WSTRF Western Uranium & Vanadium Corp.

Overview and Growth

Fiscal 2025 results for Western Uranium & Vanadium Corp. combined $425.45K of revenue with net loss of $7.18M and an operating cash outflow of $5.78M. Revenue of $425.45K sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line expanded 131.5% from $183.80K in fiscal 2024, increasing the company’s operating scale. The company reported diluted EPS of -$0.11, adding a shareholder-level measure to the absolute income figures considered below. The diluted weighted-average share count was 64.06M, linking total earnings with the per-share result received by shareholders. The diluted share count was 16.3% higher than fiscal 2024, when diluted shares averaged 55.08M, adding context to the EPS comparison. The company employed $34.45M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 0.01x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Operations produced a $7.29M operating loss before non-operating and tax effects. The bottom-line result was a net loss of $7.18M after operating, financing, tax, and other recognized items. Negative EBITDA totaled $6.46M, confirming that the earnings deficit remained before depreciation and amortization. The pretax result was a loss of $7.18M, establishing the deficit before tax effects. The loss-to-equity relationship was 23.7%, placing the bottom-line deficit against shareholder capital. The net loss equaled 20.8% of period-end assets, showing the deficit relative to the asset base. Compared with a $10.11M net loss in fiscal 2024, the current loss improved to $7.18M.

Liquidity and Capital Structure

At period end, the $34.45M asset base was financed through $4.14M of liabilities and $30.30M of equity. The near-term balance sheet paired $6.15M of current assets with $762.48K of current liabilities at the reporting date. The current ratio was 8.06x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. The company held $5.62M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 737.1%, excluding receivables and other current assets. Equity equaled 88.0% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 12.0% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 16.3%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 1.6% higher than fiscal 2024 assets of $33.92M, measuring the company’s own balance-sheet change. Book equity was 1.6% higher than fiscal 2024 equity of $29.82M, showing how shareholder capital changed year over year. Compared with $5.48M in fiscal 2024, the current cash balance moved 2.5% and finished higher.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $5.78M, rather than cash generation from operations. Compared with a $8.30M operating cash outflow in fiscal 2024, the current outflow improved to $5.78M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.