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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	25.35	26.11	0.63	0.25	2.26	3.33
Short-Term Investments	-	-	-	-	0	0
Cash & Short-Term Investments	25.35	26.11	0.63	0.25	2.26	3.33
Cash Growth	885.07%	4061.46%	152.64%	-89.03%	-32.07%	221.43%
Other Receivables	1.94	1.8	3.17	1.76	0.43	0.29
Receivables	1.94	1.8	3.17	1.76	0.43	0.29
Prepaid Expenses	0.78	0.53	0.36	0.54	0.24	0.23
Total Current Assets	28.08	28.45	4.16	2.55	2.93	3.86
Property, Plant & Equipment	50.06	48.07	50.29	49.93	42.15	37.44
Other Intangible Assets	6.86	6.99	7.53	8.07	8.09	8.09
Other Long-Term Assets	0.07	0.07	0.07	0.07	0.07	0.06
Total Assets	85.07	83.58	62.06	60.62	53.24	49.44
Accounts Payable	3.43	1.93	5.27	2.69	1.49	0.9
Short-Term Debt	8.03	6.88	-	-	-	-
Current Portion of Long-Term Debt	-	-	2.79	1.26	1.26	-
Current Portion of Leases	0.15	0.14	0.14	0.16	0.09	0.09
Current Unearned Revenue	-	-	-	0.34	-	-
Total Current Liabilities	11.61	8.94	8.2	4.45	2.83	0.99
Long-Term Debt	-	0.86	9.33	4.12	2.18	2.33
Long-Term Leases	2.61	2.62	2.88	2.97	-	0.09
Total Liabilities	14.22	12.42	20.41	11.55	5.02	3.42
Common Stock	170.68	161.92	92.88	90.78	86.69	84.25
Additional Paid-In Capital	29.66	29.58	29.91	28.91	25.78	24.03
Retained Earnings	-141.12	-135.96	-96.58	-82.4	-74.79	-69.33
Comprehensive Income & Other	11.62	15.62	15.43	11.78	10.54	7.07
Shareholders' Equity	70.84	71.16	41.64	49.08	48.22	46.03
Total Liabilities & Equity	85.07	83.58	62.06	60.62	53.24	49.44
Total Debt	10.79	10.5	15.14	8.52	3.53	2.51
Net Cash (Debt)	14.56	15.62	-14.51	-8.27	-1.26	0.82
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	0.15	0.18	-0.23	-0.14	-0.03	0.02
Filing Date Shares Outstanding	116.44	116.35	73.51	61.82	56.14	49.08
Total Common Shares Outstanding	116.39	111.34	66.88	61.82	56.14	49.08
Working Capital	16.46	19.5	-4.04	-1.9	0.1	2.86
Book Value Per Share	0.61	0.64	0.62	0.79	0.86	0.94
Tangible Book Value	63.98	64.16	34.11	41	40.13	37.94
Tangible Book Value Per Share	0.55	0.58	0.51	0.66	0.71	0.77
Machinery	7.5	7.5	7.5	7.71	2.84	0.47
Construction In Progress	3.57	1.52	0.66	0.53	-	-