----

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|   | [X] | QUARTERLY                  REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE                  ACT OF                  1934 |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------|

|   | [_] | TRANSITION                  REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE                  ACT OF                  1934 |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------|

Bancroft        Uranium Inc. 

| Nevada                                                                          | 94-3409449                                               |
|---------------------------------------------------------------------------------|----------------------------------------------------------|
| (State                  or other jurisdiction of incorporation or organization) | (I.R.S.                  Employer Identification Number) |
|                                                                            |                                                     |
| 8655                  East Via De Ventura, Suite G200                           |                                                     |
| Scottsdale,                  AZ                                                 | 85258                                                    |
| (Address                  of principal executive offices)                       | (Zip/Postal                  Code)                       |

----

| PART                    I. | FINANCIAL                  INFORMATION                                                                                                                                                                                                                                                      | 3      |
|--------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                 |                                                                                                                                                                                                                                                                                        |   |
| Item                   1        | Financial                  Statements                                                                                                                                                                                                                                                       | 3      |
|                                 | Condensed                  Balance Sheets (Unaudited) – September 30, 2007 and December 31,                  2006                                                                                                                                                                     | 3      |
|                                 | Condensed                  Statements of Operations for the Three and Nine Months ended September                  30,                  2007 and 2006 and for the Period from October 12, 2001 (Date of                  Inception)                  through September 30, 2007 (Unaudited) | 4      |
|                                 | Condensed                  Statements of Cash Flows for the Nine Months Ended September 30,                  2007 and                  2006 and for the Period from October 12, 2001 (Date of Inception)                  through                  September 30, 2007 (Unaudited)           | 5      |
|                                 | Notes                  to Condensed Financial Statements (Unaudited)                                                                                                                                                                                                                        | 6      |
| Item                   2        | Plan                  of Operation                                                                                                                                                                                                                                                          | 8      |
| Item                   3        | Controls                  and Procedures                                                                                                                                                                                                                                                    | 10     |
|                                 |                                                                                                                                                                                                                                                                                        |   |
| PART                    II | OTHER                  INFORMATION                                                                                                                                                                                                                                                          | 11     |
|                                 |                                                                                                                                                                                                                                                                                        |   |
| Item                   1        | Legal                  Proceedings                                                                                                                                                                                                                                                          | 11     |
| Item                   2        | Changes                  in Securities and Small Business Issuer Purchases of Equity                  Security                                                                                                                                                                              | 11     |
| Item                   3        | Defaults                  Upon Senior Securities                                                                                                                                                                                                                                            | 11     |
| Item                   4        | Submission                  of Matters to a Vote of Security Holders                                                                                                                                                                                                                        | 11     |
| Item                   5        | Other                  Information                                                                                                                                                                                                                                                          | 11     |
| Item                   6        | Exhibits                  and Reports on Form 8-K                                                                                                                                                                                                                                           | 11     |
|                                 |                                                                                                                                                                                                                                                                                        |   |
| Signature                            | 12                                                                                                                                                                                                                                                                                          |

----

Part        I - Financial Information 

**BANCROFT        URANIUM, INC.**

**(A        DEVELOPMENT STAGE COMPANY)**

**CONDENSED        BALANCE SHEETS**

**(Unaudited)**

|                                                                                                                                                |   | **September                  30,** |     |   | **December                  31,** |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------|----------|--------|-----------------------------------|--------|
|                                                                                                                                                |   | **2007**                           |     |   | **2006**                          |   |
| **ASSETS**                                                                                                                                          |   |                               |     |   |                              |   |
|                                                                                                                                                |   |                               |     |   |                              |   |
| CURRENT                  ASSETS                                                                                                                     |   |                               |     |   |                              |   |
| Cash                                                                                                                                                |   | $                                  | 149      |   |                              | $      | 2,143 |   |
|                                                                                                                                                |   |                               |     |   |                              |   |   |   |
| Total                  Assets                                                                                                                       |   | $                                  | 149      |   |                              | $      | 2,143 |   |
|                                                                                                                                                |   |                               |     |   |                              |   |   |   |
| **LIABILITIES                  AND STOCKHOLDERS' DEFICIT**                                                                                          |   |                               |     |   |                              |   |   |   |
|                                                                                                                                                |   |                               |     |   |                              |   |   |   |
|                                                                                                                                                |   |                               |     |   |                              |   |   |   |
| CURRENT                  LIABILITIES                                                                                                                |   |                               |     |   |                              |   |   |   |
| Accounts                  payable                                                                                                                   |   | $                                  | 7,285    |   |                              | $      | 4,669 |   |
| Related                  party payable                                                                                                              |   |                               | 6,365    |   |                              |   | - |   |
| Derivative                  liability                                                                                                               |   |                               | 23,050   |   |                              |   | - |   |
|                                                                                                                                                |   |                               |     |   |                              |   |   |   |
| Total                  Current Liabilities                                                                                                          |   |                               | 36,700   |   |                              |   | 4,669 |   |
|                                                                                                                                                |   |                               |     |   |                              |   |   |   |
| COMMITMENTS                  AND CONTINGENCIES                                                                                                      |   |                               |     |   |                              |   |   |   |
|                                                                                                                                                |   |                               |     |   |                              |   |   |   |
| STOCKHOLDERS'                  DEFICIT                                                                                                              |   |                               |     |   |                              |   |   |   |
|                                                                                                                                                |   |                               |     |   |                              |   |   |   |
| Common                  stock, par value $.001, 500,000,000 shares authorized, 500,000,000                  issued                  and outstanding |   |                               | 500,000  |   |                              |   | 500,000 |   |
| Par                  Value in excess of paid-in capital                                                                                             |   |                               | (454,050 | )      |                              |   | (431,000 | ) |
| Deficit                  accumulated during the development stage                                                                                   |   |                               | (82,501  | )      |                              |   | (71,526 | ) |
|                                                                                                                                                |   |                               |     |   |                              |   |   |   |
| Total                  Stockholders' Deficit                                                                                                        |   |                               | (36,551  | )      |                              |   | (2,526 | ) |
|                                                                                                                                                |   |                               |     |   |                              |   |   |   |
| Total                  Liabilities and Stockholders' Deficit                                                                                        |   | $                                  | 149      |   |                              | $      | 2,143 |   |

----

**BANCROFT        URANIUM, INC.**

**(A        DEVELOPMENT STAGE COMPANY)**

**CONDENSED        STATEMENTS OF OPERATIONS**

**(Unaudited)**

|                                                                  |   | **For                  the three months ended** |                                               |    | **For                  the nine months ended** |   |                                                 | **From                    October 12, 2001****(inception)                  to** |   |
|-----------------------------------------------------------------------|--------|-------------------------------------------------|----------------------------------------------------|---------|------------------------------------------------|--------|------------------------------------------------------|---------------------------------------------------------------------------------|--------|
|                                                                  |   | **September                  30,**              |                                               |    | **September                  30,**             |   |                                                 | **September                  30,**                                              |   |   | **September                  30** |   |   | ** September                  30,** |   |
|                                                                  |   | **2007**                                        |                                               |    | **2006**                                       |   |                                                 | **2007**                                                                        |   |   | **2006** |   |   | **2007** |   |
|                                                                  |   |                                            |                                               |    |                                           |   |                                                 |                                                                            |   |   |   |   |   |   |   |
|                                                                  |   |                                            |                                               |    |                                           |   |                                                 |                                                                            |   |   |   |   |   |   |   |
|                                                                  |   |                                            |                                               |    |                                           |   |                                                 |                                                                            |   |   |   |   |   |   |   |
| REVENUES                                                              |   | $                                               | -                                                  |    |                                           | $      | -                                                    |                                                                            |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                  |   |                                            |                                               |    |                                           |   |                                                 |                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| EXPENSES                                                              |   |                                            |                                               |    |                                           |   |                                                 |                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Selling,                  general and administrative                  |   |                                            | 2,542                                              |    |                                           |   | 2,389                                                |                                                                            |   |   | 10,770 |   |   |   | 12,122 |   |   |   | 99,864 |   |
| Interest                  expense                                     |   |                                            | 205                                                |    |                                           |   | -                                                    |                                                                            |   |   | 205 |   |   |   | 202 |   |   |   | 477 |   |
|                                                                  |   |                                            |                                               |    |                                           |   |                                                 |                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                  expenses                                       |   |                                            | 2,747                                              |    |                                           |   | 2,389                                                |                                                                            |   |   | 10,975 |   |   |   | 12,324 |   |   |   | 100,341 |   |
|                                                                  |   |                                            |                                               |    |                                           |   |                                                 |                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  loss from operations                             |   |                                            | (2,747                                             | )       |                                           |   | (2,389                                               | )                                                                               |   |   | (10,975 | ) |   |   | (12,324 | ) |   |   | (100,341 | ) |
|                                                                  |   |                                            |                                               |    |                                           |   |                                                 |                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Gain                  on forgiveness of loan                          |   |                                            | -                                                  |    |                                           |   | -                                                    |                                                                            |   |   | - |   |   |   | - |   |   |   | 17,810 |   |
| Interest                  income                                      |   |                                            | -                                                  |    |                                           |   | -                                                    |                                                                            |   |   | - |   |   |   | - |   |   |   | 30 |   |
|                                                                  |   |                                            |                                               |    |                                           |   |                                                 |                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  loss                                             |   | $                                               | (2,747                                             | )       |                                           | $      | (2,389                                               | )                                                                               |   | $ | (10,975 | ) |   | $ | (12,324 | ) |   | $ | (82,501 | ) |
|                                                                  |   |                                            |                                               |    |                                           |   |                                                 |                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                  |   |                                            |                                               |    |                                           |   |                                                 |                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| BASIC                  AND DILUTED LOSS PER SHARE                     |   | $                                               | (                       - | )  |                                           | $      | (                         - | )                                                                          |   | $ | (                         - | ) |   | $ | (                         - | )  |   |   |   |   |
|                                                                  |   |                                            |                                               |    |                                           |   |                                                 |                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| WEIGHTED-AVERAGE                  NUMBER OF COMMON SHARES OUTSTANDING |   |                                            | 500,000,000                                        |    |                                           |   | 500,000,000                                          |                                                                            |   |   | 500,000,000 |   |   |   | 500,000,000 |   |   |   |   |   |

----

**BANCROFT        URANIUM, INC.**

**(A          DEVELOPMENT STAGE COMPANY)**

**CONDENSED        STATEMENTS OF CASH FLOWS**

**(Unaudited)**

|                                                                   |   | **For                  the nine months ended****September                  30,** |    |   | **From                  October 12, 2001****(inception)                  to****September                  30,** |   |
|------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------|---------|--------|-----------------------------------------------------------------------------------------------------------------|--------|
|                                                                   |   | **2007**                                                                         |    |   | **2006**                                                                                                        |   |   | **2007** |   |
|                                                                   |   |                                                                             |    |   |                                                                                                            |   |   |   |   |
| **OPERATING                  ACTIVITIES**                              |   |                                                                             |    |   |                                                                                                            |   |   |   |   |
| Net                  loss from operations                              |   | $                                                                                | (10,975 | )      |                                                                                                            | $      | (12,324 | ) |   | $ | (82,501 | ) |
|                                                                   |   |                                                                             |    |   |                                                                                                            |   |   |   |   |   |   |   |
| Changes                  in operating assets and liabilities:          |   |                                                                             |    |   |                                                                                                            |   |   |   |   |   |   |   |
| Gain                  on forgiveness of debt                           |   |                                                                             | -       |   |                                                                                                            |   | - |   |   |   | (17,810 | ) |
| Deferred                  offering costs                               |   |                                                                             | -       |   |                                                                                                            |   | - |   |   |   | 23,844 |   |
| Increase                  (decrease) in accounts payable               |   |                                                                             | 2,616   |   |                                                                                                            |   | (11,924 | ) |   |   | (6,559 | ) |
| Increae                  in related party accounts payable             |   |                                                                             | 6,365   |   |                                                                                                            |   | - |   |   |   | 6,365 |   |
|                                                                   |   |                                                                             |    |   |                                                                                                            |   |   |   |   |   |   |   |
| Net                  cash used by operating activities                 |   |                                                                             | (1,994  | )      |                                                                                                            |   | (24,248 | ) |   |   | (76,661 | ) |
|                                                                   |   |                                                                             |    |   |                                                                                                            |   |   |   |   |   |   |   |
| **FINANCING                  ACTIVITIES**                              |   |                                                                             |    |   |                                                                                                            |   |   |   |   |   |   |   |
| Increase                  in receivable from related party             |   |                                                                             | -       |   |                                                                                                            |   | - |   |   |   | (1,690 | ) |
| Proceeds                  from receivable from related party           |   |                                                                             | -       |   |                                                                                                            |   | - |   |   |   | 1,690 |   |
| Payments                  on payable to related party                  |   |                                                                             | -       |   |                                                                                                            |   | - |   |   |   | (4,700 | ) |
| Proceeds                  from issuance of common stock                |   |                                                                             | -       |   |                                                                                                            |   | - |   |   |   | 14,000 |   |
| Proceeds                  from shareholder advance converted to equity |   |                                                                             | -       |   |                                                                                                            |   | - |   |   |   | 55,000 |   |
| Increase                  in payable to related party                  |   |                                                                             | -       |   |                                                                                                            |   | - |   |   |   | 12,510 |   |
|                                                                   |   |                                                                             |    |   |                                                                                                            |   |   |   |   |   |   |   |
| Net                  cash provided by financing activities             |   |                                                                             | -       |   |                                                                                                            |   | - |   |   |   | 76,810 |   |
|                                                                   |   |                                                                             |    |   |                                                                                                            |   |   |   |   |   |   |   |
| Net                  increase (decrease) in cash                       |   |                                                                             | (1,994  | )      |                                                                                                            |   | (24,248 | ) |   |   | 149 |   |
|                                                                   |   |                                                                             |    |   |                                                                                                            |   |   |   |   |   |   |   |
| Cash,                  Beginning of Period                             |   |                                                                             | 2,143   |   |                                                                                                            |   | 30,000 |   |   |   | - |   |
|                                                                   |   |                                                                             |    |   |                                                                                                            |   |   |   |   |   |   |   |
| Cash,                  End of Period                                   |   | $                                                                                | 149     |   |                                                                                                            | $      | 5,752 |   |   | $ | 149 |   |
|                                                                   |   |                                                                             |    |   |                                                                                                            |   |   |   |   |   |   |   |
|                                                                   |   |                                                                             |    |   |                                                                                                            |   |   |   |   |   |   |   |
| ***Non                  cash Investing and Financing:***               |   |                                                                             |    |   |                                                                                                            |   |   |   |   |   |   |   |
| Expenses                  paid by shareholder                          |   | $                                                                                | 4,295   |   |                                                                                                            | $      | - |   |   | $ | 4,295 |   |
| Derivative                  liability from issuance of common stock    |   |                                                                             | 23,050  |   |                                                                                                            |   | 23,050 |   |   |   | - |   |

----

**Bancroft        Uranium, Inc.**

**(formerly        Conscious Intention, Inc.)**

**Notes        to Condensed Financial Statements (Unaudited)**

**September        30, 2007**

**NOTE        1 -SUMMARY OF SIGNIFICANT ACCOUNTING        POLICIES**

***Organization        and Nature of Operations***

***Interim        Financial Statements***

***Use        of Estimates —***

***Business        Condition***

**Note        2 – DERIVATIVE        LIABILITY**

----

**Note        3 – SHARE        CAPITAL**

**Note          4 – SUBSEQUENT          EVENTS**

----

**Item        2. Plan of Operation**

**Overview**

**Bancroft        Uranium Inc.’s principal products and services**

**Distribution        and marketing methods**

**Status        of products and services**

**Business        Combination**

**Revenues**

----

**Sales        and marketing.**

**General        and administrative.**

**Financial        Condition**

**Liquidity        and capital resources**

**Cash        requirements**

----

**Research        and development**

**Plant        and equipment**

**Employees**

**ITEM        3. Controls and Procedures**

----

Part        II - OTHER INFORMATION

**Item        1. Legal Proceedings **

**Item        2. Changes in Securities and Small Business        Issuer Purchases of Equity Securities **

**Recent        Sales of Unregistered Securities**

**Item        3. Defaults Upon Senior Securities**

**Item        4. Submission of Matters to a Vote of Security        Holders **

**Item        5. Other Information **

**Item        6. Exhibits and Reports on Form 8-K**

| (a)                   LIST OF                  EXHIBITS   |
|---------------------------------------------------------------------|

|   | 3.1 | Articles                  of Incorporation of registrant as filed previously with the Commission                  on                  Form SB-2, dated April 12, 2002. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.2 | Bylaws                  of registrant as filed previously with the Commission on Form SB-2,                  dated                  April 12, 2002. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 31.1 | Certification                  of Chief Executive Officer pursuant to Section 302 of Sarbanes-Oxley                  Act                  of 2002 |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 31.2 | Certification                    of Chief Financial Officer pursuant to Section 302 of Sarbanes-Oxley                    Act                    of 2002 |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.1 | Certification                  of the Company's Chief Executive Officer pursuant to 18 U.S.C.                  Section                  1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley                  Act of                  2002 |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.2 | Certification                    of the Company's Chief Financial Officer pursuant to 18 U.S.C.                    Section                    1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley                    Act of                    2002 |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

SIGNATURE

|                                            | Bancroft                  Uranium Inc.                                                                                                                                                                                                                                                                                          |
|-------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  Dated:                  November 16, 2007 | /s/                  P. Leslie                  Hammond                                             |
|                                            | P.                  Leslie Hammond                                                                                                                                                                                                                                                                                              |
|                                            | Chief                  Executive Officer                                                                                                                                                                                                                                                                                        |
|                                            | (Duly                  Authorized Officer and Principal Financial and                  Accounting Officer)                                                                                                                                                                                                                 |

----