Revenue Performance - Total revenue for the three months ended September 30, 2024, was $8,194,000, representing a 31.7% increase from $6,234,000 in the same period of 2023[7]. - For the nine months ended September 30, 2024, consolidated revenue was $19,462,000, a decrease from $19,998,000 in the same period of 2023[70]. - The CVD Equipment segment reported revenue of $5,681,000 for the three months ended September 30, 2024, compared to $4,795,000 in the same period of 2023, representing a growth of 18.5%[66]. - Revenue for the CVD Equipment segment in Q3 2024 was $5,681,000, compared to $4,795,000 in Q3 2023, reflecting an increase of 18.43%[66]. - For the three months ended September 30, 2024, total revenue was $8.194 million, with $6.263 million recognized over time and $1.931 million recognized at a point in time[40]. - For the nine months ended September 30, 2024, total revenue was $19.462 million, with $15.788 million recognized over time and $3.674 million recognized at a point in time[42]. Profitability - Net income for the three months ended September 30, 2024, was $203,000, compared to a net loss of $753,000 in the same period of 2023[7]. - The company reported a gross profit of $1.835 million for the three months ended September 30, 2024, compared to $1.598 million for the same period in 2023, indicating an increase of approximately 14.8%[7]. - The CVD Materials segment reported an operating income of $1,104,000 for the three months ended September 30, 2024, compared to an operating loss of $(35,000) in the same period of 2023, a significant turnaround[66]. - The company recorded an operating loss of $736,000 for the CVD Equipment segment in Q3 2024, compared to an operating loss of $323,000 in Q3 2023[66]. - The company reported a net loss of $2,030,000 for the nine months ended September 30, 2024, compared to a net loss of $1,906,000 for the same period in 2023, indicating a year-over-year increase in losses of approximately 6.5%[10]. Expenses and Costs - Gross profit for the nine months ended September 30, 2024, was $4,304,000, down 20.5% from $5,419,000 in the same period of 2023[7]. - Research and development expenses for the nine months ended September 30, 2024, increased to $2,055,000, up 10.2% from $1,865,000 in the same period of 2023[7]. - Stock-based compensation increased to $801,000 for the nine months ended September 30, 2024, up from $647,000 in the same period of 2023, representing a growth of approximately 24%[10]. - The company recognized a provision for excess and obsolete inventory amounting to $1,253,000 for the nine months ended September 30, 2024, compared to $197,000 in the same period of 2023, indicating a significant increase in inventory-related concerns[10]. - The company recorded a depreciation and amortization expense of $476,000 for the third quarter of 2024, down from $545,000 in the same quarter of 2023[10]. Assets and Liabilities - Total current assets decreased to $19,927,000 as of September 30, 2024, from $22,841,000 as of December 31, 2023, a decline of 12.6%[5]. - Total liabilities decreased to $6,872,000 as of September 30, 2024, from $8,822,000 as of December 31, 2023, a reduction of 22.0%[6]. - The company reported a total stockholders' equity of $24,974,000 as of September 30, 2024, down from $26,203,000 as of December 31, 2023[6]. - The total assets decreased from $35.025 million as of December 31, 2023, to $31.846 million as of September 30, 2024, reflecting a decline of approximately 9.4%[5][6]. - Cash and cash equivalents decreased to $10,005,000 as of September 30, 2024, from $14,025,000 as of December 31, 2023, a decline of 28.6%[5]. Cash Flow - Net cash used in operating activities was $3,740,000 for the third quarter of 2024, compared to only $76,000 in the same quarter of 2023, highlighting a substantial increase in cash outflow[10]. - The company anticipates that its existing cash and cash equivalents, along with future income from operations, will be sufficient to meet its working capital and capital equipment requirements over the next 12 months[15]. - The company experienced a net cash used in operating activities of $3,740,000 for the nine months ended September 30, 2024, compared to only $76,000 for the same period in 2023, indicating a significant increase in cash outflow[10]. Shareholder Information - The company had 6,881,838 shares outstanding as of September 30, 2024, an increase from 6,824,511 shares as of December 31, 2023[6]. - Basic weighted average common shares outstanding for the three months ended September 30, 2024, were 6,825,495, compared to 6,789,487 for the same period in 2023[52]. - The balance of common shares increased to 6,881,838 as of September 30, 2024, from 6,820,655 as of September 30, 2023, reflecting an increase of approximately 0.9%[8]. Inventory Management - Inventories decreased from $4.454 million at December 31, 2023, to $2.558 million at September 30, 2024, with a non-cash charge of approximately $1.0 million recorded to reduce the net realizable value of inventory[48][49]. - The company recorded a non-cash charge of approximately $1.0 million to reduce the net realizable value of inventory based on current market assessments[49]. - Total inventories decreased from $4.454 million as of December 31, 2023, to $2.558 million as of September 30, 2024[48]. Segment Performance - The company recorded a net gain of $625,000 on the sale of equipment during the nine months ended September 30, 2024[7]. - MesoScribe subsidiary generated revenues of $0.7 million and a net loss of $1.1 million for the three months ended September 30, 2024, with total assets of $0.8 million and total liabilities of $0.1 million[78]. - The company recorded a net gain of $0.6 million from the sale of MesoScribe equipment during the three and nine months ended September 30, 2024[76].

Financial Performance - CVD Equipment Corporation reported third quarter 2024 revenue of $8.2 million, a 31.4% increase year over year[2]. - Operating income for the third quarter was $77,000, compared to an operating loss of $1.0 million in the prior year third quarter[8]. - Net income for the third quarter was $0.2 million, or $0.03 per basic and diluted share, compared to a net loss of $0.8 million, or $0.30 per basic and diluted share, in the prior year[8]. - Cash and cash equivalents as of September 30, 2024, were $10.0 million, down from $14.0 million as of December 31, 2023[8]. Orders and Backlog - The backlog as of September 30, 2024, was $19.8 million, up from $18.4 million at December 31, 2023, but down from $24.0 million at June 30, 2024[3]. - Orders for the third quarter were $4.1 million, consistent with the prior year third quarter[4]. - CVD Equipment Corporation received a $3.5 million follow-on order for its CVI/CVD3500 system from an existing aerospace customer in early November[2]. Market and Product Development - The company recognized a $1.0 million non-cash charge to reduce PVT150 inventory to net realizable value due to market changes[3]. - The silicon carbide market remains dynamic, with ongoing overcapacity and declining wafer pricing, but CVD is progressing with the shipment of its first PVT200 system[2]. - The company continues to invest in research and development and sales and marketing, focusing on aerospace & defense, high power electronics, and EV battery materials[4].

Core Points - CanAlaska Uranium Ltd. has signed an exploration agreement with English River First Nation to enhance their relationship and promote sustainable development in the Athabasca Basin [3][4]. - The agreement reflects CanAlaska's commitment to ethical resource management and collaboration with local communities, particularly in areas that overlap with the traditional lands of the English River First Nation [4][6]. - English River First Nation emphasizes the importance of land stewardship and aims to work cooperatively with exploration and mining companies to protect their ancestral territory [4][7]. Company Overview - CanAlaska Uranium Ltd. holds approximately 500,000 hectares (1,235,000 acres) in the Athabasca Basin, focusing on high-grade unconformity uranium deposits [9]. - The company is advancing the Pike Zone discovery, a new high-grade uranium find in its West McArthur Joint Venture project [9]. - CanAlaska employs a hybrid project generator model, acquiring and selling prospective projects while executing exploration programs on strategic land holdings [9][10]. Community Engagement - The English River First Nation, known as 'people of the river,' is dedicated to land stewardship and the education of future generations, guided by the knowledge of their Elders [7][8]. - The agreement with CanAlaska is seen as a step towards mutual respect and prosperity, as expressed by Chief Alfred Dawatsare of the English River First Nation [5][6].

Company Overview - CVD Equipment Corp specializes in manufacturing chemical vapor deposition equipment, custom gas control systems, one-dimensional nanostructure synthesis, and other related equipment primarily for semiconductor production [4] - The company operates through divisions including CVD Equipment, CVD Materials, and Stainless Design Concepts, with the CVD Equipment division generating the most revenue [4] Financial Performance - CVD Equipment Corp reported a revenue of $6.35 million but incurred a net loss of $761,000, resulting in an earnings per share of -$0.11 [2] - The company's gross profit was $1.61 million, and it currently has a price-to-earnings ratio of -4.23 [2] Stock Performance - The stock price of CVD Equipment Corp increased by 5.30%, reaching $3.38, with a trading volume of 6,116 shares and a turnover rate of 0.09% [1] - The stock experienced a price fluctuation of 2.80% during trading [1] Industry Context - Within the commercial equipment services sector, there was an overall decline of 0.01% [3] - Notable performers in the sector included Ocean Power Technologies, Inc., Zjk Industrial Co., Ltd., and Nuburu, Inc., which experienced substantial gains [3] - Active stocks in the sector included Nano Nuclear Energy Inc., Laser Photonics Corporation, and Ocean Power Technologies, Inc., with turnover rates of 12.78%, 7.23%, and 3.93% respectively [3] - The most volatile stocks in the sector were Laser Photonics Corporation, Schmid Group N.V. C/Wts 30/04/2029 (To Pur Com), and Schmid Group N.V., with amplitude rates of 21.25%, 19.90%, and 18.48% respectively [3]

. . CanAlaska Announces Start of Drill Program at Waterbury East Uranium Project October 02, 2024 7:30 AM EDT | Source: CanAlaska Uranium Ltd. Modern Airborne VTEM Survey Highlights New Target Areas Drill Program is Fully Partner-Funded Under an Option Agreement Vancouver, British Columbia--(Newsfile Corp. - October 2, 2024) - Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) ("CanAlaska" or the "Company") is pleased to announce mobilization of drill crews and equipment as part of the 2024 drill program on ...

Core Insights - CanAlaska Uranium Ltd. has reported significant high-grade uranium mineralization at the Pike Zone, with notable intersections including 3.88% eU3O8 over 13.2 metres and 23.22% eU3O8 over 2.0 metres [2][4][6] - The summer drill program has confirmed a high-grade footprint extending over 100 metres at the unconformity, indicating potential for additional ultra high-grade uranium zones [2][6][8] - CanAlaska holds an 83.35% ownership in the West McArthur Joint Venture project, which is operated in partnership with Cameco Corporation [2][4] Company Developments - The summer drill program consisted of 15 unconformity tests, with 12 tests at the Pike Zone, 11 of which contained uranium mineralization [5][6] - The company has nearly $12 million in treasury, allowing for the development of the 2025 exploration program and budget [4][14] - CanAlaska is actively engaged in the budget process for the 2025 exploration program, with geochemical assay results from the summer 2024 program pending [14][27] Geological Insights - The Pike Zone's mineralization has a strike length of approximately 200 metres, remaining open in all directions, with the nearest drill hole over 1 kilometre away [6][7] - The drillholes WMA094-1, WMA094-2, and WMA094-3 have confirmed high-grade uranium mineralization associated with graphitic stratigraphy and multiple intervals of unconformity and basement-hosted uranium mineralization [8][19][20] - Additional drillholes along the geophysical target corridor to the east of the Pike Zone have shown encouraging results, indicating structural re-activation along the graphitic stratigraphy [13][22] Future Outlook - The company is focused on following up on the recent drilling results and expanding its exploration efforts in the Athabasca Basin [4][14] - CanAlaska is utilizing a hybrid project generator model, which includes both the acquisition and sale of prospective projects while executing exploration programs on strategic land holdings [27]

. . Early Warning Report Issued Pursuant to National Instrument 62-103 in Respect of the Acquisition of Shares of Nexus Uranium Corp. (NEXU) September 23, 2024 7:30 AM EDT | Source: CanAlaska Uranium Ltd. Vancouver, British Columbia--(Newsfile Corp. - September 23, 2024) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) ("CanAlaska" or the "Company"). This news release is issued by CanAlaska pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider ...

Core Insights - CanAlaska Uranium Ltd. has reported significant high-grade uranium mineralization at the Pike Zone, with drillhole WMA082-12 intersecting 9.30% eU3O8 over 16.2 metres, including 13.61% eU3O8 over 10.9 metres [1][2] - The summer drill program aims to delineate and expand the ultra high-grade uranium discovery at the Pike Zone and is expected to achieve approximately 15 unconformity target intersections [11][12] - The West McArthur project, a joint venture with Cameco Corporation, is operated by CanAlaska, which holds an 83.35% ownership in the project [1][16] Drilling Results - Multiple drillholes have confirmed high-grade unconformity-associated uranium mineralization, with WMA082-11 intersecting 4.77% eU3O8 over 25.9 metres, including 6.30% eU3O8 over 16.3 metres [1][5] - Previous drillhole WMA082-8 reported 6.87% eU3O8 over 16.9 metres, indicating potential extensions of high-grade uranium mineralization at the Pike Zone [1][4] - The results from the summer program suggest the Pike Zone is part of a prolific uranium mineralizing corridor, which includes the high-grade Fox Lake uranium deposit [2] Geological Insights - The unconformity mineralization is repeatable along strike from the original discovery holes and remains open in all directions, including within the basement rocks below the unconformity [2][4] - Structural offsets along the C10S corridor indicate post-Athabasca Basin re-activation, which is significant for fluid movement and mineralization trapping [4][6] - The lower sandstone columns of the drillholes exhibit strong alteration and fault zones, which are associated with uranium mineralization [6][7][8] Company Overview - CanAlaska Uranium Ltd. focuses on the exploration and discovery of high-grade unconformity uranium deposits in Canada's Athabasca Basin, holding interest in approximately 500,000 hectares [16] - The company employs a hybrid project generator model, focusing on both the acquisition and sale of prospective projects while executing exploration programs on strategic land holdings [16] - CanAlaska's extensive portfolio has attracted international mining companies as active partners, enhancing its exploration capabilities [16]

Vancouver, British Columbia--(Newsfile Corp. - September 13, 2024) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) ("CanAlaska" or the "Company") is pleased to announce that it has closed its fully-subscribed non-brokered private placement (the "Offering") previously announced on September 6, 2024. Under the Offering, the Company has issued 7,692,307 common shares for gross proceeds of $4,999,999.55. The Company paid a total of $249,999.98 in finder's fees in connection with the Offering. All ...

Vancouver, British Columbia--(Newsfile Corp. - September 6, 2024) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) ("CanAlaska" or the "Company") announces that it proposes to undertake a non-brokered private placement of up to 7,692,308 common shares (the "Shares") at a purchase price of $0.65 to raise total gross proceeds of up to $5,000,000.20 (the "Offering"). The gross proceeds received from the sale of the Shares will be used for work programs on the Company's exploration properties and ...