Western Uranium Q2 FY26 net loss narrows 40.98% to $1.16 million; revenue rises to $199,528 - WSTRF News | RalliesWestern Uranium Q2 FY26 net loss narrows 40.98% to $1.16 million; revenue rises to $199,528
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WSTRF• Q2 results improve as revenue increases
- Western Uranium & Vanadium posted a Q2 net loss of $1.16 million, narrowing from $1.97 million a year earlier.
- Revenue rose to $199,528 from $30,509, on $167,111 tied to higher final assayed grades on 2025 ore sales.
- Operating loss narrowed to $1.21 million from $1.98 million as mining expenditures fell 47% to $607,934.
Costs rise in consulting and licensing work
- Consulting fees climbed to $189,857 from $75,636 on higher mill licensing activity and baseline data collection.
Mustang plant development remains the priority
- Mustang plant development remained the priority; processing is targeted to start in 2029, with a Colorado license application due by end-2026.
