Western Uranium & Vanadium Corp. (WSTRF) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
5 CHURCH STREET TORONTO, ON M5E 1M2 |
| State of Incorp. | ON |
| Fiscal Year End | December 31 |
| Industry (SIC) | 109 - Miscellaneous Metal Ores (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5,483 | 9,218 | 9,683 | 883 | 568 | 2,088 | |||
| Cash and cash equivalent | 5,483 | 9,218 | 9,682 | 881 | 565 | 2,085 | |||
| Short-term investments | 0 | 1 | 2 | 2 | 3 | ||||
| Restricted cash and investments | 75 | 75 | 75 | 75 | 75 | 75 | |||
| Inventory, net of allowances, customer advances and progress billings | 4,086 | ||||||||
| Inventory | 4,086 | ||||||||
| Prepaid expense | 352 | 382 | 254 | 154 | 137 | 190 | |||
| Other current assets | 78 | 131 | 228 | 264 | 11 | 25 | |||
| Total current assets: | 5,988 | 9,807 | 10,239 | 5,461 | 791 | 2,378 | |||
| Noncurrent Assets | |||||||||
| Restricted cash and investments | 738 | 676 | 676 | 665 | 832 | 823 | |||
| Deferred income tax assets | 2,266 | ||||||||
| Other undisclosed noncurrent assets | 27,191 | 24,414 | 22,287 | 21,268 | 21,224 | 18,968 | |||
| Total noncurrent assets: | 27,929 | 25,091 | 22,963 | 21,934 | 22,055 | 22,057 | |||
| TOTAL ASSETS: | 33,916 | 34,897 | 33,203 | 27,395 | 22,846 | 24,435 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 672 | 761 | 552 | 700 | 489 | 599 | |||
| Accounts payable | 516 | 563 | 404 | 511 | 347 | 404 | |||
| Accrued liabilities | 157 | 198 | 148 | 189 | 142 | 195 | |||
| Deferred revenue | 44 | 48 | 65 | 25 | |||||
| Accrued reclamation costs | 75 | 75 | 75 | 75 | 75 | 75 | |||
| Other undisclosed current liabilities | 146 | ||||||||
| Total current liabilities: | 747 | 836 | 671 | 969 | 628 | 699 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 335 | 657 | 641 | 694 | 811 | 668 | |||
| Deferred revenue | 60 | 108 | 23 | ||||||
| Asset retirement obligations | 335 | 317 | 300 | 272 | 310 | 294 | |||
| Business combination, contingent consideration, liability | 341 | 340 | 363 | 392 | 351 | ||||
| Other undisclosed noncurrent liabilities | 3,018 | 2,634 | 2,634 | 2,634 | 2,634 | 2,634 | |||
| Total noncurrent liabilities: | 3,353 | 3,291 | 3,274 | 3,328 | 3,444 | 3,302 | |||
| Total liabilities: | 4,100 | 4,127 | 3,945 | 4,298 | 4,073 | 4,001 | |||
| Equity | |||||||||
| Equity, attributable to parent | 29,816 | 30,770 | 29,258 | 23,097 | 18,773 | 20,433 | |||
| Common stock | 58,980 | 49,662 | 43,394 | 36,196 | 29,886 | 29,043 | |||
| Accumulated other comprehensive income (loss) | (234) | (74) | (261) | 63 | (26) | 85 | |||
| Accumulated deficit | (28,930) | (18,818) | (13,875) | (13,161) | (11,087) | (8,695) | |||
| Total equity: | 29,816 | 30,770 | 29,258 | 23,097 | 18,773 | 20,433 | |||
| TOTAL LIABILITIES AND EQUITY: | 33,916 | 34,897 | 33,203 | 27,395 | 22,846 | 24,435 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 184 | 431 | 7,859 | 272 | 55 | 45 | ||
| Cost of revenue | (4,044) | |||||||
| Gross profit: | 184 | 431 | 3,815 | 272 | 55 | 45 | ||
| Operating expenses | (10,519) | (5,527) | (4,594) | (2,285) | (1,868) | (2,090) | ||
| Operating loss: | (10,335) | (5,096) | (779) | (2,013) | (1,814) | (2,045) | ||
| Nonoperating income (expense) | 4 | (78) | ||||||
| Investment income, nonoperating | ||||||||
| Other nonoperating income (expense) | 4 | (78) | ||||||
| Interest and debt expense | (13) | (65) | ||||||
| Loss from continuing operations: | (10,335) | (5,096) | (775) | (2,091) | (1,827) | (2,110) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (2,091) | (1,827) | (2,110) | |
| Other undisclosed net income | 17 | |||||||
| Net loss: | (10,335) | (5,096) | (775) | (2,074) | (1,827) | (2,110) | ||
| Other undisclosed net income (loss) attributable to parent | 223 | 153 | 61 | (566) | ||||
| Net loss available to common stockholders, diluted: | (10,112) | (4,943) | (714) | (2,074) | (2,393) | (2,110) | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (10,335) | (5,096) | (775) | (2,074) | (1,827) | (2,110) | ||
| Comprehensive loss: | (10,335) | (5,096) | (775) | (2,074) | (1,827) | (2,110) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 63 | 340 | (263) | 89 | (677) | 43 | ||
| Comprehensive loss, net of tax, attributable to parent: | (10,272) | (4,755) | (1,038) | (1,985) | (2,504) | (2,067) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.