We deliver leading advanced technology that provides separation of rare earth elements needed for the supply chain to produce electric vehicles in North America

Bullboard - Investor Discussion Forum Ucore Rare Metals Inc. V.UCU

Alternate Symbol(s): UURAF

Metals & Mining Industrial Metals & Minerals

Ucore is focused on rare and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

TSXV:UCU - Post Discussion

Ucore Rare Metals Inc. > Financials

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Post by jrhjr1127 on Nov 21, 2023 6:31pm

Financials

C$993,256 cash and marketable securities as of Sep 30.

C$3,372,568 cash flow used in operating activities for the 9 months ended Sep 30.

Subtracting cash flows used in operating activities from the prior financials for the 6 months ended Jun 30 of C$1,164,791 gives C$2,207,777 cash flows used in operating activities for the 3 months ended Sep 30.

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Comment by VeritasBob on Nov 21, 2023 7:20pm

The ability of the Company to continue as a going concern, realize its assets and discharge its liabilities in the normal course of business, expand upon its exploration and development programs, and advance the Company’s RapidSXTM technology is contingent upon securing financing or monetizing assets. [url=file:///C:/Users/mark/Downloads/UCU_-_FS_-_Sep_30,_2023_-_FINAL-1.pdf]"Going Concern ...more

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Comment by VeritasBob on Nov 21, 2023 7:22pm

Corrected link: https://www.sedarplus.ca/csa-party/viewInstance/resource.html?node=W840&[url=drmKey=d1ad879928bf1b4d&drr=ss0440ffa6f13bb724d948d1eb2c66485b15d8fe0e75434145a051c717b618384b7516dc99cee22991825035810e3b6fa6ux&id=0c11f8b7998bcd9609449c54872cafdd023c24bd6e11974c][/url]

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Comment by PipinoCuevas on Nov 21, 2023 7:41pm

More cash than I expected. PP still on its way but since DOD and CDN will chip in for testing, not as brutal still we need 4 million for cdn testing and another few million for DOD 10-15 % dilution just for testing, not even building SMC

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Ucore Rare Metals Inc.