Western Uranium & Vanadium Corp. Operations Updates
June 21, 2023
Western Uranium & Vanadium Corp. Operations Updates
FOR IMMEDIATE RELEASE
Toronto, Ontario and Nucla, Colorado - Western Uranium & Vanadium Corp. (CSE:WUC)
(OTCQX:WSTRF) (“Western” or the ”Company”) is pleased to provide the following updates on
the mill and mines:
The development of the Company’s new state-of-the-art mineral processing plant continues to
progress well. The Utah mill site in the Green River Industrial Park has been upsized through the
addition of adjacent land. This a llows the future scale of operation to be increased beyond the
initial planned annual production of two million pounds of uranium and six to eight million
pounds of vanadium. Maverick Strategic Minerals Corp., a wholly owned subsidiary of Western,
was form ed as an operating entity for the purpose of developing, building, owning and
operating the mineral processing facility. The selection process for engineering, environmental,
and permitting contractors remains ongoing.
The results from the ongoing project at the Sunday Mine Complex (“SMC”) continue to vastly
exceed expectations. This began as a development project to drive a drift ~150 feet from the
historical workings to the nearest surface exploration drill hole defining the GMG Ore Body.
Subsequent to 30 feet of waste rock removal, high -grade uranium ore was continuously
intersected. This caused the team to shift from development to mining and stockpiling of the
ore. As previously reported , there was a post -processing recovery value of six million dollars
($6,000,000) accumulated in the uranium/vanadium stockpiles. Western’s in -house mining
team has continued to drive this drift and calculates less than 30 feet remaining before
reaching the target ore hole. The GMG Ore Body is now ready for full-scale production.
Our mining team has stated the GMG Ore Body is potentially the biggest (in terms of grade and
quantity) that any of them have ever encountered in an underground uranium mine after
decades of mining across the Southwestern United States. Pictures of the ore block face where
two separate ore seams cross have been posted on Western’s website ( www.western-
uranium.com). The photographs were taken shortly after blasting ; the widespread uranium
mineralization is prominently darker than its sandstone host and largely preceding oxidation
into its distinguishing yellow coloration.
As a result of the encouraging results to date, Western is expanding its underground drill ing
capability with the purchase of a drill rated for a distance o f over 2,500 feet. Underground
drilling will explore areas of the SMC project site that were never drilled due to the mountainous
terrain limiting surface exploration drilling.
GMG Ore Body: Ready for full-scale production
About Western Uranium & Vanadium Corp.
Western Uranium & Vanadium Corp. is a Colorado -based uranium and vanadium conventional
mining company focused on low cost near -term production of uranium and vanadium in the
western United States, and development and application of kinetic separation.
Cautionary Note Regarding Forward -Looking Informati on: Certain information contained in
this news release constitutes “forward -looking information” or a “forward -looking statements”
within the meaning of applicable securities laws (collectively, “forward -looking statements”).
Statements of that nature inc lude statements relating to, or that are dependent upon: the
Company’s expectations, estimates and projections regarding 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 plan s. 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.sedar.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 Robert Klein
President and CEO Chief Financial Officer
970-864-2125 908-872-7686