Apparently WUC has no plans to undertake any significant activities this year to commence production from any of its uranium assets. From WUC's amended listing statement filed April 30, 2015:
6.20 The Issuer had negative cash flow from operations for its most recently
completed fiscal period. At December 31, 2014 the Issuer had cash and cash
equivalents of approximately $173,000.
On February 4, 2015, the Company completed a private placement raising
gross proceeds of CAD $1,760,000 (USD $1,453,602). These proceeds will be
used to fund the company’s 2015 operating expenditures and debt service
budgeted at approximately $1,250,000
This budget provides for the Issuer to continue its development of the Assets,
and assumes that no significant activities are undertaken during the
corresponding period to commence production from any of the Assets. If the
Issuer determines to start production at one of the Assets earlier than planned,
it is anticipated that the required funding would have to be raised through
private placements of the Issuer’s securities.
