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Western Uranium & Vanadium Corp. Closes Non-Brokered Private Placement
Western Uranium & Vanadium Corp.February 16, 2021 GMT
Toronto, Ontario and Nucla, Colorado, Feb. 16, 2021 (GLOBE NEWSWIRE) Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“Western” or the ”Company”) is pleased to announce the closing of a non-brokered private placement (the “Private Placement”) of 3,250,000 units (the ”Units”) at a price of CAD$0.80 per Unit. The aggregate gross proceeds raised in this Private Placement amount to CAD$2,600,000.
Each Unit consists of one common share of Western (a “Share”) plus one common share purchase warrant of Western (a “Warrant”). Each Warrant shall entitle the holder to purchase one Share at a price of CAD$1.20 per Share for a period of three years following the closing date of the Private Placement. A total of 3,250,000 Shares and 3,250,
Western Uranium & Vanadium Corp. 2021 Update Western Uranium & Vanadium Corp.
Toronto, Ontario and Nucla, Colorado, Jan. 13, 2021 (GLOBE NEWSWIRE) Western Uranium & Vanadium Corp. (CSE:WUC) (OTCQX:WSTRF) (“Western” or ”Company”) would like to provide the following update. Entering 2021, Western is excited about our competitive position, market opportunities, and the prospects for nuclear energy and uranium mining.
Sunday Mine Complex Ready for Production Restart
Western’s Sunday Mine Complex project during 2019/2020 established the mines are in “ready-to-produce” status. These permitted and developed conventional mines can be restarted with minimal capital expenditure. The first uranium/vanadium ore production was stockpiled underground and remains ready for delivery when COVID-19 and market conditions permit.