Core Insights - CanAlaska Uranium Ltd. has confirmed additional high-grade unconformity-associated uranium mineralization at the Pike Zone through recent geochemical assays [1][3][4] - The summer 2024 drill program at the West McArthur project revealed significant uranium intersections, including 17.0 metres at 10.81% U3O8 and 6.5 metres at 10.05% U3O8 [1][3][4] - The ongoing 2025 winter exploration program aims to expand and delineate the high-grade Pike Zone uranium discovery, with three drills currently active [35][37] Company Overview - CanAlaska Uranium is a leading explorer of uranium in the Athabasca Basin, holding approximately 500,000 hectares of uranium properties [39] - The company operates the West McArthur project in joint venture with Cameco Corporation, holding an 85.97% ownership [1][39] - CanAlaska is fully financed for the 2025 drill season and focuses on Tier 1 uranium deposit discovery in a secure jurisdiction [39] Exploration and Drilling Results - The summer 2024 drill program consisted of 12 unconformity tests, with 11 containing uranium mineralization, indicating a strike length of approximately 200 metres [3][4] - Significant drillhole results include WMA082-12 with 17.0 metres at 10.81% U3O8 and WMA094-02 with 6.5 metres at 10.05% U3O8, including high-grade intervals [1][3][4] - The 2025 winter program is expected to achieve around 25 unconformity target intersections, optimizing drilling efficiency through advanced technology [36] Future Plans and Events - CanAlaska will showcase at the Swiss Mining Institute Conference on March 18th and 19th, 2025, to present its exploration progress [38] - The company plans to complete the winter portion of the 2025 exploration program by April [36]

Core Insights - CanAlaska Uranium Ltd. announced significant results from its ongoing winter diamond drill program at the Pike Zone, highlighting an ultra high-grade uranium intersection of 14.5 metres at 12.20% eU3O8, including 5.0 metres at 34.38% eU3O8, marking the best results to date for the project [1][2][4] Company Overview - CanAlaska Uranium Ltd. holds an 85.97% ownership in the West McArthur Joint Venture Project, which is operated in partnership with Cameco Corporation [1][4] - The company is focused on the exploration and discovery of high-grade unconformity uranium deposits in Canada's Athabasca Basin, with a landholding of approximately 500,000 hectares [21][22] Exploration Program Details - The 2025 winter exploration program aims to expand and delineate the ultra high-grade Pike Zone uranium discovery, located 20 km west of Cameco's McArthur River mine site [4][8] - Three drills are currently active, with one drill focusing on step-outs to the east, confirming the extension of high-grade mineralization [5][6] - The program is expected to achieve around 25 unconformity target intersections, utilizing advanced drilling technologies to enhance efficiency and accuracy [8] Drill Results - Drillhole WMA076-01 reported 14.5 metres at 12.20% eU3O8, with a notable section of 5.0 metres at 34.38% eU3O8, expanding the ultra high-grade footprint by at least 15 metres to the east [1][15] - Additional drillholes, such as WMA094-04, confirmed continuity of high-grade mineralization with 4.9 metres at 3.04% eU3O8, including 1.5 metres at 8.87% eU3O8 [6][16] - The ongoing drilling program is designed to evaluate mineralization continuity and identify additional high-grade zones within the Pike Zone [7][8]

Core Points - CanAlaska Uranium Ltd. has completed a bought deal private placement of 8,400,000 flow-through shares at a price of $1.19 per share, resulting in gross proceeds of $9,996,000 [2][3] - The offering was led by Cormark Securities Inc. and included Desjardins Capital Markets, with a total cash commission of $599,760 paid to the underwriters [3] - The proceeds will be used for eligible Canadian exploration expenses related to the company's projects in Saskatchewan, with all qualifying expenditures to be renounced in favor of the subscribers effective December 31, 2024 [5] Company Overview - CanAlaska Uranium Ltd. is a Canadian exploration company focused on high-grade unconformity uranium deposits, holding interests in approximately 500,000 hectares in Canada's Athabasca Basin [7] - The company is advancing the Pike Zone discovery on its West McArthur Joint Venture project and has several other uranium-focused exploration programs [7] - CanAlaska employs a hybrid project generator model, acquiring and selling prospective projects while executing exploration programs on strategic land holdings [7]

Core Viewpoint - CVD Equipment Corporation reported strong revenue growth in Q3 2024, driven by increased demand in aerospace and defense sectors, despite facing challenges in inventory and market dynamics [2][8]. Financial Performance - Revenues for Q3 2024 reached $8.2 million, marking a 31.4% increase year over year [2]. - Gross profit improved to $1.8 million, a 14.8% increase from the previous year, although gross margin declined to 22.4% from 25.6% due to a $1 million inventory charge [3]. - The company achieved a net income of $0.2 million, or $0.03 per diluted share, compared to a net loss of $0.8 million, or $0.11 per share, a year earlier [3]. Backlog and Bookings - The backlog as of September 30, 2024, was $19.8 million, down from $24 million on June 30, 2024, but up from $18.4 million on December 31, 2023 [4]. - Total bookings for the quarter were $4.1 million, slightly lower than the $4.4 million recorded in the same quarter last year [4]. Segment Performance - CVD Equipment segment revenues rose 18.5% to $5.7 million, accounting for 69.3% of total revenues, driven by aerospace contract activities [5]. - SDC segment revenues grew 27.5% year over year to $2 million, representing 22.6% of total revenues, due to increased demand for gas delivery systems [5]. - CVD Materials segment revenues surged 634.4% year over year to $0.7 million, driven by final sales to an aerospace company [6]. Management Insights - CEO Emmanuel Lakios highlighted the strategic importance of the first shipment of the PVT200 system for 200mm silicon carbide wafer production, reflecting industry trends [7]. - Management noted ongoing growth in aerospace and defense markets, supported by a $3.5 million order for CVI/CVI3500 systems [7]. - The company is focused on improving profitability and customer engagement despite challenges from inventory adjustments and market shifts [7]. Market Dynamics - The quarter benefited from increased demand in aerospace and defense, particularly for Ceramic Matrix Composites, which are essential for reducing fuel consumption in jet engines [8]. - Challenges included overcapacity and declining prices in the silicon carbide market, impacting PVT150 systems [8]. Future Outlook - Management did not provide explicit financial guidance but expressed confidence in sustaining operations over the next 12 months, supported by a cash balance of $10 million and a backlog of orders [9]. - The company acknowledged potential revenue fluctuations due to variable order timing and emerging market dynamics [9]. - CVD Equipment emphasized disciplined cost management and focused R&D investment to support future growth, particularly in expanding its silicon carbide product portfolio [10]. Other Developments - During the quarter, CVD Equipment finalized the wind-down of its MesoScribe subsidiary, recognizing a $0.6 million gain from the sale of equipment, aligning with a strategy to focus on high-growth markets [11].

Financial Data and Key Metrics Changes - The company's revenue for Q3 2024 was $8.2 million, a 31.4% increase from the prior year and a 29.1% increase compared to Q2 2024, while year-to-date revenue was $19.5 million, down 2.8% from the prior year period [7][13] - Gross profit for Q3 2024 was $1.8 million, with a gross profit margin of 22.4%, compared to a gross profit of $1.6 million and a margin of 25.6% in Q3 2023 [18] - Operating income for Q3 2024 was $77,000, compared to an operating loss of $1 million in Q3 2023 [20] - Net income for Q3 2024 was $209,000, or $0.03 per share, compared to a net loss of $753,000, or $0.30 per share in Q3 2023 [21] Business Line Data and Key Metrics Changes - Revenue from the CVD Equipment segment increased by $0.9 million, or 18.5%, compared to the prior year quarter, primarily due to higher revenues from aerospace contracts [14][16] - The SDC segment saw a revenue increase of 27.5% compared to Q3 2023, driven by strong demand for gas delivery systems [16] - The MesoScribe subsidiary ceased operations effective September 30, 2024, after fulfilling its final orders, contributing a gain of $0.6 million from the sale of equipment [15] Market Data and Key Metrics Changes - Orders for Q3 2024 were $4.1 million, primarily driven by demand in the CVD segment, with total orders for the first nine months of 2024 at $21 million, up from $19.9 million in the same period of 2023 [9] - The backlog as of September 30, 2024, was $19.8 million, a 7.6% increase from the year-end backlog of 2023 [10] Company Strategy and Development Direction - The company aims to build critical customer relationships, achieve profitability, manage cash flow and costs, while focusing on growth and return on investment [12] - The company is addressing overcapacity and declining wafer prices in the 150-millimeter silicon carbide market by transitioning to 200-millimeter production [11] Management's Comments on Operating Environment and Future Outlook - Management noted that revenue and order levels fluctuate due to the nature of emerging growth end markets [23] - The company believes that cash and cash equivalents, along with projected cash flow from operations, will be sufficient to meet working capital and capital expenditure requirements for the next 12 months [24] Other Important Information - The company recorded a non-cash charge of approximately $1 million to reduce the net realizable value of PVT150 inventory due to market conditions [17] - Working capital at September 30, 2024, was $13.3 million, down from $14.3 million at the end of December 2023 [22] Q&A Session Summary Question: Can you disclose the type of clients you have? - The company has NDAs with customers that prevent disclosing specific details about them, but it can confirm that one client is a leading gas turbine engine manufacturer and another is involved in electric vehicles [26][28] Question: Can you mention the type of company besides the name? - The company confirmed that the aerospace client manufactures gas turbine engines and the EV client produces silicon carbide wafers [29]

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 ...