Western Uranium & Vanadium Corp. Processing Facility Update
January 25, 2023
Western Uranium & Vanadium Corp. Processing Facility Update
FOR IMMEDIATE RELEASE
Toronto, Ontario and Nucla, Colorado - Western Uranium & Vanadium Corp. (CSE:WUC)
(OTCQX:WSTRF) (“Western” or the ”Company”) is pleased to provide further details on our
previous announcement regarding a new mineral processing facility in Utah to be built by the
Company in the Green River Industrial Park (the “Industrial Complex”).
Western’s mineral processing facility (the “Fac ility”) will complement other planned strategic
uses of the Industrial Complex, including a nuclear power plant, oil refinery and inland port
facility. It is also an ideal location for a vanad ium redox flow battery plant, as substantial
amounts of vanadium will be produced from Western’s Facility.
The Facility is expected to be licensed and constructe d for annual production of two million
pounds of U 3O8 and six to eight million pounds of V 2O5. Initial production from the Facility is
expected in 2026.
Western’s currently producing Sunday Mines Complex and planned production from the San
Rafael Uranium Project, located eight miles west of the Facility site in Emery County Utah, will
initially provide uranium and vanadium ore fee d to the Facility. The capacity of the F acility can
be scaled-up as Western develops additional mines and to process ore for other mining
companies requiring third party processing services.
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 Regar ding Forward -Looking Information: 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 include 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 r aise 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 i ts 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 Discu ssion 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 o n 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
970-778-9195 mobile
970-864-2125 office