WUC just released its Q3 financials. Just less than a half million in cash, but a burn rate of $160k per month, trade accounts payable of $575k, accrued liabilities of $218k, and the Nueco ($189k) and Siebel ($108k) loans are both in default. In other words, WUC is insolvent.
At least two million needed to commence production, as well as a U term price of $45/lb., a new milling agreement with White Mesa, receipt of modified mining permits, and receipt of any required ablation licensing.
Tough few months ahead for Mr. Glasier, et al.
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