Western Uranium & Vanadium to Acquire Uranium Claims
Western Uranium & Vanadium (OTCQX: WSTRF) agreed to buy a package of unpatented mineral lode claims for US$250,000, securing a 50% ownership in a drilled-out uranium/vanadium deposit on ~240 acres of BLM land in Montrose County, Colorado.
The transaction is expected to close in October after due diligence. The Property lies less than 10 miles from the proposed Mustang processing plant and shows historic drill grades above the Long Park district averages. Western also staked an additional 500 acres adjacent to the Property to expand exploration potential. A potential future related-party purchase by the CEO may trigger MI 61-101 rules.
Western Uranium & Vanadium (OTCQX: WSTRF) ha accettato di acquistare un pacchetto di rivendicazioni minerarie non brevettate per US$250,000, assicurando una 50% di proprietà in un giacimento di uranio/vanadio perforato su circa 240 acri di terreno della BLM nella contea di Montrose, Colorado.
Si prevede che la transazione si chiuda in ottobre dopo la due diligence. La proprietà si trova a meno di 10 miglia dal previsto impianto di lavorazione Mustang e mostra valori di trivellazione storici superiori alla media del distretto Long Park. Western ha anche rivendicato ulteriori 500 acri adiacenti alla proprietà per espandere il potenziale di esplorazione. Un possibile futuro acquisto da parte di una parte correlata da parte del CEO potrebbe attivare le regole MI 61-101.
Western Uranium & Vanadium (OTCQX: WSTRF) acordó comprar un paquete de reclamaciones minerales de filón sin patentar para US$250,000, asegurando una propiedad del 50% en un yacimiento de uranio/vanadio perforado en unas ~240 acres de terreno de la BLM en el condado de Montrose, Colorado.
Se espera que la transacción se cierre en octubre después de la debida diligencia. La propiedad se encuentra a menos de 10 millas del previsto planta de procesamiento Mustang y muestra grados de perforación históricos superiores a los promedios del distrito Long Park. Western también obtuvo un adicional de 500 acres adyacentes a la propiedad para ampliar el potencial de exploración. Una compra potencial futura de una parte relacionada por parte del CEO podría activar las reglas MI 61-101.
Western Uranium & Vanadium (OTCQX: WSTRF)은 특허 받지 않은 광상 지분 묶음을 미화 250,000달러에 매입하기로 합의했고, 240에이커의 BLM 토지에 위치한 시추된 우라늄/바나듐 매장지에서 50%의 지분을 확보합니다. 몬트로즈 카운티, 콜로라도.
거래는 실사 후 10월에 마감될 것으로 예상됩니다. 이 부동산은预计 Mustang 처리 공장까지 10마일 미만 떨어진 곳에 위치하며 Long Park 지구의 평균을 상회하는 과거 시추 등급을 보입니다. Western은 탐사 잠재력을 확장하기 위해 부지 인근에 추가로 500에이커를 확보했습니다. CEO에 의한 향후 관련 당사자 구매 가능성은 MI 61-101 규칙을 촉발할 수 있습니다.
Western Uranium & Vanadium (OTCQX: WSTRF) a accepté d’acheter un ensemble de revendications minières non brevetées pour US$250,000, garantissant une propriété à 50% sur un gisement d’uranium/vanadium foré sur environ 240 acres de terres de la BLM dans le comté de Montrose, Colorado.
La transaction devrait être finalisée en octobre après vérification. La Propriété se situe à moins de 10 miles du projet envisagé d’usine de traitement Mustang et affiche des teneurs historiques de forage supérieures à la moyenne du district Long Park. Western a également préempté un terrain adjacent supplémentaire de 500 acres pour étendre le potentiel d’exploration. Un achat ultérieur potentiellement lié par le PDG pourrait déclencher les règles MI 61-101.
Western Uranium & Vanadium (OTCQX: WSTRF) vereinbarte den Kauf eines Pakets unpatentierter Mineralvorkommen für US$250,000, wodurch 50% Eigentum an einer gebohrten Uran-/Vanadiumablagerung auf ca. 240 Acres BLM-Land im Montrose County, Colorado, gesichert wird.
Der Abschluss der Transaktion wird nach Due Diligence voraussichtlich im Oktober erfolgen. Die Liegenschaft liegt weniger als 10 Meilen vom vorgeschlagenen Mustang-Verarbeitungswerk entfernt und weist historische Bohrwerte auf, die die Durchschnittswerte des Long Park-Distrikts übersteigen. Western hat außerdem weitere 500 Acres angrenzend zur Liegenschaft angemeldet, um das Explorationspotenzial zu erweitern. Ein potenzieller zukünftiger Related-Party-Kauf durch den CEO könnte MI 61-101-Regeln auslösen.
Western Uranium & Vanadium (OTCQX: WSTRF) اتفقت على شراء حزمة من مطالبات المعادن غير المكرّسة لمناجم US$250,000، مما يضمن ملكية 50% في مكمن من اليورانيوم/الفاناديوم المحفور على نحو ~240 فداناً من أراضي BLM في مقاطعة مونتروز، كولورادو.
من المتوقع أن تُغلق الصفقة في أكتوبر بعد إجراء العناية الواجبة. تقع الممتلكات على بعد أقل من 10 أميال من مصنع معالجة Mustang المقترح وتظهر درجات الحفر التاريخية أعلى من متوسط منطقة Long Park. كما قام Western أيضًا بتثبيت 500 فدان إضافية بجوار الممتلكات لتوسيع إمكانات الاستكشاف. قد يؤدي شراء من طرف مرتبط محتمل في المستقبل من قبل الرئيس التنفيذي إلى تفعيل قواعد MI 61-101.
Western Uranium & Vanadium (OTCQX: WSTRF) 同意以 US$250,000 购买一批未获专利的矿权，获得约 240 英亩 BLM 土地上的铀/钒矿床 50% 的所有权，位于科罗拉多州蒙特罗斯县。
交易预计在尽职调查完成后于十月完成。该物业距离拟议的 Mustang 处理厂 不到 10 英里，历史钻探品位高于 Long Park 区的平均水平。Western 还在该物业毗邻处新增了 500 英亩 以扩大勘探潜力。CEO 可能的未来相关方购买可能触发 MI 61-101 法规。
- Acquires 50% interest for US$250,000
- Property on ~240 acres with drilled-out deposit
- Located <10-mile haul to proposed Mustang plant
- Staked additional 500 acres for exploration upside
- Historic drill grades above district production averages
- Transaction subject to closing and further due diligence
- Potential related-party purchase could trigger MI 61-101 review
- Historic Thamm Report is pre-NI 43-101 and not current
Toronto, Ontario and Nucla, Colorado, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“Western” or the “Company”) is pleased to announce that it has entered into a definitive agreement with an arm’s length party to acquire a package of unpatented mineral lode claims (the “Claims”). The drilled-out deposit is situated on ~240 acres (the “Property”). With the purchase of the Claims, Western will secure a
Western believes that this acquisition is strategically valuable due to the haul distance of less than 10 miles to the proposed Mustang Mineral Processing Plant site. Beyond logistics, the Property has demonstrated historic drill grades above the Long Park Mining District’s reported production averages, underscoring the potential for higher margin resources. To further capitalize on this opportunity, the Company has staked additional mining claims surrounding the Property, adding 500 acres with significant exploration potential to expand this mineral resource.
The Property was acquired in 1996 by two private partners (each owning
Due to personal circumstances, the remaining original partner recently offered his interest to Mr. Glasier. However, due to high potential for added value to the Company, Mr. Glasier first presented this opportunity to Western. The Company determined that acquiring the drilled-out Claims represented a compelling opportunity when combined with the leveragability of the larger land package surrounding the Property. To consolidate ownership, Mr. Glasier has indicated his willingness to make his personal interest available to the Company on appropriate terms if the Company deems it to be desirable. It is anticipated that such future transaction (assuming that the parties decide to proceed) will qualify as a “related-party transaction” as defined in MI 61-101 - Protection of Minority Security Holders in Special Transactions.
The original owners of the Property, Nuclear Dynamics Inc., engaged Thamm, Mickel & Co.to prepare an independent ore reserve calculation; the report was issued August 14, 1980 (the “Thamm Report” or “Report”). The Report was compiled utilizing data from 175 drill holes drilled between 1977 to 1980, but did not utilize a superior calculation method, such as the Kriging calculation or the polygonal method. The Thamm Report was prepared approximately 20 years before National Instrument 43-101 Standards of Disclosure for Mineral Projects was adopted by the Canadian Securities Administrators. Therefore the Thamm Report is not current or public. Accordingly, the Company is not presenting the findings of the Report.
About Western Uranium & Vanadium Corp.
Western Uranium & Vanadium Corp. is developing high-grade uranium and vanadium production at its Sunday Mine Complex. In addition to the flagship property located in the prolific Uravan Mineral Belt, the production pipeline also includes conventional projects in Colorado and Utah. The Mustang Mineral Processing Plant is being licensed and developed for mined material recovery and will incorporate kinetic separation to optimize economics.
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 Offering and 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
What did Western Uranium & Vanadium (WSTRF) agree to buy on October 6, 2025?
When is the WSTRF claims acquisition expected to close?
How close is the acquired property to Western's proposed Mustang processing plant (WSTRF)?
How much additional land did Western stake near the acquired claims (WSTRF)?
Does the company present a current resource estimate for the acquired property (WSTRF)?
Will any future deal involving Western CEO George Glasier be a related-party transaction?
