5E Advanced Materials reports FY2023 net loss $30.6M; SSBF construction near complete

5E Advanced Materials, Inc.

Cash balance $20.3M; construction in progress $67.5M vs $25.6M prior year.
Net loss improved to $30.6M from $66.7M; G&A down 54% to $25.3M (incl. $4.9M stock-based).
SSBF nearly complete; awaiting EPA authorization for step rate testing final permit step.
Received LOIs with Estes Energetics and Orbital Composites for downstream boron derivatives.
Commercial boric acid and lithium production targeted H2 2026 per phased plan.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

5E Advanced Materials, Inc. reported financial results for the full year ended June 30, 2023.

Period: the full year ended June 30, 2023
Result: reported results

Exact text from the filing

On August 30, 2023, 5E Advanced Materials, Inc. (the “Company”) announced its financial results for the full year ended June 30, 2023.

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5E Advanced Materials, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-045453

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