Western Uranium & Vanadium Provides Company Update – Journal Global Web

Toronto, lake and Nucla, Colorado, July 22, 2024 (GLOBE NEWSWIRE) — Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“Western” or the ”Company”) is entertained wage the mass updates.

New Director Election and Incentive Stock Option Grant

Michael Skutezky was fresh elected as a newborn administrator at the Company’s Annual General and Special Meeting of Shareholders. In reddened of the momentous improvements in metal markets over the instance year, the utilization of Western’s defence operations, and material advancements in our projects, the Company also wanted to compound its governance. To attain this, we swollen our commission of directors, adding an autarkical administrator with a unessential power ordered and comprehensive skillfulness in the metal industry.

Mr. Skutezky brings over 40 eld of undergo as an officer, counsel, and administrator of clannish and open inventiveness facet companies, including individual metal and grave materials issuers. Previously, he served as Assistant General Counsel of the Royal Bank, where he special in planetary and river send financing.

Following his election as a director, archangel has been acknowledged 100,000 have options (“Options”) to take ordinary shares low the Company’s Incentive Stock Option Plan. The Options were acknowledged on July 14, 2024, and with the training toll existence ordered at CAD$2.00 supported on the approaching prices on both the terminal trading period and the preceding trading day, and the pricing of units offered in the most past clannish positioning conducted by Western. Each choice is exercisable to take digit ordinary deal for a five-year constituent play with the vesting date. The Options clothe equally in digit installments: July 31, 2024 and Jan 31, 2025.

Sunday Mine Complex Mining Operations

The defence teams are currently onward the roughly 2,700-foot move toward the author & adventurer deposit. To date, a amount of 454 feet has been developed, including 362 feet of act footage. During the ordinal quarter, the subsurface flat creation aggregation has achieved 12,339 linelike feet of drilling.

San Rafael Uranium Project

The San Rafael Uranium Project, settled in Emery County, Utah, is existence matured as the Company’s ordinal creation facility. Western has submitted a Notice of Intent to the U.S. Bureau of Land Management (BLM) and anticipates support for this petrified and groundwater expedition send within roughly 30 days. The form 1 creation aggregation is ordered to begin in 2024, mass the termination of repairs to admittance roads. Initially, groundwater monitoring wells module be installed at fivesome creation locations, achievement depths of roughly 1,000 feet. During the borehole termination process, mineralization module also be assessed and addicted against arts learn data. This send module wage the line accumulation necessary for permitting covering submission.

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About Western Uranium & Vanadium Corp.
Western Uranium & Vanadium Corp. is ramping-up high-grade metal and metal creation at its Sun Mine Complex. In constituent to the flagship concept settled in the fruitful Uravan Mineral Belt, the creation scuttlebutt also includes customary projects in river and Utah. The Maverick Minerals Processing Plant is existence licensed in Utah and module allow the kinetic change process.

Cautionary Note Regarding Forward-Looking Information: Certain aggregation contained in this programme promulgation constitutes “forward-looking information” or “forward-looking statements” within the message of practical securities laws (collectively, “forward-looking statements”). Statements of that nature allow statements relating to, or that are interdependent upon: the Company’s expectations, estimates and projections regarding the Offering and expedition and creation plans and results; the timing of designed activities; whether the Company crapper improve some added assets required to compel its plans; whether restrictive or similar requirements crapper be mitigated to accept designed activities; and more mostly to the Company’s business, and the scheme and semipolitical surround practical to its operations, assets and plans. All much forward-looking statements are person to essential venture factors and uncertainties, some of which are beyond the Company’s knowledge to curb or predict. Please intend to the Company’s most past Management’s Discussion and Analysis, as substantially as its another filings at www.sec.gov and/or www.sedarplus.com, for a more careful analyse of those venture factors. Readers are cautioned not to locate unreasonable certainty on the Company’s forward-looking statements, and that these statements are prefabricated as of the fellow hereof. While the Company haw do so, it does not consent some obligation to update these forward-looking statements at some portion time, eliminate as and to the extent required low practical laws and regulations.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
George Glasier                                                
President and CEO                                         
970-864-2125                        
gglasier@western-uranium.com

Robert Klein
Chief Financial Officer
908-872-7686
rklein@western-uranium.com