Welcome to our dedicated page for Western Uranium news (Ticker: WSTRF), a resource for investors and traders seeking the latest updates and insights on Western Uranium stock.
Western Uranium & Vanadium Corp. (WSTRF) operates in the uranium and vanadium mining sector, providing critical resources for nuclear energy and industrial applications. This page serves as the definitive source for official company announcements, operational updates, and strategic developments.
Investors and industry observers will find timely updates on exploration progress, corporate governance changes, and market positioning. Key content includes earnings reports, project milestones from the Sunday Mine Complex and San Rafael Uranium Project, board decisions, and regulatory compliance updates.
The curated news collection enables efficient tracking of resource estimates, mining operations optimization, and leadership appointments. Regular updates reflect the company’s focus on sustainable extraction practices and strategic resource development in the evolving energy sector.
Bookmark this page for direct access to Western Uranium’s verified communications. Check back frequently for new insights into vanadium market strategies and uranium production capabilities that shape the company’s industry standing.
Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) has executed a binding Stock Purchase Agreement to acquire 100% of Pinon Ridge (PRC) for approximately USD830,000. This acquisition includes a 900-acre property in Montrose County, Colorado, marking Western's second property acquisition after the Maverick Mineral Processing Plant site in Utah. The strategy aims to develop and license uranium and vanadium processing facilities to optimize transportation and processing costs for Western's resources in Colorado and Utah.
The PRC Site, previously licensed for a uranium mill, offers unique opportunities to leverage historical licenses, data, and resources. Western plans to implement a next-generation conventional mill design with a kinetic separation circuit for pre-milling processing. The company is considering various financing approaches, including third-party ownership or co-ownership of the Sites.
Western Uranium & Vanadium Corp. (WSTRF) has provided several company updates. Michael Skutezky, with over 40 years of experience in the resource sector, was elected as a new independent director and granted 100,000 stock options. At the Sunday Mine Complex, mining teams are advancing a 2,700-foot drift towards the Leonard & Clark deposit, with 454 feet developed so far. The underground drilling program has completed 12,339 linear feet in Q2.
The company is also developing the San Rafael Uranium Project in Utah as its second production facility. Western has submitted a Notice of Intent to the BLM and expects approval for mineral and groundwater exploration within 30 days. A phase 1 drilling program is planned for 2024, including the installation of groundwater monitoring wells and assessment of mineralization against historical data.
Western Uranium & Vanadium Corp. (CSE: WUC, OTCQX: WSTRF) announced the outcomes of its Annual General and Special Meeting held on June 27, 2024, in Montrose, Colorado. Proxy votes represented 49% of the issued shares. All proposals, as outlined in the management information circular from May 21, 2024, were approved.
The board size increased from three to four directors, with George Glasier, Bryan Murphy, Andrew Wilder, and Michael Skutezky elected. MNP LLP was re-appointed as the company's auditor, and the board was authorized to set their remuneration.
Management re-appointments include George Glasier as President and CEO, Robert Klein as CFO, Michael Rutter as COO, and Denis Frawley as Corporate Secretary. Bryan Murphy remains Chairman of the Board, and Andrew Wilder continues as Chairman of the Audit Committee, which now includes Michael Skutezky.
Western Uranium & Vanadium Corp. provides updates on uranium markets and company operations, including the impact of the Prohibiting Russian Uranium Imports Act, Energy Fuels' buying program, a joint venture with Rimrock Exploration and Development Inc., and ongoing mining operations and processing plant developments.
Western Uranium & Vanadium Corp. will present at the Metals & Mining Virtual Investor Conference today. George Glasier, CEO, will speak and take questions live. The company is ramping up uranium and vanadium production at its Sunday Mine Complex.
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