Ucore Rare Metals Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	19.32	0.63	0.25	2.26	3.33	1.01
Short-Term Investments	-	-	-	0	0	0.03
Cash & Short-Term Investments	19.32	0.63	0.25	2.26	3.33	1.04
Cash Growth	5203.50%	152.64%	-89.03%	-32.07%	221.43%	-63.17%
Other Receivables	0.94	3.17	1.76	0.43	0.29	0.15
Receivables	0.94	3.17	1.76	0.43	0.29	0.15
Prepaid Expenses	0.3	0.36	0.54	0.24	0.23	0.22
Total Current Assets	20.56	4.16	2.55	2.93	3.86	1.41
Property, Plant & Equipment	48.26	50.29	49.93	42.15	37.44	37.14
Other Intangible Assets	7.13	7.53	8.07	8.09	8.09	8.09
Other Long-Term Assets	0.07	0.07	0.07	0.07	0.06	0.06
Total Assets	76.02	62.06	60.62	53.24	49.44	46.7
Accounts Payable	2.49	5.27	2.69	1.49	0.9	0.74
Short-Term Debt	-	-	-	-	-	1.17
Current Portion of Long-Term Debt	13.87	2.79	1.26	1.26	-	-
Current Portion of Leases	0.16	0.14	0.16	0.09	0.09	0.08
Current Unearned Revenue	-	-	0.34	-	-	-
Total Current Liabilities	16.53	8.2	4.45	2.83	0.99	1.99
Long-Term Debt	9.23	9.33	4.12	2.18	2.33	3.12
Long-Term Leases	2.62	2.88	2.97	-	0.09	0.18
Total Liabilities	28.38	20.41	11.55	5.02	3.42	5.28
Common Stock	128.54	92.88	90.78	86.69	84.25	75.97
Additional Paid-In Capital	29.81	29.91	28.91	25.78	24.03	22.8
Retained Earnings	-128.15	-96.58	-82.4	-74.79	-69.33	-63.81
Comprehensive Income & Other	17.44	15.43	11.78	10.54	7.07	6.46
Shareholders' Equity	47.65	41.64	49.08	48.22	46.03	41.41
Total Liabilities & Equity	76.02	62.06	60.62	53.24	49.44	46.7
Total Debt	25.89	15.14	8.52	3.53	2.51	4.54
Net Cash (Debt)	-6.57	-14.51	-8.27	-1.26	0.82	-3.5
Net Cash Per Share	-0.09	-0.23	-0.14	-0.03	0.02	-0.09
Filing Date Shares Outstanding	107.41	73.51	61.82	56.14	49.08	49.08
Total Common Shares Outstanding	96.78	66.88	61.82	56.14	49.08	41.05
Working Capital	4.03	-4.04	-1.9	0.1	2.86	-0.58
Book Value Per Share	0.49	0.62	0.79	0.86	0.94	1.01
Tangible Book Value	40.52	34.11	41	40.13	37.94	33.32
Tangible Book Value Per Share	0.42	0.51	0.66	0.71	0.77	0.81
Machinery	7.5	7.71	7.71	2.84	0.47	0.42
Construction In Progress	0.91	0.66	0.53	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.