S-1 · primary offering
Issued 2026
Proposed maximum
Shares registered
- Filed
- Effective
FEAM$2.28+2.70%
5E Advanced Materials, Inc.
Sector: Mining & Quarrying of Nonmetallic Minerals (No Fuels)Industry: Chemicals - SpecialtyCountry: USExchange: Nasdaq
Mkt Cap:$113.17M
Float & O/S:
Inst Own:
DilutionScan read 42 of 5E Advanced Materials, Inc.'s SEC filings and found 4 warrant series, 1 convertible, 1 ATM program, 7 shelf registrations, 3 S-1 registrations and 4 completed offerings on file for FEAM. The latest dilution event on file is an offering on Oct 1, 2026. Analysis updated Nov 1, 2026.
Signal8 Summary
FEAM
Pre-revenue explorer with going-concern warning
Snapshot
5E Advanced Materials is a pre-revenue mineral explorer focused on borates and lithium in California. The company generated zero revenue in FY 2025 and lost $31.6 million, burning $23.8 million in free cash flow. While it raised $33.2 million in February 2026 to extend its cash runway to 13.6 months, the 10-Q filing explicitly states there is substantial doubt about its ability to continue as a going concern.
What's Happening Right Now
- : Completed a preliminary economic assessment for lithium carbonate recovery, projecting $9.5 million in annual revenue with lower capital costs than expected.
- : Signed its first boric acid offtake heads of agreement for 7,500 short tons per year, a key step toward securing project financing.
- : Appointed Jonathan Siegler to the board to support the next phase of project financing and capital structuring.
Raise routes on file: effective shelf · latest dilution event 33 days ago
Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need
AI dilution summary
The dominant contractual driver and its mechanism, then each further driver ranked.
Latest dilution event
Oct 1, 2026 · Offering
Every warrant, convertible, ATM and shelf, cited to the filing
A free account reads 3 tickers a day in full
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
Share count and cash history
Shares outstanding, potential dilution and cash over time
Completed
S-1 · primary offering
Proposed maximum
Shares registered
- Filed
- Effective
S-1 · resale registration
Issued 2022
Proposed maximum
Shares registered
- Filed
- Effective
Series A Warrants (August 2024 Equity Offering)
Issued 2024
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Series B Warrants (August 2024 Equity Offering)
Issued 2024
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Issued 2025
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Issued 2026
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Senior Secured Convertible Notes (August 2022 Notes, June 2024 Notes, September
Principal
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ATM program
Issued 2024
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- Sales agent
- Agreement date
- Commission
S-3 shelf registration
Issued 2023
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2024
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2024
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2024
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2024
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2025
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
Public offering
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Public offering
Issued 2025
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Offering
Issued 2025
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Offering
Issued 2026
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Know who's about to sell into your FEAM trade
Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
