OTCQB:UEXCF - Post by User
Post by
NewCoreFishon Mar 29, 2022 9:25am
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Post# 34554908
Big salary increase due ti new Vp show us what you have Chri
Big salary increase due ti new Vp show us what you have ChriGross salaries of $283,203 (Q4 2020 - $158,934) were higher in the current period due to the addition of a new employee in Q4 2021 and the promotion of Chief Geologist to Vice President, Exploration. Salaries, net of project management fees and Canadian Wage Subsidy program (CEWS) of $260,982 (Q4 2020 - $71,300) were higher in the current period due to the CEWS being lower as subsidy rates have decreased in 2021 compared to 2020 and the CEWS program ending in October 2021. In addition, a smaller 10% project management fee offset against salaries was recorded due to less expenditures at Christie Lake and West Bear in Q4 2021 compared to Q4 2020. UEX employee time spent on managing JCU is recouped through monthly management fee billed to JCU, with excess time billed as needed.