Ucore Rare Metals Cash Flow Statement

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
Net Income	-33.29	-13.47	-7.61	-5.47	-5.51	-5.53
Depreciation & Amortization	2.74	2.74	0.18	0.13	0.11	0.09
Loss (Gain) From Sale of Assets	-	-	-	-	-1.49	-
Loss (Gain) From Sale of Investments	-	-	0	-	-0.04	0
Stock-Based Compensation	1.34	0.59	1.48	0.75	0.4	0.41
Other Operating Activities	22.97	3.16	1.75	0.38	1.08	0.82
Change in Accounts Receivable	-0.37	-2.92	0.06	-0.03	-0.14	0.2
Change in Accounts Payable	-1.96	4.47	0.12	-0.22	0.16	0.19
Change in Unearned Revenue	-	-0.34	0.34	-	-	-
Change in Other Net Operating Assets	-0.15	0.09	-0.31	-0.01	-0	0.04
Operating Cash Flow	-8.71	-5.67	-3.98	-4.46	-5.43	-3.78
Capital Expenditures	-0.46	-0.78	-5.89	-2.42	-0.36	-0.24
Sale of Property, Plant & Equipment	-	-	-	-	1.49	-
Sale (Purchase) of Intangibles	-	-	-	-	-	-0.49
Investment in Securities	-	-	0	-	0.07	-
Other Investing Activities	-	-	-	-0.01	-	-
Investing Cash Flow	-0.46	-0.78	-5.89	-2.43	1.2	-0.72
Long-Term Debt Issued	-	5.98	2.98	2.63	-	2.8
Total Debt Issued	-	5.98	2.98	2.63	-	2.8
Long-Term Debt Repaid	-	-0.46	-0.1	-1.25	-0.08	-0.09
Net Debt Issued (Repaid)	-0.19	5.52	2.89	1.38	-0.08	2.71
Issuance of Common Stock	26.2	2.01	3.99	2.44	6.28	-
Other Financing Activities	2.12	-0.69	0.97	1.99	0.35	-0.01
Financing Cash Flow	28.13	6.83	7.85	5.82	6.55	2.7
Foreign Exchange Rate Adjustments	-0	0	0	0	0	0
Net Cash Flow	18.96	0.38	-2.01	-1.07	2.32	-1.8
Free Cash Flow	-9.17	-6.46	-9.86	-6.88	-5.79	-4.02
Free Cash Flow Per Share	-0.13	-0.10	-0.17	-0.14	-0.12	-0.10
Cash Interest Paid	2.02	1.1	0.02	0.01	0.03	0.01
Levered Free Cash Flow	-6.43	-4.19	-8.06	-4.23	-3.48	-2.66
Unlevered Free Cash Flow	-4.57	-2.64	-7.36	-3.9	-3.19	-2.36
Change in Working Capital	-2.47	1.3	0.21	-0.25	0.02	0.42

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.