[ad_1]
October 9, 2025
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
FOR IMMEDIATE RELEASE.
Western Uranium & Vanadium Corp. (CSE: WUC,OTC:WSTRF) (” Western ” or the ” Firm “) is happy to announce that, additional to its information launch dated October 8, 2025, and on account of sturdy investor demand, the Firm has elevated the scale of its beforehand introduced providing from Cdn$5,000,000 to Cdn$5,900,000 with the issuance of 6,555,556 models at a worth of $0.90 per unit (the ” Providing “). Every unit to be positioned within the Providing (every, a ” Unit “) might be comprised of 1 frequent share and one frequent share buy warrant, with every entire warrant being exercisable for one frequent share of the Firm at a worth of Cdn$1.20 per share, for a interval of 4 years and a half from the date of issuance.
A.G.P. Canada Investments ULC (” A.G.P. Canada “) is performing as sole underwriter and bookrunner for the Firm in reference to the Providing.
The Items to be issued below the Providing might be provided to purchasers pursuant to the listed issuer financing exemption (” LIFE “) below Half 5A of Nationwide Instrument 45-106– Prospectus Exemptions in all of the provinces of Canada, besides Québec, and in sure different jurisdictions pursuant to relevant securities legal guidelines. The securities issuable pursuant to the LIFE exemption won’t be topic to any statutory maintain interval below relevant Canadian securities legal guidelines. The Firm has filed an amended and restated providing doc (the ” Amended Providing Doc “) associated to the Providing, and the Amended Providing Doc might be accessed below the Firm’s profile at www.sedarplus.com , and on the Firm’s web site at www.western-uranium.com . Potential buyers ought to learn the Amended Providing Doc earlier than investing resolution.
Closing of the Providing is topic to sure situations and receipt of all needed approvals, together with compliance with the necessities of the Canadian Securities Alternate (” CSE “).
As described in higher element within the Amended Providing Doc, the online proceeds of the Providing might be used follows: (a) allowing of Mustang Mineral Processing Plant; (b) drilling, monitoring and allowing for the San Rafael Uranium Challenge; (c) mine growth and upkeep throughout the manufacturing portfolio; (c) allowing and baseline knowledge assortment for Topaz Mine; and (e) basic company working capital functions, together with basic and administrative prices.
As well as, the Items might be provided in america on a personal placement foundation pursuant to obtainable exemptions from the registration necessities below america Securities Act of 1933, as amended (the ” U.S. Securities Act “); and in such different jurisdictions exterior of Canada and america, as agreed upon by A.G.P. Canada and the Firm, pursuant to obtainable prospectus and registration exemptions in accordance with relevant legal guidelines.
The securities described herein haven’t been, and won’t be, registered below the U.S. Securities Act or any state securities legal guidelines, and accordingly,is probably not provided or offered inside america or to, or for the account or advantage of, U.S. individuals besides in compliance with the registration necessities of the U.S. Securities Act and relevant state securities legal guidelines or pursuant to exemptions therefrom. This press launch doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase any securities in any jurisdiction.
About Western Uranium & Vanadium Corp.
Western Uranium & Vanadium Corp. is creating high-grade uranium and vanadium manufacturing. Western is at the moment licensing and creating the Mustang Mineral Processing Plantfor mined materials restoration which can incorporate kinetic separation to optimize economics. Western holds quite a lot of useful resource properties together with the Sunday Mine Advanced, its flagship property situated within the prolific Uravan Mineral Belt. The manufacturing pipeline encompasses a number of standard initiatives in Colorado and Utah which might be at the moment present process allowing and growth. The Firm continues to overview alternatives to accumulate and develop extra complementary properties in proximity to the processing plant website.
Cautionary Be aware Concerning Ahead-Trying Data:
Sure data contained on this information launch constitutes “forward-looking data” or “forward-looking statements” inside the that means of relevant securities legal guidelines (collectively, “forward-looking statements”). Statements of that nature embody statements referring to, or which might be dependent upon: the Firm’s expectations, estimates and projections concerning the Providing, timing and/or completion (if any) of the Providing,supposed use of proceeds of the Providing, approval of the CSE and submitting of the Amended Providing Doc; exploration and manufacturing plans and outcomes; the timing of deliberate actions; whether or not the Firm can increase any extra funds required to implement its plans; whether or not regulatory or analogous necessities might be happy to allow deliberate actions; and extra typically to the Firm’s enterprise, and the financial and political surroundings relevant to its operations, property and plans. All such forward-looking statements are topic to vital danger components and uncertainties, a lot of that are past the Firm’s capability to regulate or predict. Please confer with the Firm’s most up-to-date Administration’s Dialogue and Evaluation, in addition to its different filings on www.sedarplus.com , for a extra detailed overview of these danger components. Readers are cautioned to not place undue reliance on the Firm’s forward-looking statements, and that these statements are made as of the date hereof. Whereas the Firm might achieve this, it doesn’t undertake any obligation to replace these forward-looking statements at any explicit time, besides as and to the extent required below relevant legal guidelines and rules.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT :
George Glasier
President and CEO
970-864-2125
gglasier@western-uranium.com
Robert Klein
Chief Monetary Officer
908-872-7686
rklein@western-uranium.com
Neither the Canadian Securities Alternate nor its Regulation Providers Supplier accepts accountability for the adequacy or accuracy of this launch.
[ad_2]
