Western Uranium & Vanadium Corp. Announces Closing of Mineral Lode Claims Acquisition
Western Uranium & Vanadium (OTCQX: WSTRF) announced on October 14, 2025 the closing of an acquisition of unpatented mineral lode claims that secure a 50% ownership interest in an area with historic drilled uranium-vanadium mineralization.
The acquired claims, combined with surrounding acreage, form the new Uranium Ridge Project and add exploration upside to Western’s existing portfolio, which includes the Sunday Mine Complex, Sage Mine, Van 4 Mine and San Rafael Projects. The claims lie near the proposed Mustang Mineral Processing Plant, expected to lower haulage costs and improve processing efficiency for near-term production.
Western Uranium & Vanadium (OTCQX: WSTRF) ha annunciato il 14 ottobre 2025 la chiusura dell'acquisizione di rivendicazioni minerali non brevettate che assicurano una partecipazione del 50% in un'area con storica mineralizzazione di uranio-vanadio perforata.
Le rivendicazioni acquisite, insieme alle aree circostanti, formeranno il nuovo Progetto Uranium Ridge e aggiungeranno potenzialità di esplorazione al portafoglio esistente di Western, che include il Sunday Mine Complex, la Sage Mine, la Van 4 Mine e i San Rafael Projects. Le rivendicazioni si trovano vicino al proposto impianto di lavorazione mineraria Mustang, che dovrebbe ridurre i costi di trasporto e migliorare l’efficienza di lavorazione per la produzione a breve termine.
Western Uranium & Vanadium (OTCQX: WSTRF) anunció el 14 de octubre de 2025 el cierre de la adquisición de reclamaciones mineras no patentadas que aseguran un interés de propiedad del 50% en una zona con mineralización de uranio-vanadio perforada históricamente.
Las reclamaciones adquiridas, junto con las áreas circundantes, forman el nuevo Proyecto Uranium Ridge y añaden potencial de exploración al portafolio existente de Western, que incluye el Sunday Mine Complex, la Sage Mine, la Van 4 Mine y los Proyectos San Rafael. Las reclamaciones se encuentran cerca de la planeada Planta de Procesamiento de Mineral Mustang, que se espera reduzca los costos de acarreo y mejore la eficiencia de procesamiento para la producción a corto plazo.
Western Uranium & Vanadium (OTCQX: WSTRF)는 2025년 10월 14일에 미특허 광맥 청구권의 인수 종료를 발표했으며, 이 광맥은 지역의 역사적으로 시추된 우라늄-바나듐 광맥에 50% 소유권을 확보합니다.
인수된 광맥은 주변 면적과 결합되어 새로운 Uranium Ridge Project를 형성하고 Western의 기존 포트폴리오( Sunday Mine Complex, Sage Mine, Van 4 Mine, San Rafael Projects)에 탐사 상승 여력을 제공합니다. 이 광맥은 제안된 Mustang Mineral Processing Plant 근처에 위치해 운반 비용을 낮추고 단기 생산을 위한 처리 효율을 향상시킬 것으로 기대됩니다.
Western Uranium & Vanadium (OTCQX: WSTRF) a annoncé le 14 octobre 2025 la clôture de l'acquisition de claims miniers non brevetés qui sécurisent une participation à hauteur de 50% dans une zone présentant une minéralisation historique d'uranium-vanadium forée.
Les claims acquis, combinés au terrain environnant, forment le nouveau Projet Uranium Ridge et ajoutent du potentiel d'exploration au portefeuille existant de Western, qui comprend le Sunday Mine Complex, la Sage Mine, la Van 4 Mine et les San Rafael Projects. Les claims se situent près de la future Unité de traitement Mustang qui devrait réduire les coûts de transport et améliorer l'efficacité de traitement pour une production à court terme.
Western Uranium & Vanadium (OTCQX: WSTRF) gab am 14. Oktober 2025 den Abschluss eines Erwerbs unpatenterter Mineral-Lodes bekannt, der ein 50%-Eigentumsverhältnis in einer Fläche mit historisch gebohrter Uran-Vanadium-Mineralisierung sichert.
Die übernommenen Lodes, zusammen mit dem umliegenden Areal, bilden das neue Uranium Ridge Project und fügen Westerns bestehendem Portfolio Explorationspotenzial hinzu, zu dem das Sunday Mine Complex, die Sage Mine, die Van 4 Mine und die San Rafael Projects gehören. Die Claims liegen in der Nähe der geplanten Mustang Mineral Processing Plant, die voraussichtlich die Transportkosten senken und die Verarbeitungseffizienz für die Produktion in naher Zukunft verbessern wird.
Western Uranium & Vanadium (OTCQX: WSTRF) أعلن في 14 أكتوبر 2025 إغلاق استحواذ على مطالبات معدنية غير patentables التي تضمن حقوق ملكية بنسبة 50% في منطقة تحتوي على تواجد منازع معدني uraniu-vanadium المكتشف تاريخياً من خلال الحفر.
المطالبات التي تم الاستحواذ عليها، مع الأراضي المحيطة، تشكل مشروع Uranium Ridge الجديد وتضيف إمكانات استكشاف إلى محفظة Western الحالية، والتي تشمل عِقد Sunday Mine Complex و Sage Mine و Van 4 Mine و San Rafael Projects. تقع المطالَب بالقرب من منشأة Mustang Mineral Processing Plant المقترحة، المتوقَّع أن تخفض تكاليف النقل وتحسن كفاءة المعالجة للإنتاج في المدى القريب.
Western Uranium & Vanadium (OTCQX: WSTRF) 于2025年10月14日宣布完成对未专利矿脉所有权的收购，该矿脉在一个区域内确保了50%的所有权，区域存在历史钻探的铀-钒矿化。
所收购的矿脉连同周边面积，形成新的Uranium Ridge Project，为Western现有投资组合增加勘探潜力，其中包括Sunday Mine Complex、Sage Mine、Van 4 Mine和San Rafael Projects。该矿脉靠近拟建的Mustang Mineral Processing Plant，预计将降低运距成本并提升近期生产的加工效率。
- Acquired 50% ownership in historically drilled uranium-vanadium deposit
- Created Uranium Ridge Project by combining drilled claims and surrounding acreage
- Adds to production pipeline including Sunday, Sage, Van 4, San Rafael assets
- Claims are proximate to Mustang processing site, enabling lower haulage costs
- None.
Toronto, Ontario and Nucla, Colorado, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“Western” or the “Company”) is pleased to announce the successful closing of the acquisition of unpatented mineral lode claims (the “Claims”), as previously announced on October 6, 2025.
The Claims encompass a drilled-out uranium-vanadium deposit originally advanced during prior exploration programs, securing for Western a
As part of the acquisition strategy, Western has also acquired additional claims surrounding the property, adding significant exploration potential to expand the historic resource. The Company has named this new resource property the Uranium Ridge Project which is a combination of the surrounding claims plus the former Baboon Basin claims / Sawtooth claims which were drilled-out. This land position expansion in the district underscores the Company’s commitment to building a long-term pipeline of high-quality uranium and vanadium resources.
The newly acquired Claims are located in close proximity to Western’s proposed Mustang Mineral Processing Plant site. By securing nearby resources, Western expects to reduce haulage costs, streamline logistics, and capture significant processing efficiencies, directly translating into increased value for shareholders. The Mustang site, which was previously licensed by the Colorado Department of Public Health and Environment (CDPHE), is being advanced as a key regional processing hub.
George Glasier, Western’s CEO, commented: “The successful closing of this acquisition demonstrates our continued focus on expanding the Company’s strategic footprint in uranium-rich districts of the western United States. By combining these historically drilled resources with our existing assets and processing infrastructure, we are creating meaningful shareholder value and positioning the Company to meet the rising demand for nuclear fuel.”
About Western Uranium & Vanadium Corp.
Western Uranium & Vanadium Corp. is developing high-grade uranium and vanadium production. Western is currently licensing and developing the Mustang Mineral Processing Plant for mined material recovery which may incorporate kinetic separation to optimize economics. Western holds a number of resource properties including the Sunday Mine Complex, its flagship property located in the prolific Uravan Mineral Belt. The production pipeline encompasses multiple conventional projects in Colorado and Utah that are currently undergoing permitting and development. The Company continues to review opportunities to acquire and develop additional complementary properties in proximity to the processing plant site.
Cautionary Note Regarding Forward-Looking Information: Certain information contained in this news release constitutes “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws (collectively, “forward-looking statements”). Statements of that nature include statements relating to, or that are dependent upon: the Company’s expectations, estimates and projections regarding the exploration and production plans and results; the timing of planned activities; whether the Company can raise any additional funds required to implement its plans; whether regulatory or analogous requirements can be satisfied to permit planned activities; and more generally to the Company’s business, and the economic and political environment applicable to its operations, assets and plans. All such forward-looking statements are subject to important risk factors and uncertainties, many of which are beyond the Company’s ability to control or predict. Please refer to the Company’s most recent Management’s Discussion and Analysis, as well as its other filings at www.sec.gov and/or www.sedarplus.com, for a more detailed review of those risk factors. Readers are cautioned not to place undue reliance on the Company’s forward-looking statements, and that these statements are made as of the date hereof. While the Company may do so, it does not undertake any obligation to update these forward-looking statements at any particular time, except as and to the extent required under applicable 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
FAQ
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