$WSTRF
Western Uranium & Vanadium Corp.

2024 Q3 Form 10-Q Financial Statement

#000121390024069136 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $52.98K $39.78K
YoY Change -40.57% -61.3%
Cost Of Revenue $1.385M
YoY Change
Gross Profit -$1.345M
YoY Change -1408.67%
Gross Profit Margin -3381.44%
Selling, General & Admin $1.367M
YoY Change 136.67%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $151.1K
YoY Change 181.19%
% of Gross Profit
Operating Expenses $2.355M $2.752M
YoY Change 98.09% 122.99%
Operating Profit -$2.302M -$2.712M
YoY Change 109.33% 139.73%
Interest Expense $83.60K
YoY Change 52.03%
% of Operating Profit
Other Income/Expense, Net $3.040K
YoY Change -1113.33%
Pretax Income -$2.626M
YoY Change 143.86%
Income Tax
% Of Pretax Income
Net Earnings -$2.241M -$2.626M
YoY Change 111.42% 143.86%
Net Earnings / Revenue -4230.14% -6599.94%
Basic Earnings Per Share -$0.04 -$0.05
Diluted Earnings Per Share -$0.04 -$0.05
COMMON SHARES
Basic Shares Outstanding 55.22M shares 55.22M shares
Diluted Shares Outstanding 55.22M shares 55.22M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.817M
YoY Change 33.66%
Cash & Equivalents $6.646M $8.816M
Short-Term Investments $420.00
Other Short-Term Assets $86.18K $45.40K
YoY Change -25.24% -59.73%
Inventory
Prepaid Expenses $205.6K $170.4K
Receivables
Other Receivables
Total Short-Term Assets $7.013M $9.108M
YoY Change 13.44% 31.54%
LONG-TERM ASSETS
Property, Plant & Equipment $15.69M
YoY Change 8.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $676.4K
YoY Change 0.01%
Total Long-Term Assets $25.90M $25.86M
YoY Change 4.95% 5.17%
TOTAL ASSETS
Total Short-Term Assets $7.013M $9.108M
Total Long-Term Assets $25.90M $25.86M
Total Assets $32.91M $34.96M
YoY Change 6.65% 10.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $626.1K
YoY Change 25.64%
Accrued Expenses $263.7K $144.4K
YoY Change 53.32% -11.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $838.5K $845.6K
YoY Change 28.41% 12.92%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $582.2K
YoY Change 3.24%
Total Long-Term Liabilities $582.2K
YoY Change 3.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $838.5K $845.6K
Total Long-Term Liabilities $582.2K
Total Liabilities $4.157M $4.137M
YoY Change 6.0% 2.86%
SHAREHOLDERS EQUITY
Retained Earnings -$26.16M -$23.92M
YoY Change 52.85% 48.99%
Common Stock $55.18M $55.03M
YoY Change 24.57% 25.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $28.75M $30.83M
YoY Change
Total Liabilities & Shareholders Equity $32.91M $34.96M
YoY Change 6.65% 10.97%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$2.241M -$2.626M
YoY Change 111.42% 143.86%
Depreciation, Depletion And Amortization $151.1K
YoY Change 181.19%
Cash From Operating Activities -$2.029M
YoY Change 155.05%
INVESTING ACTIVITIES
Capital Expenditures $626.6K
YoY Change -42.78%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$626.6K
YoY Change -42.78%
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
YoY Change
NET CHANGE
Cash From Operating Activities -2.029M
Cash From Investing Activities -626.6K
Cash From Financing Activities 0.000
Net Change In Cash -2.655M
YoY Change 40.46%
FREE CASH FLOW
Cash From Operating Activities -$2.029M
Capital Expenditures $626.6K
Free Cash Flow -$2.655M
YoY Change 40.46%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q2 us-gaap Treasury Stock Value
TreasuryStockValue
usd
CY2023Q4 us-gaap Treasury Stock Value
TreasuryStockValue
usd
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43602565 shares
CY2024Q2 us-gaap Common Stock Shares Authorized Unlimited
CommonStockSharesAuthorizedUnlimited
Unlimited
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Transition Report
DocumentTransitionReport
false
dei Entity Address Address Line1
EntityAddressAddressLine1
330 Bay Street
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 1400
dei Entity Address City Or Town
EntityAddressCityOrTown
Toronto
dei Entity Address Country
EntityAddressCountry
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
M5H 2S8
dei City Area Code
CityAreaCode
(970)
dei Local Phone Number
LocalPhoneNumber
864-2125
dei Security12b Title
Security12bTitle
N/A
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
55223113 shares
CY2024Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
8816459 usd
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
9217585 usd
CY2024Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
75075 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
75075 usd
CY2024Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
170442 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
382314 usd
CY2024Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
420 usd
CY2023Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
385 usd
CY2024Q2 us-gaap Other Assets Current
OtherAssetsCurrent
45397 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
131255 usd
CY2024Q2 us-gaap Assets Current
AssetsCurrent
9107793 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
9806614 usd
CY2024Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
676442 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
676369 usd
CY2024Q2 wstrf Property Plant Equipment And Mineral Properties Net
PropertyPlantEquipmentAndMineralPropertiesNet
15691934 usd
CY2023Q4 wstrf Property Plant Equipment And Mineral Properties Net
PropertyPlantEquipmentAndMineralPropertiesNet
14926289 usd
CY2024Q2 wstrf Ablation Intellectual Property
AblationIntellectualProperty
9488051 usd
CY2023Q4 wstrf Ablation Intellectual Property
AblationIntellectualProperty
9488051 usd
CY2024Q2 us-gaap Assets
Assets
34964220 usd
CY2023Q4 us-gaap Assets
Assets
34897323 usd
CY2024Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
770517 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
761123 usd
CY2024Q2 us-gaap Accrued Reclamation Costs Current
AccruedReclamationCostsCurrent
75057 usd
CY2023Q4 us-gaap Accrued Reclamation Costs Current
AccruedReclamationCostsCurrent
75057 usd
CY2024Q2 us-gaap Liabilities Current
LiabilitiesCurrent
845574 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
836180 usd
CY2024Q2 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
247592 usd
CY2023Q4 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
241562 usd
CY2024Q2 wstrf Deferred Tax Liability
DeferredTaxLiability
2708887 usd
CY2023Q4 wstrf Deferred Tax Liability
DeferredTaxLiability
2708887 usd
CY2024Q2 wstrf Deferred Contingent Considerations
DeferredContingentConsiderations
334650 usd
CY2023Q4 wstrf Deferred Contingent Considerations
DeferredContingentConsiderations
340650 usd
CY2024Q2 us-gaap Liabilities
Liabilities
4136703 usd
CY2023Q4 us-gaap Liabilities
Liabilities
4127279 usd
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
55223419 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
50002395 shares
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
55223113 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
50002089 shares
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
55026672 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
49661910 usd
CY2024Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
306 shares
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
306 shares
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-23920267 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-18817857 usd
CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-278888 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-74009 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
30827517 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
30770044 usd
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
34964220 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
34897323 usd
CY2024Q2 us-gaap Revenues
Revenues
39781 usd
CY2023Q2 us-gaap Revenues
Revenues
102789 usd
us-gaap Revenues
Revenues
94054 usd
us-gaap Revenues
Revenues
268764 usd
CY2024Q2 wstrf Mining Expenditure
MiningExpenditure
1384951 usd
CY2023Q2 wstrf Mining Expenditure
MiningExpenditure
656545 usd
wstrf Mining Expenditure
MiningExpenditure
2693830 usd
wstrf Mining Expenditure
MiningExpenditure
1261649 usd
CY2024Q2 us-gaap Professional Fees
ProfessionalFees
245187 usd
CY2023Q2 us-gaap Professional Fees
ProfessionalFees
171834 usd
us-gaap Professional Fees
ProfessionalFees
357877 usd
us-gaap Professional Fees
ProfessionalFees
258930 usd
CY2024Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
824868 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
405754 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1791113 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1019119 usd
CY2024Q2 wstrf Consulting Fees
ConsultingFees
296928 usd
wstrf Consulting Fees
ConsultingFees
490354 usd
wstrf Consulting Fees
ConsultingFees
737 usd
CY2024Q2 us-gaap Operating Expenses
OperatingExpenses
2751934 usd
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
1234133 usd
us-gaap Operating Expenses
OperatingExpenses
5333174 usd
us-gaap Operating Expenses
OperatingExpenses
2540435 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2712153 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1131344 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-5239120 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-2271671 usd
CY2024Q2 wstrf Accretion And Interestincome Expense Net
AccretionAndInterestincomeExpenseNet
86631 usd
CY2023Q2 wstrf Accretion And Interestincome Expense Net
AccretionAndInterestincomeExpenseNet
52185 usd
wstrf Accretion And Interestincome Expense Net
AccretionAndInterestincomeExpenseNet
136710 usd
wstrf Accretion And Interestincome Expense Net
AccretionAndInterestincomeExpenseNet
87481 usd
CY2023Q2 us-gaap Other Income
OtherIncome
2500 usd
us-gaap Other Income
OtherIncome
4000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-2625522 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-1076659 usd
us-gaap Net Income Loss
NetIncomeLoss
-5102410 usd
us-gaap Net Income Loss
NetIncomeLoss
-2180190 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-62520 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
51876 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-204879 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
58190 usd
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2688042 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1024783 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5307289 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2122000 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55223113 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43602565 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53888852 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43602565 shares
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
30770044 usd
CY2024Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-142359 usd
CY2024Q1 wstrf Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
4605458 usd
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
522862 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-2476888 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
33279117 usd
CY2024Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-62520 usd
CY2024Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
236442 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-2625522 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
30827517 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
29257908 usd
CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
6314 usd
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
252742 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-1103531 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
28413433 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
51876 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
98158 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-1076659 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
27486808 usd
us-gaap Profit Loss
ProfitLoss
-5102410 usd
us-gaap Profit Loss
ProfitLoss
-2180190 usd
us-gaap Depreciation
Depreciation
264366 usd
us-gaap Depreciation
Depreciation
97337 usd
wstrf Accretion Of Reclamation Liability
AccretionOfReclamationLiability
6030 usd
wstrf Accretion Of Reclamation Liability
AccretionOfReclamationLiability
5544 usd
us-gaap Share Based Compensation
ShareBasedCompensation
744650 usd
us-gaap Share Based Compensation
ShareBasedCompensation
350900 usd
wstrf Change In Marketable Securities
ChangeInMarketableSecurities
-35 usd
wstrf Change In Marketable Securities
ChangeInMarketableSecurities
274 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-297730 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-229505 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
9394 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
110612 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-32310 usd
wstrf Increase Decrease In Contingent Consideration
IncreaseDecreaseInContingentConsideration
6000 usd
wstrf Increase Decrease In Contingent Consideration
IncreaseDecreaseInContingentConsideration
7041 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3786275 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1425369 usd
us-gaap Payments To Acquire Mining Assets
PaymentsToAcquireMiningAssets
1030011 usd
us-gaap Payments To Acquire Mining Assets
PaymentsToAcquireMiningAssets
1718751 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1030011 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1718751 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
4605458 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4605458 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-190225 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
58190 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-401053 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3085930 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
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9567976 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7347608 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8816459 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6596184 usd
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
75075 usd
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
75057 usd
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
676442 usd
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
676367 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9567976 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7347608 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-2625522 usd
us-gaap Net Income Loss
NetIncomeLoss
-5102410 usd
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-23920267 usd
CY2024Q2 wstrf Working Capitals
WorkingCapitals
8262219 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
4605458 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
1.02
CY2023Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1.39
CY2023 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
5324988 usd
CY2023 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
7250000 cad
CY2023 wstrf Proceeds From Issuance Of Net Proceeds
ProceedsFromIssuanceOfNetProceeds
4836867 usd
CY2023 wstrf Proceeds From Issuance Of Net Proceeds
ProceedsFromIssuanceOfNetProceeds
6588089 cad
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of these condensed interim 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 condensed interim 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>
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10127073 shares
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13460076 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10127073 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13460076 shares
CY2024Q2 wstrf Property Plant And Equipment And Mineral Properties Gross
PropertyPlantAndEquipmentAndMineralPropertiesGross
16276835 usd
CY2023Q4 wstrf Property Plant And Equipment And Mineral Properties Gross
PropertyPlantAndEquipmentAndMineralPropertiesGross
15247940 usd
CY2024Q2 wstrf Accumulated Depreciation Property Plant And Equipment And Mineral Properties
AccumulatedDepreciationPropertyPlantAndEquipmentAndMineralProperties
584901 usd
CY2023Q4 wstrf Accumulated Depreciation Property Plant And Equipment And Mineral Properties
AccumulatedDepreciationPropertyPlantAndEquipmentAndMineralProperties
321651 usd
CY2024Q2 wstrf Property Plant And Equipment And Mineral Properties Net
PropertyPlantAndEquipmentAndMineralPropertiesNet
15691934 usd
CY2023Q4 wstrf Property Plant And Equipment And Mineral Properties Net
PropertyPlantAndEquipmentAndMineralPropertiesNet
14926289 usd
CY2024Q2 wstrf Kinetic Separation Intellectual Property
KineticSeparationIntellectualProperty
9488051 usd
CY2023Q4 wstrf Kinetic Separation Intellectual Property
KineticSeparationIntellectualProperty
9488051 usd
CY2024Q2 us-gaap Area Of Land
AreaOfLand
160 acre
CY2024Q2 us-gaap Payments To Acquire Royalty Interests In Mining Properties
PaymentsToAcquireRoyaltyInterestsInMiningProperties
39781 usd
CY2023Q2 us-gaap Payments To Acquire Royalty Interests In Mining Properties
PaymentsToAcquireRoyaltyInterestsInMiningProperties
102789 usd
us-gaap Payments To Acquire Royalty Interests In Mining Properties
PaymentsToAcquireRoyaltyInterestsInMiningProperties
94054 usd
us-gaap Payments To Acquire Royalty Interests In Mining Properties
PaymentsToAcquireRoyaltyInterestsInMiningProperties
268764 usd
CY2024Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
751517 usd
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
751444 usd
CY2024Q2 us-gaap Accrued Reclamation Costs Current
AccruedReclamationCostsCurrent
75057 usd
wstrf Reclamation Liability Discount Rate
ReclamationLiabilityDiscountRate
0.054 pure
CY2024Q2 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
247592 usd
CY2023Q4 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
241562 usd
CY2024Q2 wstrf Gross Reclamation Liabilities
GrossReclamationLiabilities
751517 usd
CY2023Q4 wstrf Gross Reclamation Liabilities
GrossReclamationLiabilities
751444 usd
CY2023Q4 wstrf Accrued Reclamation Costs
AccruedReclamationCosts
316619 usd
CY2022Q4 wstrf Accrued Reclamation Costs
AccruedReclamationCosts
300276 usd
wstrf Accretion Of Reclamation Liability
AccretionOfReclamationLiability
6030 usd
wstrf Accretion Of Reclamation Liability
AccretionOfReclamationLiability
5544 usd
CY2024Q2 wstrf Accrued Reclamation Costs
AccruedReclamationCosts
322649 usd
CY2023Q2 wstrf Accrued Reclamation Costs
AccruedReclamationCosts
305820 usd
CY2024Q2 us-gaap Accrued Reclamation Costs Current
AccruedReclamationCostsCurrent
75057 usd
CY2023Q2 us-gaap Accrued Reclamation Costs Current
AccruedReclamationCostsCurrent
75057 usd
CY2024Q2 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
247592 usd
CY2023Q2 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
230763 usd
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.
CY2024Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
626111 usd
CY2023Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
562831 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
144406 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
198292 usd
CY2024Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
770517 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
761123 usd
us-gaap Common Stock Voting Rights
CommonStockVotingRights
The holders of the Company’s common shares are entitled to one vote per share.
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
55223113 shares
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
228135 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
350900 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y4M2D
CY2024Q2 wstrf Mining Costs
MiningCosts
732981 usd
CY2023Q2 wstrf Mining Costs
MiningCosts
344983 usd
wstrf Mining Costs
MiningCosts
1352998 usd
wstrf Mining Costs
MiningCosts
621122 usd
CY2024Q2 wstrf Payments To Acquire Mining Permits
PaymentsToAcquireMiningPermits
37538 usd
CY2023Q2 wstrf Payments To Acquire Mining Permits
PaymentsToAcquireMiningPermits
26732 usd
wstrf Payments To Acquire Mining Permits
PaymentsToAcquireMiningPermits
63637 usd
wstrf Payments To Acquire Mining Permits
PaymentsToAcquireMiningPermits
54678 usd
CY2024Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
609132 usd
CY2023Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
284388 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
1271895 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
583254 usd
CY2024Q2 wstrf Royalties
Royalties
5300 usd
CY2023Q2 wstrf Royalties
Royalties
442 usd
wstrf Royalties
Royalties
5300 usd
wstrf Royalties
Royalties
2595 usd
CY2024Q2 wstrf Mining Expenditure
MiningExpenditure
1384951 usd
CY2023Q2 wstrf Mining Expenditure
MiningExpenditure
656545 usd
wstrf Mining Expenditure
MiningExpenditure
2693830 usd
wstrf Mining Expenditure
MiningExpenditure
1261649 usd
CY2024Q2 wstrf Deferred Contingent Considerations
DeferredContingentConsiderations
334650 usd
CY2023Q4 wstrf Deferred Contingent Considerations
DeferredContingentConsiderations
340650 usd
CY2024Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
26325 usd
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
17925 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
49850 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
35850 usd
CY2024Q2 wstrf Mining Equipment Purchased
MiningEquipmentPurchased
9000 usd
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
CY2023Q2 wstrf Consulting Fees
ConsultingFees
usd
us-gaap Other Income
OtherIncome
usd
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43602565 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53888852 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55223113 shares
CY2024Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001621906

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0001213900-24-069136-index-headers.html Edgar Link pending
0001213900-24-069136-index.html Edgar Link pending
0001213900-24-069136.txt Edgar Link pending
0001213900-24-069136-xbrl.zip Edgar Link pending
ea0211005-10q_western.htm Edgar Link pending
ea021100501ex31-1_western.htm Edgar Link pending
ea021100501ex31-2_western.htm Edgar Link pending
ea021100501ex32-1_western.htm Edgar Link pending
ea021100501ex95_western.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
ea0211005-10q_western_htm.xml Edgar Link completed
wstrf-20240630.xsd Edgar Link pending
wstrf-20240630_cal.xml Edgar Link unprocessable
wstrf-20240630_def.xml Edgar Link unprocessable
wstrf-20240630_lab.xml Edgar Link unprocessable
wstrf-20240630_pre.xml Edgar Link unprocessable