheimer Brennan appointed April 24; implemented cost cuts, plans HQ relocation to California.
- Small-Scale Facility substantially complete; awaiting EPA authorization to commence mining operations.

## SEC filing metadata
- accession: 0000950170-23-020822
- form_type: 8-K
- ticker: FEAM
- cik: 0001888654
- company_name: 5E Advanced Materials, Inc.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1888654/000095017023020822/0000950170-23-020822-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1888654/000095017023020822/feam-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-020822
- JSON: https://secwatch.observer/filing/0000950170-23-020822.json
- Plain text: https://secwatch.observer/filing/0000950170-23-020822.txt

## Key facts
- Earnings Releases
  5E Advanced Materials, Inc. reported financial results for the three months ended March 31, 2023.
  - Period: the three months ended March 31, 2023
  - Result: reported results
  source text: On May 11, 2023, 5E Advanced Materials, Inc. (the "Company") announced its financial results for the three months ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1888654/000095017023020822/0000950170-23-020822-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.