Here are the 10-K annual reports from 5E Advanced Matls Inc CDI (FEAV) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow FEAV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FEAV filings page.
5E Advanced Materials, Inc. (FEAM) reports another year as a pre-revenue, development-stage boron and lithium company focused on its Fort Cady Project in California. For the year ended June 30, 2026, it recorded a net loss of $42.9 million and used $19.0 million of cash in operating activities.
Cash and cash equivalents increased to $19.5 million, driven by $42.3 million of equity and warrant financing during fiscal 2026, and the company reports no long-term debt outstanding. Management and the auditor both state there is substantial doubt about the company’s ability to continue as a going concern without additional financing.
The Fort Cady Project advanced technically: a Preliminary Feasibility Study estimates approximately $435 million of capital to build the proposed commercial-scale facility, supported by about 5.1 million short tons of boric acid reserves and an expected 37.5‑year mine life. 5E continues operating its small-scale facility, qualifying boric acid with multiple potential customers, pursuing advanced boron materials (including meta boric acid and ferroboron), and evaluating lithium carbonate as a byproduct, while also negotiating a pending acquisition of specified Searles Valley Minerals assets that would require additional cash and a short-maturity bridge facility.