10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000950170-22-024541 |
| Period End Date | 20220930 |
| Filing Date | 20221110 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | feam-20220930_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par or stated value per share |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, par or stated value per share |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
180.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
180.00M | shares | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
43.31M | shares | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
43.36M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$74.20M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$31.06M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$1.53M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$1.51M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$75.74M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$32.56M | USD | Point-in-time |
| Mineral rights and properties, net |
MineralPropertiesNet
|
$8.36M | USD | Point-in-time |
| Mineral rights and properties, net |
MineralPropertiesNet
|
$8.36M | USD | Point-in-time |
| Construction in progress |
ConstructionInProgress
|
$25.62M | USD | Point-in-time |
| Construction in progress |
ConstructionInProgress
|
$33.29M | USD | Point-in-time |
| Properties, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$2.85M | USD | Point-in-time |
| Properties, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$2.87M | USD | Point-in-time |
| Reclamation bond deposit |
ReclamationBondDeposit
|
$1.09M | USD | Point-in-time |
| Reclamation bond deposit |
ReclamationBondDeposit
|
$1.09M | USD | Point-in-time |
| Right of use asset |
OperatingLeaseRightOfUseAsset
|
$371.00K | USD | Point-in-time |
| Right of use asset |
OperatingLeaseRightOfUseAsset
|
$327.00K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$6.00K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$6.00K | USD | Point-in-time |
| Total assets |
Assets
|
$70.89M | USD | Point-in-time |
| Total assets |
Assets
|
$121.66M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$7.21M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$9.39M | USD | Point-in-time |
| Lease liabilities, current |
OperatingLeaseLiabilityCurrent
|
$164.00K | USD | Point-in-time |
| Lease liabilities, current |
OperatingLeaseLiabilityCurrent
|
$161.00K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$9.55M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$7.38M | USD | Point-in-time |
| Long-term debt |
LongTermDebt
|
$148.00K | USD | Point-in-time |
| Long-term debt |
LongTermDebt
|
$31.63M | USD | Point-in-time |
| Convertible note derivative liability |
DerivativeLiabilitiesNoncurrent
|
- | USD | Point-in-time |
| Convertible note derivative liability |
DerivativeLiabilitiesNoncurrent
|
$10.99M | USD | Point-in-time |
| Lease liability |
OperatingLeaseLiabilityNoncurrent
|
$170.00K | USD | Point-in-time |
| Lease liability |
OperatingLeaseLiabilityNoncurrent
|
$211.00K | USD | Point-in-time |
| Accrued reclamation liabilities |
AccruedReclamationCostsAndAssetRetirementObligationNonCurrent
|
$489.00K | USD | Point-in-time |
| Accrued reclamation liabilities |
AccruedReclamationCostsAndAssetRetirementObligationNonCurrent
|
$492.00K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$8.22M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$52.84M | USD | Point-in-time |
| Commitments and contingencies (Note 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, $0.01 par value; 180,000,000 shares authorized; 43,355,315 and 43,305,315 shares outstanding September 30 and June 30, respectively |
CommonStockValue
|
$433.00K | USD | Point-in-time |
| Common stock, $0.01 par value; 180,000,000 shares authorized; 43,355,315 and 43,305,315 shares outstanding September 30 and June 30, respectively |
CommonStockValue
|
$434.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$169.59M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$171.15M | USD | Point-in-time |
| Retained earnings (accumulated deficit) |
RetainedEarningsAccumulatedDeficit
|
$-107.36M | USD | Point-in-time |
| Retained earnings (accumulated deficit) |
RetainedEarningsAccumulatedDeficit
|
$-102.76M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$68.82M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$55.66M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$62.66M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$62.33M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$70.89M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$121.66M | USD | Point-in-time |
Income Statement
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Project expenses |
ProjectExpenses
|
$4.79M | USD | 1 Quarter |
| Project expenses |
ProjectExpenses
|
$3.60M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$5.84M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$4.89M | USD | 1 Quarter |
| Research and Development |
ResearchAndDevelopmentExpense
|
- | USD | 1 Quarter |
| Research and Development |
ResearchAndDevelopmentExpense
|
$39.00K | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationAndAmortization
|
$37.00K | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationAndAmortization
|
$20.00K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$8.56M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$10.65M | USD | 1 Quarter |
| Income (loss) from operations |
OperatingIncomeLoss
|
$-10.65M | USD | 1 Quarter |
| Income (loss) from operations |
OperatingIncomeLoss
|
$-8.56M | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
$10.00K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
$14.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$61.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$1.00K | USD | 1 Quarter |
| Derivative gain (loss) |
GainLossOnDerivativeInstrumentsNetPretax
|
- | USD | 1 Quarter |
| Derivative gain (loss) |
GainLossOnDerivativeInstrumentsNetPretax
|
$13.91M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$2.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$821.00K | USD | 1 Quarter |
| Net foreign exchange gain (loss) |
ForeignCurrencyTransactionGainLossRealized
|
- | USD | 1 Quarter |
| Net foreign exchange gain (loss) |
ForeignCurrencyTransactionGainLossRealized
|
$1.17M | USD | 1 Quarter |
| Total non-operating income (expense) |
NonoperatingIncomeExpense
|
$1.18M | USD | 1 Quarter |
| Total non-operating income (expense) |
NonoperatingIncomeExpense
|
$13.16M | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-9.47M | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$4.61M | USD | 1 Quarter |
| Income tax provision (benefit) |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Income tax provision (benefit) |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$-9.47M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$4.61M | USD | 1 Quarter |
| Earnings Per Share, Basic |
EarningsPerShareBasic
|
$0.11 | USD | 1 Quarter |
| Earnings Per Share, Basic |
EarningsPerShareBasic
|
$-0.24 | USD | 1 Quarter |
| Earnings Per Share, Diluted |
EarningsPerShareDiluted
|
$-0.24 | USD | 1 Quarter |
| Earnings Per Share, Diluted |
EarningsPerShareDiluted
|
$0.11 | USD | 1 Quarter |
| Weighted Average Number of Shares Outstanding, Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
43.35M | shares | 1 Quarter |
| Weighted Average Number of Shares Outstanding, Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
38.71M | shares | 1 Quarter |
| Weighted Average Number of Shares Outstanding, Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
38.71M | shares | 1 Quarter |
| Weighted Average Number of Shares Outstanding, Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
48.52M | shares | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$-9.47M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$4.61M | USD | 1 Quarter |
| Reporting currency translation gain (loss) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-1.61M | USD | 1 Quarter |
| Reporting currency translation gain (loss) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
- | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$-11.07M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$4.61M | USD | 1 Quarter |
Cash Flow Statement
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
NetIncomeLoss
|
$-9.47M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$4.61M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$37.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$20.00K | USD | 1 Quarter |
| Share based compensation |
ShareBasedCompensation
|
$1.30M | USD | 1 Quarter |
| Share based compensation |
ShareBasedCompensation
|
$1.78M | USD | 1 Quarter |
| Common stock issued for consulting fees |
CommonStockIssuedForConsultingFees
|
- | USD | 1 Quarter |
| Common stock issued for consulting fees |
CommonStockIssuedForConsultingFees
|
$-1.54M | USD | 1 Quarter |
| Unrealized (gain) loss on convertible note derivative instrument |
UnrealizedGainLossOnDerivatives
|
$13.91M | USD | 1 Quarter |
| Unrealized (gain) loss on convertible note derivative instrument |
UnrealizedGainLossOnDerivatives
|
- | USD | 1 Quarter |
| Accretion of reclamation liability |
AccretionOfReclamationLiability
|
$-3.00K | USD | 1 Quarter |
| Accretion of reclamation liability |
AccretionOfReclamationLiability
|
$-1.00K | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
- | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
$550.00K | USD | 1 Quarter |
| Amortization of right of use asset |
OperatingLeaseRightOfUseAssetAmortizationExpense
|
$44.00K | USD | 1 Quarter |
| Amortization of right of use asset |
OperatingLeaseRightOfUseAssetAmortizationExpense
|
- | USD | 1 Quarter |
| Net foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
- | USD | 1 Quarter |
| Net foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$1.17M | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidExpensesOther
|
$42.00K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidExpensesOther
|
$27.00K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$2.53M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-416.00K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-4.82M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-7.81M | USD | 1 Quarter |
| Construction in progress |
PaymentsForConstructionInProgress
|
$953.00K | USD | 1 Quarter |
| Construction in progress |
PaymentsForConstructionInProgress
|
$5.12M | USD | 1 Quarter |
| Mineral rights and properties |
PaymentsToAcquireMineralRights
|
$86.00K | USD | 1 Quarter |
| Mineral rights and properties |
PaymentsToAcquireMineralRights
|
- | USD | 1 Quarter |
| Properties, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$11.00K | USD | 1 Quarter |
| Properties, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$898.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-5.13M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.94M | USD | 1 Quarter |
| Proceeds from issuance of convertible note |
ProceedsFromConvertibleDebt
|
$55.84M | USD | 1 Quarter |
| Proceeds from issuance of convertible note |
ProceedsFromConvertibleDebt
|
- | USD | 1 Quarter |
| Payments on note payable |
PaymentsOfDebtIssuanceCosts
|
$10.00K | USD | 1 Quarter |
| Payments on note payable |
PaymentsOfDebtIssuanceCosts
|
$1.00K | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$1.09M | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$256.00K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$56.09M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$1.08M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$43.15M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-5.67M | USD | 1 Quarter |
| Effect of exchange rate fluctuation on cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
- | USD | 1 Quarter |
| Effect of exchange rate fluctuation on cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$-438.00K | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$74.20M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$40.81M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$31.06M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$34.70M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$74.20M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$40.81M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$31.06M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$34.70M | USD | Point-in-time |
| Interest paid in cash |
InterestPaidNet
|
$2.00K | USD | 1 Quarter |
| Interest paid in cash |
InterestPaidNet
|
- | USD | 1 Quarter |
| Accounts payable change related to construction in progress additions |
AccountsPayableChangeRelatedToConstructionInProgressAdditions
|
$2.55M | USD | 1 Quarter |
| Accounts payable change related to construction in progress additions |
AccountsPayableChangeRelatedToConstructionInProgressAdditions
|
$252.00K | USD | 1 Quarter |
| Recognition of operating lease liabilities and right of use assets |
RecognitionOfOperatingLeaseLiabilitiesAndRightOfUseAssets
|
$17.00K | USD | 1 Quarter |
| Recognition of operating lease liabilities and right of use assets |
RecognitionOfOperatingLeaseLiabilitiesAndRightOfUseAssets
|
- | USD | 1 Quarter |
Stockholders Equity
18 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquity
|
$68.82M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$55.66M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$62.66M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$62.33M | USD | Point-in-time |
| Exercise of stock options,Shares |
StockIssuedDuringPeriodSharesStockOptionsExercised
|
303,000.00 | shares | 1 Quarter |
| Exercise of stock options,Shares |
StockIssuedDuringPeriodSharesStockOptionsExercised
|
50,000.00 | shares | 1 Quarter |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$256.00K | USD | 1 Quarter |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$1.09M | USD | 1 Quarter |
| Consulting fees |
StockIssuedDuringPeriodValueIssuedForServices
|
$1.54M | USD | 1 Quarter |
| Share based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$1.30M | USD | 1 Quarter |
| Share based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$1.78M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$-9.47M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$4.61M | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax |
AccumulatedOtherComprehensiveIncomeLoss
|
$-1.61M | USD | 1 Quarter |
| Ending balance |
StockholdersEquity
|
$68.82M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$55.66M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$62.66M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$62.33M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.