Western Uranium & Vanadium Corp. (WSTRF) Form 10-Q — May 14, 2026
Western Uranium & Vanadium Corp. reported a net loss of $1.6 million for the three months ended March 31, 2026, driven by an operating loss of $1.6 million despite a 58% reduction in mining expenditures to $709,000 as part of a cost-saving initiative. The company generated only $27,351 in revenue, primarily from oil and gas royalties, and holds $4.55 million in cash against an accumulated deficit of $37.7 million. The filing includes explicit going-concern language, stating that substantial doubt exists regarding the company's ability to continue operations for at least one year without additional financing.
Key figures
- Revenue
- 27351
- Total Debt
- 0
- Total Assets
- 33127792
- Cash Position
- 4552637
- Working Capital
- 4236069
- Shares Outstanding
- 71853888
- Mining Expenditures
- 709138
- Options Outstanding
- 6615000
- Warrants Outstanding
- 19654518
- Stock Based Compensation
- 238000
Price after filing
Close on the filing date to close N calendar days later (from $0.56). Historical, not a forecast.
AI analysis
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