Here are the S-1 registration statements from 5E Advanced Matls Inc CDI (FEAV) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An S-1 covers the registration statement a company files to sell shares publicly, 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. is registering 8,720,930 shares of common stock in a primary offering of up to $30.0 million, based on an assumed price of $3.44 per share, on a reasonable best efforts basis with no minimum raise requirement.
The company expects net proceeds of about $27.4 million if the full amount is sold, and plans to use the cash to operate its small-scale boron facility, advance wellfield development and mine planning, fund FEED engineering for its commercial project, and for general corporate purposes.
5E is a development-stage, exploration-stage mining company focused on boron and lithium at its Fort Cady project in California and currently has no proven or probable mineral reserves. As of September 30, 2025, it had 23,511,883 shares outstanding, and the offering would increase as-adjusted net tangible book value per share from $2.60 to $2.75, implying dilution of $0.69 per share to new investors at the assumed price.
The company discloses substantial doubt about its ability to continue as a going concern, noting preliminary cash of about $0.6 million as of December 31, 2025 and a need for significant additional financing even after this offering to advance its large-scale boron and lithium complex toward anticipated commercial production around 2028–2029.