2024 Q2 Form 10-K Financial Statement
#000121390024033519 Filed on April 16, 2024
Income Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $39.78K | $73.16K | $431.1K |
YoY Change | -61.3% | -70.45% | -94.51% |
Cost Of Revenue | $1.385M | $959.1K | |
YoY Change | 556.05% | ||
Gross Profit | -$1.345M | -$885.9K | $431.1K |
YoY Change | -1408.67% | -974.03% | -88.7% |
Gross Profit Margin | -3381.44% | -1210.93% | 100.0% |
Selling, General & Admin | $1.367M | $838.8K | $2.575M |
YoY Change | 136.67% | -41.64% | -32.79% |
% of Gross Profit | 597.45% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $151.1K | $99.61K | $262.8K |
YoY Change | 181.19% | 1244.26% | 877.91% |
% of Gross Profit | 60.97% | ||
Operating Expenses | $2.752M | $838.8K | $5.527M |
YoY Change | 122.99% | -41.64% | 20.31% |
Operating Profit | -$2.712M | -$1.725M | -$5.096M |
YoY Change | 139.73% | 29.11% | 554.01% |
Interest Expense | $83.60K | $34.91K | $171.2K |
YoY Change | 52.03% | -24.83% | 90.09% |
% of Operating Profit | |||
Other Income/Expense, Net | $3.040K | -$12.59K | -$17.91K |
YoY Change | -1113.33% | 354.51% | -547.75% |
Pretax Income | -$2.626M | -$1.702M | -$4.943M |
YoY Change | 143.86% | 31.74% | 592.46% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$2.626M | -$1.702M | -$4.943M |
YoY Change | 143.86% | 31.74% | 592.47% |
Net Earnings / Revenue | -6599.94% | -2326.9% | -1146.6% |
Basic Earnings Per Share | -$0.05 | -$0.11 | |
Diluted Earnings Per Share | -$0.05 | -$0.04 | -$0.11 |
COMMON SHARES | |||
Basic Shares Outstanding | 55.22M shares | 44.28M shares | 44.07M shares |
Diluted Shares Outstanding | 55.22M shares | 44.07M shares |
Balance Sheet
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $8.817M | $9.218M | $9.218M |
YoY Change | 33.66% | -4.8% | -4.8% |
Cash & Equivalents | $8.816M | $9.218M | |
Short-Term Investments | $420.00 | $390.00 | $390.00 |
Other Short-Term Assets | $45.40K | $131.3K | $588.6K |
YoY Change | -59.73% | -42.33% | 5.73% |
Inventory | |||
Prepaid Expenses | $170.4K | $382.3K | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $9.108M | $9.807M | $9.807M |
YoY Change | 31.54% | -4.23% | -4.23% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $15.69M | $14.93M | $14.93M |
YoY Change | 8.82% | 16.62% | 16.62% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $676.4K | $676.4K | $676.4K |
YoY Change | 0.01% | 0.0% | 0.0% |
Total Long-Term Assets | $25.86M | $25.09M | $25.09M |
YoY Change | 5.17% | 9.26% | 9.26% |
TOTAL ASSETS | |||
Total Short-Term Assets | $9.108M | $9.807M | $9.807M |
Total Long-Term Assets | $25.86M | $25.09M | $25.09M |
Total Assets | $34.96M | $34.90M | $34.90M |
YoY Change | 10.97% | 5.1% | 5.1% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $626.1K | $562.8K | $562.8K |
YoY Change | 25.64% | 39.41% | 39.41% |
Accrued Expenses | $144.4K | $198.3K | $198.3K |
YoY Change | -11.89% | 34.06% | 34.06% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $845.6K | $836.2K | $836.2K |
YoY Change | 12.92% | 24.7% | 24.7% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $582.2K | $582.2K | $582.2K |
YoY Change | 3.24% | 2.96% | 2.96% |
Total Long-Term Liabilities | $582.2K | $582.2K | $582.2K |
YoY Change | 3.24% | 2.96% | 2.96% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $845.6K | $836.2K | $836.2K |
Total Long-Term Liabilities | $582.2K | $582.2K | $582.2K |
Total Liabilities | $4.137M | $4.127M | $4.127M |
YoY Change | 2.86% | 4.62% | 4.62% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$23.92M | -$18.82M | |
YoY Change | 48.99% | 35.62% | |
Common Stock | $55.03M | $49.66M | |
YoY Change | 25.79% | 14.44% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $30.83M | $30.77M | $30.77M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $34.96M | $34.90M | $34.90M |
YoY Change | 10.97% | 5.1% | 5.1% |
Cashflow Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.626M | -$1.702M | -$4.943M |
YoY Change | 143.86% | 31.74% | 592.47% |
Depreciation, Depletion And Amortization | $151.1K | $99.61K | $262.8K |
YoY Change | 181.19% | 1244.26% | 877.91% |
Cash From Operating Activities | -$2.029M | -$1.526M | -$4.089M |
YoY Change | 155.05% | 144.47% | -189.87% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $626.6K | $530.3K | $2.404M |
YoY Change | -42.78% | 252.94% | 129.95% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$626.6K | -$530.3K | -$2.404M |
YoY Change | -42.78% | 252.94% | 129.95% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | 5.293M | $5.844M |
YoY Change | 3.77% | ||
NET CHANGE | |||
Cash From Operating Activities | -2.029M | -1.526M | -$4.089M |
Cash From Investing Activities | -626.6K | -530.3K | -$2.404M |
Cash From Financing Activities | 0.000 | 5.293M | $5.844M |
Net Change In Cash | -2.655M | 3.236M | -$464.5K |
YoY Change | 40.46% | -517.84% | -105.27% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.029M | -$1.526M | -$4.089M |
Capital Expenditures | $626.6K | $530.3K | $2.404M |
Free Cash Flow | -$2.655M | -$2.056M | -$6.494M |
YoY Change | 40.46% | 165.51% | -285.3% |
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CY2023 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-5598 | usd |
CY2023 | wstrf |
Accretion Of Reclamation Liability
AccretionOfReclamationLiability
|
12308 | usd |
CY2022 | wstrf |
Accretion Of Reclamation Liability
AccretionOfReclamationLiability
|
28656 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
429429 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1566520 | usd |
CY2023 | wstrf |
Change In Marketable Securities
ChangeInMarketableSecurities
|
227 | usd |
CY2022 | wstrf |
Change In Marketable Securities
ChangeInMarketableSecurities
|
1508 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-4085723 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
27376 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
63953 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
209508 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-147979 | usd |
CY2022 | us-gaap |
Increase Decrease In Payables To Customers
IncreaseDecreaseInPayablesToCustomers
|
-146177 | usd |
CY2023 | wstrf |
Increase Decrease In Reclamation Liability
IncreaseDecreaseInReclamationLiability
|
-4035 | usd |
CY2023 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-43860 | usd |
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-64620 | usd |
CY2023 | wstrf |
Increase Decrease In Contingent Consideration
IncreaseDecreaseInContingentConsideration
|
-398 | usd |
CY2022 | wstrf |
Increase Decrease In Contingent Consideration
IncreaseDecreaseInContingentConsideration
|
22542 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4089495 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
4550246 | usd |
CY2023 | us-gaap |
Payments To Acquire Mining Assets
PaymentsToAcquireMiningAssets
|
2404440 | usd |
CY2022 | us-gaap |
Payments To Acquire Mining Assets
PaymentsToAcquireMiningAssets
|
1045638 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2404440 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1045638 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
4836867 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
3011878 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
1004044 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
2620395 | usd |
CY2023 | wstrf |
Proceeds From Saleand Collectionof Note Receivable
ProceedsFromSaleandCollectionofNoteReceivable
|
3500 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5844411 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5632273 | usd |
CY2023 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
185015 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-324610 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-464509 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
8812271 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10433538 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1621267 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
9969029 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10433538 | usd |
CY2023Q4 | us-gaap |
Cash
Cash
|
9217585 | usd |
CY2022Q4 | us-gaap |
Cash
Cash
|
9682133 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
75075 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
75057 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
676369 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
676348 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
9969029 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10433538 | usd |
CY2023 | wstrf |
Notes Received In Exchange For Equipment Sold
NotesReceivedInExchangeForEquipmentSold
|
8000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4942594 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-713767 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-18817857 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-13875263 | usd |
CY2023 | wstrf |
Working Capital
WorkingCapital
|
8970434 | usd |
CY2022 | wstrf |
Working Capital
WorkingCapital
|
9568963 | usd |
CY2023Q4 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
5215828 | shares |
CY2023Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
1.39 | |
CY2023 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
7250000 | cad |
CY2023 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
4836867 | usd |
CY2023 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
1004044 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><i>Use of Estimates</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of these consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities at the date of the financial statements and revenues and expenses during the periods reported. By their nature, these estimates are subject to measurement uncertainty, and the effects on the consolidated financial statements of changes in such estimates in future periods could be significant. Significant areas requiring management’s estimates and assumptions include the determination of the fair value of transactions involving common shares, assessment of the useful life and evaluation for impairment of Kinetic Separation intellectual property, valuation and impairment assessments of mineral properties and equipment, valuation of deferred contingent consideration, valuation of the reclamation liability and valuation of stock-based compensation. Other areas requiring estimates include allocations of expenditures, depletion, and amortization of mineral rights and properties. Actual results could differ from those estimates.</p> | |
CY2023 | us-gaap |
Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
|
more than 50 percent | |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
15722205 | shares |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
13668410 | shares |
CY2023Q4 | wstrf |
Property Plant And Equipment And Mineral Properties Gross
PropertyPlantAndEquipmentAndMineralPropertiesGross
|
15247940 | usd |
CY2022Q4 | wstrf |
Property Plant And Equipment And Mineral Properties Gross
PropertyPlantAndEquipmentAndMineralPropertiesGross
|
12863400 | usd |
CY2023Q4 | wstrf |
Accumulated Depreciation Property Plant And Equipment And Mineral Properties
AccumulatedDepreciationPropertyPlantAndEquipmentAndMineralProperties
|
321651 | usd |
CY2022Q4 | wstrf |
Accumulated Depreciation Property Plant And Equipment And Mineral Properties
AccumulatedDepreciationPropertyPlantAndEquipmentAndMineralProperties
|
64496 | usd |
CY2023Q4 | wstrf |
Property Plant And Equipment And Mineral Properties Net
PropertyPlantAndEquipmentAndMineralPropertiesNet
|
14926289 | usd |
CY2022Q4 | wstrf |
Property Plant And Equipment And Mineral Properties Net
PropertyPlantAndEquipmentAndMineralPropertiesNet
|
12798904 | usd |
CY2023Q4 | wstrf |
Kinetic Separation Intellectual Property
KineticSeparationIntellectualProperty
|
9488051 | usd |
CY2022Q4 | wstrf |
Kinetic Separation Intellectual Property
KineticSeparationIntellectualProperty
|
9488051 | usd |
CY2023 | us-gaap |
Payments To Acquire Mining Assets
PaymentsToAcquireMiningAssets
|
2404440 | usd |
CY2022 | us-gaap |
Payments To Acquire Mining Assets
PaymentsToAcquireMiningAssets
|
1045638 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
262832 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
26877 | usd |
CY2023Q4 | us-gaap |
Area Of Land
AreaOfLand
|
160 | sqm |
CY2023 | us-gaap |
Operating Leases Of Lessor Contingent Rentals Description Of Variable Rate Basis
OperatingLeasesOfLessorContingentRentalsDescriptionOfVariableRateBasis
|
As consideration for entering into the lease, the lessee has agreed to pay the Company a royalty from the lessee’s revenue attributed to oil and gas produced, saved, and sold attributable to the net mineral interest. | |
CY2023 | us-gaap |
Payments To Acquire Royalty Interests In Mining Properties
PaymentsToAcquireRoyaltyInterestsInMiningProperties
|
431065 | usd |
CY2022 | us-gaap |
Payments To Acquire Royalty Interests In Mining Properties
PaymentsToAcquireRoyaltyInterestsInMiningProperties
|
635363 | usd |
CY2023Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
751444 | usd |
CY2022Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
751405 | usd |
CY2023Q4 | us-gaap |
Accrued Reclamation Costs Current
AccruedReclamationCostsCurrent
|
75057 | usd |
CY2023 | wstrf |
Reclamation Liability Discount Rate
ReclamationLiabilityDiscountRate
|
0.054 | pure |
CY2023Q4 | us-gaap |
Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
|
241562 | usd |
CY2022Q4 | us-gaap |
Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
|
225219 | usd |
CY2022Q4 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
300276 | usd |
CY2021Q4 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
271620 | usd |
CY2023 | wstrf |
Increase Decrease In Reclamation Liability
IncreaseDecreaseInReclamationLiability
|
-4035 | usd |
CY2023 | wstrf |
Accretion Of Reclamation Liability
AccretionOfReclamationLiability
|
12308 | usd |
CY2022 | wstrf |
Accretion Of Reclamation Liability
AccretionOfReclamationLiability
|
28656 | usd |
CY2023Q4 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
316619 | usd |
CY2022Q4 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
300276 | usd |
CY2023Q4 | us-gaap |
Accrued Reclamation Costs Current
AccruedReclamationCostsCurrent
|
75057 | usd |
CY2022Q4 | us-gaap |
Accrued Reclamation Costs Current
AccruedReclamationCostsCurrent
|
75057 | usd |
CY2023Q4 | us-gaap |
Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
|
241562 | usd |
CY2022Q4 | us-gaap |
Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
|
225219 | usd |
CY2023 | wstrf |
Kinetic Separation Intellectual Property Description
KineticSeparationIntellectualPropertyDescription
|
The Kinetic Separation intellectual property was acquired in Western’s acquisition of Black Range on September 16, 2015. Previously Black Range acquired its Kinetic Separation assets in the dissolution of a joint venture on March 17, 2015, through the acquisition of all the assets of the joint venture and received a 25-year license to utilize all of the patented and unpatented technology owned by the joint venture. The technology license agreement for patents and unpatented technology became effective as of March 17, 2015, for a period of 25 years, until March 16, 2040. | |
CY2014Q1 | wstrf |
Patent Term
PatentTerm
|
P20Y | |
CY2023Q4 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
562831 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
403705 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
198292 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
147910 | usd |
CY2023Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
761123 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
551615 | usd |
CY2021Q2 | us-gaap |
Other Commitment
OtherCommitment
|
78000 | usd |
CY2022Q2 | wstrf |
Uranium Conentrates
UraniumConentrates
|
125000 | lb |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7223609 | usd |
CY2022 | wstrf |
Uranium Price Per Pound
UraniumPricePerPound
|
57 | |
CY2022 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
4044083 | usd |
CY2021Q2 | wstrf |
Pounds Of Uranium
PoundsOfUranium
|
125000 | lb |
CY2021Q2 | wstrf |
Pounds Of Uranium Purchased
PoundsOfUraniumPurchased
|
32 | usd |
CY2021 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
4044083 | usd |
CY2021 | wstrf |
Pounds Of Uranium
PoundsOfUranium
|
125000 | lb |
CY2022 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
153247 | cad |
CY2022 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
122539 | usd |
CY2022Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
2.5 | |
CY2023 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
661912 | cad |
CY2023 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
488122 | usd |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
1.88 | |
CY2023 | wstrf |
Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
|
1004044 | usd |
CY2022 | wstrf |
Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
|
2620395 | usd |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
50002089 | shares |
CY2022Q1 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
|
P5Y | |
CY2023 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.6 | |
CY2023 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.17 | |
CY2022 | wstrf |
Cashless Exercise Of Stock Options
CashlessExerciseOfStockOptions
|
50000 | shares |
CY2023 | wstrf |
Cashless Exercise Of Stock Options
CashlessExerciseOfStockOptions
|
50000 | shares |
CY2023Q4 | us-gaap |
Share Price
SharePrice
|
1.56 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
1.6 | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0406 | pure |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P2Y7M6D | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0.72 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0.72 | |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
429429 | usd |
CY2023Q4 | wstrf |
Unamortized Stock Option Expense
UnamortizedStockOptionExpense
|
975101 | usd |
CY2022Q4 | wstrf |
Unamortized Stock Option Expense
UnamortizedStockOptionExpense
|
364095 | usd |
CY2023 | wstrf |
Mining Costs
MiningCosts
|
1453063 | usd |
CY2022 | wstrf |
Mining Costs
MiningCosts
|
471622 | usd |
CY2023 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
1383074 | usd |
CY2023 | wstrf |
Payments To Acquire Mining Permits
PaymentsToAcquireMiningPermits
|
107989 | usd |
CY2022 | wstrf |
Payments To Acquire Mining Permits
PaymentsToAcquireMiningPermits
|
282851 | usd |
CY2023 | wstrf |
Royalties
Royalties
|
7453 | usd |
CY2022 | wstrf |
Royalties
Royalties
|
7860 | usd |
CY2023 | wstrf |
Mining Expenditure
MiningExpenditure
|
2951579 | usd |
CY2022 | wstrf |
Mining Expenditure
MiningExpenditure
|
762333 | usd |
CY2023Q4 | us-gaap |
Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
|
340650 | usd |
CY2022Q4 | us-gaap |
Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
|
340252 | usd |
CY2023 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
71700 | usd |
CY2022 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
55198 | usd |
CY2023 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
25800 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
6985894 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
5708411 | usd |
CY2023Q4 | wstrf |
Deferred Tax Assets Marketable Securities
DeferredTaxAssetsMarketableSecurities
|
13646 | usd |
CY2022Q4 | wstrf |
Deferred Tax Assets Marketable Securities
DeferredTaxAssetsMarketableSecurities
|
16094 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
35681 | usd |
CY2023Q4 | wstrf |
Deferred Tax Assets Exploration Amortization
DeferredTaxAssetsExplorationAmortization
|
925249 | usd |
CY2022Q4 | wstrf |
Deferred Tax Assets Exploration Amortization
DeferredTaxAssetsExplorationAmortization
|
725959 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Unrealized Currency Losses
DeferredTaxAssetsUnrealizedCurrencyLosses
|
20192 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Unrealized Currency Losses
DeferredTaxAssetsUnrealizedCurrencyLosses
|
64761 | usd |
CY2023Q4 | wstrf |
Deferred Tax Assets Accretion Expense
DeferredTaxAssetsAccretionExpense
|
9899 | usd |
CY2022Q4 | wstrf |
Deferred Tax Assets Accretion Expense
DeferredTaxAssetsAccretionExpense
|
8639 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
7954880 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
6559545 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
5602952 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3688584 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
2351928 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
2870961 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
4758757 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
5314338 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
302058 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
265510 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
2708887 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
2708887 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3688584 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3488821 | usd |
CY2023 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
1914368 | usd |
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
199763 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
5602952 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3688584 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.038 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
-0.019 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
-0.374 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Contingencies Other
EffectiveIncomeTaxRateReconciliationTaxContingenciesOther
|
0 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Contingencies Other
EffectiveIncomeTaxRateReconciliationTaxContingenciesOther
|
-0.01 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
0.244 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
0.329 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.403 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.193 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.032 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
5602952 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3688584 | usd |
CY2023 | us-gaap |
Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
|
Internal Revenue Code (“IRC”) Section 382 imposes limitations on the use of net operating loss carryovers when the share ownership of one or more 5% shareholders (shareholders owning 5% or more of the Company’s outstanding capital stock) has increased on a cumulative basis over a period of three years by more than 50 percentage points. | |
CY2023 | wstrf |
Working Capital
WorkingCapital
|
8970434 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
9217585 | usd |
CY2023Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
usd | |
CY2023Q4 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
||
CY2022Q4 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
||
CY2023 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
usd | |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
42815086 | shares |
CY2022 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | |
CY2023 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | |
CY2022 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
usd | |
CY2023 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
usd | |
CY2023 | us-gaap |
Increase Decrease In Payables To Customers
IncreaseDecreaseInPayablesToCustomers
|
usd | |
CY2022 | wstrf |
Increase Decrease In Reclamation Liability
IncreaseDecreaseInReclamationLiability
|
usd | |
CY2022 | wstrf |
Proceeds From Saleand Collectionof Note Receivable
ProceedsFromSaleandCollectionofNoteReceivable
|
usd | |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2022 | wstrf |
Notes Received In Exchange For Equipment Sold
NotesReceivedInExchangeForEquipmentSold
|
usd | |
CY2022 | wstrf |
Increase Decrease In Reclamation Liability
IncreaseDecreaseInReclamationLiability
|
usd | |
CY2022 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
usd | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
usd | |
CY2023 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2023 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001621906 | |
CY2023 | dei |
Security Exchange Name
SecurityExchangeName
|
NONE | |
CY2023 | dei |
Trading Symbol
TradingSymbol
|
WSTRF |