US Oil Sands Inc. reported audited consolidated financial results for the twelve months period ended December 31, 2014. For the period, the company reported cash used in operations of CAD 5,890,390 against CAD 4,980,923 a year ago. Net loss was CAD 4,913,417 or CAD 0.01 per basic and diluted share against CAD 7,747,681 or CAD 0.02 per basic and diluted share a year ago.

As at December 31, 2014, the Company had commitments for capital expenditures USD 4,100,206, all related to the PR Spring Project and in 2014, invested USD 12.2 million.