UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C 20549  FORM
10-Q  (Mark One)  [X] QUARTERLY
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly
period ended September 30, 2009  [
 ] TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT For the transition
period from ____ to ____  Commission File No.
333-144226  URANIUM PLUS RESOURCE CORPORATION (Exact
name of registrant as specified in its charter)  Nevada 26-0148468 (State
or other jurisdiction (IRS
Employer of
incorporation or organization) Identification
No.)  Suite  112 A  17624 15th Avenue, Mill Creek,
Washington, 98012 (Address
of principal executive offices)  (206) 963-4519 (Registrants telephone number)  (Former
name, former address and former fiscal year, if changed since last report)  Indicate by check
mark whether the registrant (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.  Yes
 [x]  No  [  ]  Indicate by check
mark whether the registrant has submitted electronically and posted on its
corporate Web site, if any, every Interactive Data File required to be submitted
and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months
(or for such shorter period that the registrant was required to submit and post
such files). Yes [
 ] No [
 ] Not Required  Indicate by check
mark whether the registrant is a large accelerated filer, an accelerated filer,
a non-accelerated filer, or a smaller reporting company.  See the
definitions of large accelerated filer, accelerated filer and smaller
reporting company in Rule 12b-2 of the Exchange Act.  Large
accelerated filer [
 ] Accelerated
filer [
 ] Non-accelerated
filer [
 ] Smaller
reporting company [
X ]   1   Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act).  Yes [x]  No [  ]  State the number of
shares outstanding of each of the issuers classes of common equity, as of the
latest practicable date:  As of October 31,
2009, there were 12,988,000 shares of the Companys common stock issued and
outstanding.  2   PART I  FINANCIAL INFORMATION  Item 1.
 Financial Statements.         Uranium Plus Resource Corporation  (An Exploration Stage Company)  Financial Statements (Unaudited)   3


Uranium Plus Resource Corporation  (An Exploration Stage Company)  Index to Financial Statements  For the period from January 23, 2007 to
September 30, 2009   Page(s)  Balance Sheets as of September
30, 2009 (Unaudited) and December 31, 2008 5  (Unaudited) Statements of Operations for the three and
nine month periods ended September 30, 2009 and 2008 and
for the period from January 23, 2007 to September 30, 2009 6  (Unaudited) Statements of Cash Flows for the nine-month
periods ended September 30, 2009 and
September 30, 2008 and for the period from January 23, 2007 (Inception) to
September 30, 2009 7  Notes to the Financial
Statements (unaudited) 8-10


4


Uranium Plus Resource Corporation (An Exploration Stage Company) Balance Sheets    September 30,


December 31,2009


2008ASSETS

(Unaudited)Current assets:Cash and cash equivalents
$
66,441

$
93,139Total assets
$
66,441

$
93,139LIABILITIES AND STOCKHOLDERS DEFICITCurrent liabilities:Accounts payable
$
1,274

$
8,124Convertible note payable

150,000


150,000Total current liabilities

151,274


158,124Total liabilities

151,274


158,124Stockholders DeficitCommon stock, par value $.001,
100,000,000 sharesauthorized.  12,988,000
shares issued and outstanding

12,988


12,988Additional paid in
capital

97,915


97,915Deficit accumulated during the
exploration stage

(195,736)


(176,268)Accumulated other comprehensive
income

-


380Total stockholders deficit

(84,833)


(64,985)Total liabilities and stockholders deficit
$
66,441

$
93,139   See accompanying notes to the unaudited financial
statements.


5


Uranium Plus Resource Corporation (An Exploration Stage Company) Statements of Operations and
Comprehensive Loss (Unaudited)     For the periodFor the three


For the three


For the nine-month


For the nine-month


from January 23,month period ended


month period ended


period ended


period ended


2007 (Inception) toSeptember 30, 2009


September 30, 2008


September 30, 2009


September 30, 2008


September 30, 2009Revenues:
$
-

$
-

$
-

$
-

$
-Operating expenses:Exploration costs

-


-


-


20,533


45,533Selling, general and
administrative

5,384


16,753


19,468


48,909


149,687Depreciation expense

-


-


-


102


516Operating loss before other items and income
tax

(5,384)


(16,753)


(19,468)


(69,544)


(195,736)Income tax expense (benefit)

-


-


-


-


-Net loss available to common stockholders
$
(5,384)

$
(16,753)


(19,468)


(69,544)


(195,736)Other comprehensive income:Foreign currency translation
adjustment

-


-


(380)


(75)


-Comprehensive loss for the period
$
(5,384)

$
(16,753)

$
(19,848)

$
(69,619)

$
(195,736)Basic and diluted loss per common share
$
(.00)

$
(.00)

$
(.00)

$
(.00)Weighted average shares outstanding

12,988,000


12,988,000


12,988,000


12,988,000  See accompanying notes to the unaudited financial
statements.  6


Uranium Plus Resource Corporation (An Exploration Stage Company) Statement of Cash Flows
(Unaudited)     For the nine-month


For the nine-month


For the periodperiod ended


period ended


from January 23,September 30, 2009


September 30, 2008


2007 (Inception) toSeptember 30, 2009Cash flows from operating activities:Net loss
$
(19,468)

$
(69,544)

$
(195,736)Adjustments to reconcile net
loss tonet cash used in operating
activities:Non-cash expenses

-


610


99,805Depreciation expense

-


102


516Prepaid expenses

-


1,224


745Accounts payable

(6,850)


14,400


1,274Accounts payable  related
party

-


9,000


-Net cash used in operating activities

(26,318)


(44,208)


(93,396)Cash flows from investing activities:Property, plant and
equipment

-


745


(1,243)Net cash provided by (used in) investing
activities

-


745


(1,243)Cash flows from financing activities:Issuance of common stock for
cash

-


-


11,080Loan payable

-


150,000


150,000Net cash provided by financing activities

-


150,000


161,080Net increase (decrease) in cash and cash
equivalents

(26,318)


106,537


66,441Effect of exchange rate changes on cash

(380)


(64)


-Cash at beginning of period
$
93,139

$
1,579

$
-Cash at end of period
$
66,441

$
108,052

$
66,441    See accompanying notes to the unaudited financial
statements.  7       Uranium Plus Resource Corporation (An Exploration Stage Company) Notes to the Financial Statements
(Unaudited)  1. BASIS OF FINANCIAL STATEMENT
PRESENTATION  The accompanying unaudited condensed
financial statements have been prepared by the Company pursuant to the rules and
regulations of the Securities and Exchange Commission.  Certain information
and footnote disclosures normally included in financial statements prepared in
accordance with U.S. generally accepted accounting principles have been
condensed or omitted in accordance with such rules and regulations.  The
information furnished in the interim condensed financial statements includes
normal recurring adjustments and reflects all adjustments, which, in the opinion
of management, are necessary for a fair presentation of such financial
statements.  Although management believes the disclosures and information
presented are adequate to make the information not misleading, it is suggested
that these interim condensed financial statements be read in conjunction with
the Company's audited financial statements and notes thereto included in its
Form 10-K filed on March 31, 2009.  Operating results for the nine months
ended September 30, 2009 are not necessarily indicative of the results to be
expected for the fiscal year ended December 31, 2009.  2.  ORGANIZATION  Uranium Plus Resource Corporation
(the Company) was incorporated on January 23, 2007 in the State of Nevada,
U.S.A., as Big Bear Resources, Inc.  Its name was changed to Uranium Plus
Resource Corporation on March 21, 2008.  Its operations are primarily based
in Vancouver, British Columbia, Canada.  The accounting and reporting
policies of the Company conform to accounting principles generally accepted in
the United States of America, and the Companys fiscal year end is December
31.  The Company is an exploration stage
company that engages primarily in the acquisition, exploration and development
of resource properties.  The Company has acquired a 100 percent interest in
a mineral claim located in the Slocan Mining Division in the Province of British
Columbia, Canada.  The Company is currently conducting mineral exploration
activities on the mineral claim in order to assess whether it possesses
commercially exploitable reserves of silver, gold, lead or zinc.  To date,
the Companys activities have been limited to its formation, minimal operations
and the raising of equity capital.  3.  SIGNIFICANT ACCOUNTING POLICIES  USE OF ESTIMATES  The preparation of the Companys
financial statements in conformity with accounting principles generally accepted
in the United States requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amount of revenues and expenses during the reporting period.
 Actual results could differ from those estimates.  The Companys
periodic filings with the Securities and Exchange Commission include, where
applicable, disclosures of estimates, assumptions, uncertainties and markets
that could affect the financial statements and future operations of the
Company.  FOREIGN CURRENCY
TRANSLATIONS  The Companys
functional and reporting currency is the US dollar.  All transactions
initiated in other currencies are translated into US dollars using the exchange
rate prevailing on the date of transaction.  Monetary assets and
liabilities denominated in foreign currencies are translated into the US dollar
at the rate of exchange in effect at the balance sheet date.  Unrealized
exchange gains and losses arising from such transactions are deferred until
realization and are included as a separate component of stockholders equity
(deficit) as a component of other comprehensive income or loss. Upon
realization, the amount deferred is recognized in income in the period when it
is realized. To date, such gains or losses have been insignificant.   8      Uranium Plus Resource Corporation (An Exploration Stage Company) Notes to the Financial Statements
(Unaudited)  4.  RELATED
PARTY TRANSACTIONS  A
$3,000 per month salary to the President of the company had been accrued for a
total of $39,000 to March 31, 2008.  Effective May 4, 2008, the full
balance of the accrual was forgiven.  The related expense was charged to
selling, general and administrative expenses; $30,000 to December 31, 2008 and
$9,000 to March 31, 2008.  The forgiveness of debt has been recorded as an
increase in additional paid in capital as of December 31, 2008.  5.
 CONVERTIBLE NOTE PAYABLE  The Company borrowed $150,000 pursuant to an agreement
dated April 29, 2008.  The loan is payable on demand by the Lender.
 The Lender has the option to convert the loan into common shares of the
Company at a rate of 1 common share for each $1 borrowed (150,000 common
shares).  In
the event repayment is demanded and the Company defaults, interest at a rate of
8% per annum shall be charged from the date of demand.  All funds are in US dollars.  6.  SHARE
CAPITAL  Effective April 22, 2008, the Company
forward-split its issued capital stock on a ratio of 5.8 shares for each one old
share.  As a result of this transaction, 11,078,000 shares were issued. Shares
Par
ValueDecember 31, 2008
1,910,000
$
1,910Issued as a result of forward-split
11,078,000
11,078September 30, 2009
12,988,000
$
12,988  Consideration for the issue of additional shares has been charged
against additional paid in capital.  7.  GOING
CONCERN AND LIQUIDITY CONSIDERATIONS  The accompanying financial statements have been prepared assuming
that the Company will continue as a going concern, which contemplates, among
other things, the realization of assets and satisfaction of liabilities in the
normal course of business.  As of September 30, 2009, the Company has a
negative working capital balance of $84,833 and an accumulated deficit of
$195,736.  The Company intends to fund operations through equity financing
arrangements, which may be insufficient to fund its capital expenditures,
working capital and other cash requirements for the next twelve months.  The ability of the Company to emerge from the exploration stage is
dependent upon, among other things, obtaining additional financing to continue
operations, explore and develop the mineral properties and the discovery,
development and sale of mineral reserves.  In
response to these challenges, management intends to raise additional funds
through public or private placement offerings.  These factors, among others, raise substantial doubt about the
Companys ability to continue as a going concern.  The accompanying
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.   9


Uranium Plus Resource Corporation (An Exploration Stage Company) Notes to the Financial Statements
(Unaudited)   8.  RECENT
ACCOUNTING PRONOUNCEMENTS  In June 2009 the FASB established the
Accounting Standards Codification ("Codification" or "ASC") as the source of
authoritative accounting principles recognized by the FASB to be applied by
nongovernmental entities in the preparation of financial statements in
accordance with generally accepted accounting principles in the United States
("GAAP"). Rules and interpretive releases of the Securities and Exchange
Commission ("SEC") issued under authority of federal securities laws are also
sources of GAAP for SEC registrants. Existing GAAP was not intended to be
changed as a result of the Codification, and accordingly the change did not
impact our financial statements. The ASC does change the way the guidance is
organized and presented.  Statement of Financial Accounting Standards
("SFAS") SFAS No. 165 (ASC Topic 855), "Subsequent Events", SFAS No. 166 (ASC
Topic 810), "Accounting for Transfers of Financial Assets-an Amendment of FASB
Statement No. 140", SFAS No. 167 (ASC Topic 810), "Amendments to FASB
Interpretation No. 46(R)", and SFAS No. 168 (ASC Topic 105), "The FASB
Accounting Standards Codification and the Hierarchy of Generally Accepted
Accounting Principles-a replacement of FASB Statement No. 162" were recently
issued. SFAS No. 165, 166, 167, and 168 have no current applicability to the
Company or their effect on the financial statements would not have been
significant.  Accounting Standards Update ("ASU") ASU No.
2009-05 (ASC Topic 820), which amends Fair Value Measurements and Disclosures -
Overall, ASU No. 2009-13 (ASC Topic 605), Multiple-Deliverable Revenue
Arrangements, ASU No. 2009-14 (ASC Topic 985), Certain Revenue Arrangements that
include Software Elements, and various other ASU's No. 2009-2 through ASU No.
2009-15 which contain technical corrections to existing guidance or affect
guidance to specialized industries or entities were recently issued. These
updates have no current applicability to the Company or their effect on the
financial statements would not have been significant.                          10





Item 2.
 Managements Discussion and Analysis of Financial Condition and Results of
Operations  Uranium
Plus Resource Corporation (UPLS or the Company), is a Nevada Corporation
trading on the OTC-BB (symbol UPLS).  On March 21, 2008, the Company
changed its name from Big Bear Resources Inc. to Uranium Plus Resource
Corporation.  Prior
to March 2008, the Companyhad acquired an option
to acquire a 100% interest in a mineral claim located in the Slocan Mining
Division in the Province of British Columbia, Canada (the Big Bear mineral
claim).  The business plan called for the Company to proceed with the
exploration of the Big Bear mineral claim to determine if it contained
commercially exploitable reserves of silver, gold, lead or zinc.  Following
careful review, the Company decided to instead pursue a molybdenum and gold
property, in addition to two uranium properties located in Peru.  Management entered into a consulting agreement with Dr. Allan P.
Juhas Ph.D., an Economic Geologist residing in the USA, with extensive
experience in international property evaluation and mineral exploration.
 Dr. Juhas and his team traveled to Peru and visited two of the Companys
proposed properties.  The Manantiel molybdenum prospect is located in the
Shiran district of the Otuzco municipality of La Libertad, west-central Peru.
 The 10 square kilometers property was inspected for various igneous,
sedimentary and contact metamorphic rock types.  Samples of representative
mineralization were collected and delivered to the Lima sample preparation
facility of ACME Laboratories.  Although the deposits of commercial grade
and size occurred in the area, it was determined that any further work would
require more land to develop the potential resources in the area.
 Following receipt of the geological reports and sample analysis,
management has decided not to move forward with the further exploration of this
property.  Dr.
Juhas and his team also evaluated another proposed acquisition, the El Zorro
gold prospect consisting of 600 hectares and located 156 kilometers north east
of Trujillo, Peru.  They found that the geology consisted of tertiary
continental volcanic rocks that were cut by mafic (basaltic) dikes and sparse
pinching and swelling anastomosing quartz veinlets.  Some of the clasts
contained quartz grains that implied a dacite composition.  Samples of
representative mineralization were collected and delivered to the Lima sample
preparation facility of ACME Laboratories.  Following receipt of the
geological report from Dr. Juhas and subsequent sample analysis, management also
decided not to move forward with the further exploration of this property.  The
Company previously evaluated property north of Lima, Peru, and an additional
property in the Province of Corongo.  However, the Company decided not to
pursue an acquisition of either property at this time.  The Company
continues its expressed interest in the acquisition of mining concessions in
Peru and abroad.  The are
no assurances that the Company will elect to proceed with the purchases and
development of such properties.  If the Company does elect to proceed,
there are no assurances  11





that we
will be able to raise sufficient capital to complete the purchase or begin
mining operations on either.  To
date, the Companys activities have been limited to its formation, mineral
operations, the raising of equity capital and exploring other international
business opportunities.  For the
three and nine months ended September 30, 2009, the Company incurred continuing
general and administrative costs of $5,384 and $19,468.  This represents a
decrease in general and administrative costs of $16,753 and $48,909 for the same
periods in the prior year.  This decrease is due to a reduction in
consultant fees and international travel expenses during 2009.  Item
3. Quantitative and Qualitative Disclosure About Market Risk  Not
required by smaller reporting companies.  Item 4T.
 Controls and Procedures  As of
the end of the period covered by this report, UPLS carried out an evaluation of
the effectiveness of the Companys disclosure controls and procedures (as
defined by Rule 13-15(e) under the Securities Exchange Act of 1934) under the
supervision and with the participation of Uranium Pluss Chief Executive Officer
and Chief Financial Officer.  Based on and as of the date of such
evaluation, the aforementioned officers have concluded that Uranium Pluss
disclosure controls and procedures were effective.  UPLS
also maintains a system of internal accounting controls that is designed to
provide assurance that assets are safeguarded and that transactions are executed
in accordance with managements authorization and properly recorded. This system
is continually reviewed and is augmented by written policies and procedures, the
careful selection and training of qualified personnel and an internal audit
program to monitor its effectiveness.  There
were no significant changes in Uranium Pluss internal controls or in other
factors that could significantly affect these controls during the quarter ended
September 30, 2009. There were no significant deficiencies or material
weaknesses, and therefore there were no corrective actions taken.  It
should be noted that any system of controls, however well designed and operated,
can provide only reasonable, and not absolute, assurance that the objectives of
the system are met. In addition, the design of any control system is based in
part upon certain assumptions about the likelihood of future events. Because of
these and other inherent limitations of control systems, there can be no
assurance that any design will succeed in achieving its stated goals under all
potential future conditions, regardless of how remote.    12





PART
II  INFORMATION  Item
1.  Legal Proceedings  None  Item
2.  Unregistered Sales of Equity Securities and Use of Proceeds  None  Item
3.  Defaults Upon Senior Securities  None  Item
4.  Submission of Matters to a Vote of Security Holders  None.  Item
5.  Other Information  None  Item 6.
 Exhibits  Exhibit No.
Document
Location31
Rule
13a-41(a)/15d-14(a) Certifications
Included32
Section
1350 Certifications
Included  SIGNATURES  In accordance with
the requirements of the Exchange Act, the registrant caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.  URANIUM
PLUS RESOURCE CORP.  November
9, 2009 /s/
H. James Graham  H.
JAMES GRAHAM President
and Chief Executive Officer  13